Sharia-compliant earnings and the highest profit percentage in all of Sudan sounds like a dream! A dream that is possible to achieve with Saudi Sudanese Bank.
The Saudi Sudanese Bank does not deal with the usury system.
The deposit amount is invested on the basis of absolute Mudaraba, and the Bank has the right to use the deposit funds in operations and projects that serve the interests of both parties.
The bank has the right to mix the funds of the deposit with its other funds.
The term of the deposit is valid on the date shown on the certificate.
The deposit may be withdrawn or modified before its expiry date, And the depositor will not be able claim profits.
If the term of deposit expires and it is not withdrawn, it is automatically renewed for another period.
Investment deposits do not share profits that resulting from investing current account funds and the return on banking services.
Investment deposits bear the direct expenses of investment operations only.
The deposit is not entitled to profits unless it completes a minimum period of four months.
Profits are paid at the end of the financial year to the bank in the same currency as the deposit.
This deposit is not negotiable and the bank does not bear any responsibility towards any third person in case he is able to benefit from this certificate.
The bank and the responsible authorities must be notified in the case of losing this certificate.
The bank may pay monthly sums of profits, deducted from the profits achieved at the end of the year, if the depositor desires this (for deposits in local currency only).