Ar-Rizq Term Deposit Account (Corporate)
Ar-Rizq Deposit Account is a short term deposit based on the Syariah concept of Al-Wakalah
Syariah Concept
Al-Wakalah
Term
- 3 months
- 6 months
- 9 months
- 12 months
Type of Account
- Ar-Rizq registered company
- Ar-Rizq Business names
Eligibility
- Must have Micro or Corporate current account for principal allocation and profit
Requirements
- Identity card(s)
- Authorized signatories*
- Certificate of Incorporation*
- Certificate of Registration*
- Authority letter*
- Instructions & E-statements*
- Initial Deposit of $1,000 and maximum deposit is $5,000,000
* if applicable
Benefits
- 24/7 Cash Deposit Machine
- Access account anytime, anywhere through TAIBVX access
- Payroll bulk payment services
- E-statements to keep track of transactions and account balance
- Cheque book facility is available
Fees
Refer to TAIB Schedule of Tariffs & Fees