Foreign Currency account, is an investment saving account which is compliant with the Islamic Shari’a principles. This type of account can be opened in one of the three major currencies: US Dollar, Sterling Pound and Euro.
- Low minimum balance requirement.
- Competitive profit rates
- Annual profit distribution.
- Local or international remittance facility.
- Standing order facility.
- Easy and quick access to funds.
- Free quarterly account statements.
- SMS notifications on account transactions.
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No account opening fees.
- The account can be opened for individuals and legal entities.
- Minimum age to open the account is 21 years.
- Minimum opening balance will be equivalent to BHD 20.
- Requirements for Personal Accounts:
- For Bahrainis, 1 original ID from the following combined with proof of permanent address:
- CPR or Smart Card
- Driver’s License
- Passport
- For Non Bahrainis, the following 2 original IDs:
- CPR or Smart Card
- Passport with a valid residence permit
- Account statement or a salary certificate are required for Current Accounts.
- For Bahrainis, 1 original ID from the following combined with proof of permanent address:
- Requirements Corporate Accounts
- Original CR.
- 2 original IDs form the following:
- CPR or Smart Card
- Driver’s License
- Passport
- 6 months financial statement.
- Article of associations (if applicable).
- Board of Resolution (if applicable).
- Registration Form.