Unrestricted Investment Accounts

Saving account:
SIIB offers a saving account that provides competitive profit rates; funds deposited in saving accounts are authorized for investment by the depositor (Rabb-ul-mal) to the Bank (Mudarib) on the basis of Al- Mudarabah contract.
Features and benefits of saving account:
- Free unlimited teller transactions during the Bank's working hours.
- ATM card for accounts in Syrian Pounds.
- Access bto your account through a wide range of electronic services that include: e-banking, telephone banking, SMS banking, mobile application and USSD.
- Mobile phone bills automatic payments.
- Available in the following currencies: SYP, USD, EUR, SAR.
- The minimum balance required to open a saving account is SYP 5,000 or its equivalent in foreign currencies.
- The funds deposited in these accounts participate in investment starting from the first day of the next month following the month of deposit.
- The profits are distributed semi-annually.

Term deposit account (investment deposit)
Invest your money at SIIB for a specific period of time and obtain competitive profit rate and more flexible periods of investments.
The term deposit is an amount of money authorized for investment by the depositor (Rabb-ul-mal) to the Bank (Mudarib) on the basis of Al-Mudarabah contract.
Features and benefits of SIIB Term deposit accounts:
- Competitive profit rates.
- Flexible terms (3-6-9-12-24-36) months.
- The minimum balance required to open a term deposit account is SYP 1,000,000 - USD 1,000 – EUR 1,000 – SAR 2,000.
- The profits are distributed semi-annually.


 

 

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