Deposit Accounts Portfolio
Ratibi
(For salaries’ domiciliation)

The credit balance in this account represents a sight benevolent loan which doesn’t produce any profit for its owner, and is a capital-guaranteed account paid-up on demand, bearing a monthly fee for its management.

Conditions Relating to the Opening of “RATIBI” Account
The account may be opened for individuals, companies, associations and institutions … (according to the documentation specified for each one separately).

Characteristics of “RATIBI” Account
  • Fund investment shall be according to the Islamic Sharia.
  • The agent shall obtain a receipt for the investment deposit amount.
  • The investment profits shall be deposited in the agent’s current accounts at the end of every month.
  • An option of obtaining Islamic credit cards and flexible payment cards, when opening the account.
  • Facilities in obtaining a financing through all Islamic financing methods (subject to the approval conditions).