Retail Accounts
Retail Accounts
Choose from a range of retail banking accounts designed to meet your personal and family financial needs.Retail Accounts
Investment Account
Current and Salary Current Account
Designed to meet your financial, banking, and commercial needs
It is a credit account that allows the customer to deposit and withdraw from the account at any time, either by attending in person, using an ATM card, or through checks.
These accounts are characterized by high flexibility in terms of withdrawals and deposits and are available in the following main currencies: Iraqi Dinar and US Dollar.
Terms and Conditions
Required Documents
- Unified National ID
- Personal Photo
- Residence Card
- Passport
- If passport is missing, customer must sign a commitment to provide a copy upon issuance
- Employment endorsement directed to the bank
Conditions
- The bank does not calculate any profits on credit balances for current accounts opened with it.
- Funds deposited in the current account are entrusted for use and return upon request. They do not share in investment profits nor bear risk.
- For the purpose of issuing a checkbook, proof of conducting a commercial activity and the absence of returned checks due to insufficient funds is required.
Benefits
- Checkbook Issuance
- ATM Card
- Mobile App
- Online Banking
- Use card for online purchases
- SMS Service
Investment Savings Account
A joint investment account with the bank acting as mudarib
- Investment Savings Accounts are available in IQD and USD
- Distribution of profits on an annual basis
Terms and Conditions
Required Documents
- Unified National ID
- Personal Photo
- Residence Card
- Passport
- If passport is missing, customer must sign a commitment to provide a copy upon issuance
- Employment endorsement directed to the bank
Conditions
- The bank acts as an agent for the depositor in conducting all banking transactions in compliance with Islamic law
- The account is invested in the joint investment pool with the bank investing 70% of the deposit value
- Returns are added to the customer’s account and reinvested under the same conditions
- Profit-sharing begins from the start of the month following the deposit
- The depositor can withdraw from their account at any time
- The depositor can make deposits throughout the year
Benefits
- Mobile App
- Online Banking
- SMS Service
- ATM Card
Children’s Future Savings Account
A savings account in the name of children
This account allows children to save until they reach adulthood, after which the child becomes the sole manager of the account.
Terms and Conditions
Required Documents
- Unified National ID
- Personal Photo
- Residence Card
- Passport
- If passport is missing, customer must sign a commitment to provide a copy upon issuance
- Parent/guardian Employment Endorsement Letter
- Unified national ID for the minor
Conditions
- Account is opened by the guardian for the minor
- Minor can deposit but withdrawals only after reaching 18 years
- Joint investment account with bank acting as agent
- Bank invests 70% of the deposit’s value
- Returns are reinvested under the same terms
- ATM card can be issued for the minor’s account
Benefits
- Mobile App
- Online Banking
- SMS Service
Joint Accounts
Opening joint accounts for individual and institutional customers
The credit balance in the account is equally owned by the account holders.
The joint accounts are for individuals, and the account holders may be two or more. The right to sign on the account is as agreed upon between the partners.
Terms and Conditions
Required Documents
- Unified National ID
- Personal Photo
- Residence Card
- Passport
- If passport is missing, customer must sign a commitment to provide a copy upon issuance
- Employment endorsement directed to the bank
Conditions
- The credit balance is equally owned by all account holders
- Authorized signatories have the right to operate and manage the account
- Individual signatory can request transfer of credit balance to their personal account
- For checkbook issuance, proof of commercial activity is required
Benefits
- Checkbook Issuance
- ATM Card
- Mobile App
- Online Banking
- Use card for online purchases
- SMS Service
Investment Accounts and Accepting Deposits
Opening investment accounts based on Islamic Sharia principles
• Special Term deposit account • Term deposit account • Investment Portfolio Account • Dedicated Investment Account
Pearl Account
A special account for the female segment of society
Pearl Current Account – Pearl Term Deposit Account
- It is a special account for women where any woman or girl can open this account and benefit from the features and advantages of this account.
