Al Baraka Bank of Sudan offers the golden deposit product, which is a deposit restricted to the local currency, distributed quarterly, and its profits range from 23% to 25%, in accordance with the provisions of Islamic Sharia.
Benefits And Features
Obtaining the highest percentage of profits in a short period of time.
Expected profits range from 23%_25% annually distributed quarterly according to the deposit.
After the period, it can be renewed automatically unless the customer requests otherwise.
Terms and Conditions
- The deposit is in the local currency starting from the date of its issuance.
- The deposit is automatically renewed with the consent of both parties for another period under the same conditions.
- The depositor is not entitled to withdraw the amount or part of it except at the end of the deposit period.
- Distribution of quarterly profits.
- The investment formula is absolute speculation. The resulting profits are distributed at a rate of 10% to the bank (the business owner) and 90% to the depositor (the business owner) in the same currency in which the deposit was made.