Investment Deposit Account
This account allows funds keeping as deposits of different time intervals (Annum, bi-annum, quarterly) based on Islamic Mudaraba subjected to profit or loss. It requires having a current account and filling out Investment account form.
Advantages of Investment Deposit Account:
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Available in local and main foreign currencies
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Deposits partially or completely withdrawn before maturity date , reserve the right of gained profit
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Benefiting from UCB financing services considering deposit credit as a collateral according to UCB policies
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Gain of return (Halal) according to Islamic regulations
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Deposit is under Customer demand since it can be broken at any time according to UCB policy and conditions
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Automatic renewal of Deposit unless otherwise requested by customer