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Foreign Currency Accounts
 
Based on International Banking Standards and modern technologies, the customers are provided with the following accounts:
 
Foreign Currency Savings Accounts (Qard-al-Hassanah)
Using the foreign currency savings accounts, with the minimum deposit balance of 100 USD or the equivalent value in other convertible currencies, real and corporate persons can easily transfer funds among inland and overseas accounts and banks. They can also have cash receipts without any limits or penalties.
 
Note: Qard-al-Hassanah savings and checking accounts include checking and savings accounts, as in the conventional banking system, except that they earn no interest. Savings accounts offer incentives to account-holders such as non-fixed prizes and bonuses in cash or in kind (usually in the form of a lottery) and an exemption or discount in the payment of commissions and fees.
 
 
Foreign Currency Checking Accounts (Qard-al-Hassanah)
·  With the minimum deposit balance of 1,000 USD or the equivalent value in other convertible currencies for real persons, holding commercial cards;
·  With the minimum deposit balance of 10,000 USD or the equivalent value in other convertible currencies for real persons without commercial cards;
·  With the minimum deposit balance of 1,000 USD or the equivalent value in other convertible currencies for corporate persons, holding commercial cards;
·  With the minimum deposit balance of 5,000 USD or the equivalent value in other convertible currencies for corporate persons without commercial cards;
 
Foreign currency checking account-holders are provided with many benefits and advantages such as overdraft credit facilities, discounts…