Personal Banking Accounts and Services

Accounts

Current Accounts

An account that meets a wide spectrum of banking needs and is offered to all Cham Bank customers, especially companies and institutions, as this account is considered a "Qard Hasan" (Benevolent Loan) on demand, owned and guaranteed by the bank and returned immediately upon the customer's request. Accordingly, the account balance is guaranteed by the bank, and therefore it bears no loss and is not entitled to profit.

Key Features of the Account

Flexibility of withdrawal and deposit into the account from various branches without any condition.

Possibility of requesting a checkbook according to the bank's policy.

Obtaining an ATM card.

Opening current accounts in Syrian Pounds or in major foreign currencies.

Tracking and managing the account via electronic services "SMS - Cham Online - Cham Mobile".

Ease of sending and receiving remittances through the Syrian Gross Settlement System "SYGS".

The minimum amount to open the account is 5,000 Syrian Pounds or its equivalent in foreign currencies.

Flexibility in the conditions and documents for opening the account.

Required Documents for Individuals

Proof of identity.

Proof of residence.

Proof of employment, if any.

Required Documents for Companies

Memorandum of association or the articles of association of the company.

Commercial registration certificate.

Proof of identity for the authorized signatories.

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Savings Accounts

An account offered to all Cham Bank customers, especially individuals, as this account allows managing and investing their savings in compliance with the provisions of Islamic Sharia, where the customer authorizes the bank to invest the funds on the basis of an absolute Sharia Mudaraba contract.

Key Features of the Account

Flexibility of depositing into the account from various branches.

Withdrawals can be made from this account twice a month, keeping in mind that the withdrawn amount does not participate in the investment.

Profits are distributed and announced on a semi-annual basis.

Opening the account in Syrian Pounds and major foreign currencies.

Obtaining an ATM card.

Tracking and managing the account via electronic services "SMS - Cham Online - Cham Mobile".

The minimum amount to open the account is 1,000 Syrian Pounds or its equivalent in foreign currencies.

The minimum amount participating in the investment is 10,000 Syrian Pounds.

The balance participation percentage in the investment is 30%, calculated on the lowest monthly balance in the account.

Required Documents for Individuals

Proof of identity.

Proof of residence.

Proof of employment, if any.

Required Documents for Companies

Memorandum of association or the articles of association of the company.

Commercial registration certificate.

Proof of identity for the authorized signatories.

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Salary Domiciliation Accounts

A banking service offered to companies that wish to domicile their employees' salaries at the bank. The service is provided on their "Current / Salaries" account at the bank, and it offers companies several advantages, including saving the time needed to manage monthly salary payments. It also benefits employees, as it reduces the risk of carrying their full salary in cash and enables them to access their salaries through the bank's ATM network and a wide network of ATMs of the banks it deals with.

Key Features of the Account

Flexibility of withdrawal and deposit into the account without any condition.

Obtaining an ATM card.

Tracking and managing the account via electronic services "SMS - Cham Online - Cham Mobile".

No minimum amount to open the account.

Benefiting from personal financing offers with their preferential features, in compliance with the provisions and principles of Islamic Sharia.

A nominal domiciliation commission deducted monthly according to the bank's approved schedule of service prices and commissions.

Required Documents from the Employee

Proof of identity.

Proof of residence.

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Investment Deposits in Syrian Pounds

Term Deposits (1-3-6-12-24 months)

Service Definition

Investment term deposits are investment accounts in Syrian Pounds that comply with the provisions of Islamic Sharia, dedicated to individuals and companies. They allow you to operate and grow your local savings (whether they are in cash or coming via remittances) within specified time periods, to achieve rewarding returns that are automatically deposited into your current or savings account upon maturity.

Service Features

Flexible investment periods: Varied options to link the deposit to suit your financial plans, including (a month, 3 months, 6 months, a year, or two years).

Progressive returns in local currency: The participation percentage of your funds in the investment increases to grant you higher profits the longer the duration of the deposit (starting from 55% and reaching up to 90% of the deposit value).

Flexibility of deposit sources: The possibility of opening the deposit in Syrian Pounds whether the funds are in cash or transferred to your account via a bank remittance.

Comfortable automatic renewal: The deposit is automatically renewed for the same duration to ensure the continuous growth of your profits without the need to visit the bank branch, unless you request otherwise in advance.

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Forsa Agency Deposits

An investment term account offered to all Cham Bank customers, especially individuals and companies, which entitles the depositor to invest their funds with competitive returns that match the amount and duration, where the customer appoints the bank to invest these funds on the basis of an absolute agency (Wakala) contract.

Key Features of the Deposit

Benefiting from all features of the profit distribution account (current or savings).

Different terms (1 month / 3 months / 6 months / 12 months / 24 months).

Automatic renewal based on the customer's request for the same period without the need to visit the bank.

Withdrawal from this account takes place on the day following the maturity date (unless otherwise approved by the bank under conditions determined according to the case).

The minimum amount for the deposit is 500,000 Syrian Pounds, with a maximum of 10,000,000 Syrian Pounds per single customer.

The account is entitled to profits after the maturity date, and they are transferred to the profit account according to the policy approved by the bank and announced in the branches and on the website.

The investment percentage is 100%.

The customer receives a profit according to the application submitted by them based on the profits of the investment process, according to the bank's approved procedures.

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Aman Deposit

An investment term account tailored for Cham Bank clients, specifically individuals, designed to provide them with a regular monthly income. Under this facility, the client delegates the Bank to invest the funds based on the Sharia-compliant Unrestricted Mudarabah (Mudarabah Al-Mutlaqah) structure. The realized profits throughout the investment tenor are distributed in accordance with Cham Bank's approved profit calculation and distribution formula as follows:

Capital Provider's (Rab-al-Mal/Client) Share: 50%.

Mudarib's (Manager/Bank) Share: 50%.

Key Advantages

Local Currency Denomination: The account is available exclusively in local currency (SYP).

Flexible Renewal: The deposit features a one-year tenor, which is automatically renewable upon the client's request without requiring a branch visit.

Monthly Profit Distribution: Realized profits are distributed and credited on a monthly basis, ensuring a consistent income stream.

Integrated Banking Privileges: Clients fully benefit from all features and advantages associated with the linked profit-distribution account (Current or Savings account).

Accessible Entry Threshold: The account features a highly accessible minimum deposit requirement of only 50,000 SYP.

Structured Withdrawal Flexibility: Funds can be seamlessly withdrawn on the business day following the maturity date (unless otherwise approved by the Bank under case-specific terms). In the event of an early withdrawal after 6 months, the client retains the right to 50% of the distributed profits.

High Investment Participation: The deposit enjoys a substantial investment participation rate, with 90% of the pool funds directly deployed into financing operations.

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Investment Deposits in US Dollars

Term Deposits (1-3-6-12-24 months)

Service Definition

Investment Term Deposits are Sharia-compliant, foreign currency-denominated investment accounts tailored for both individuals and corporate clients. This facility enables you to deploy and grow your foreign currency savings—whether deposited in cash or received via bank transfers—over specified tenors to achieve lucrative returns that are automatically credited to your linked Current or Savings account upon maturity.

Key Advantages

Flexible Investment Tenors: Diverse options for locking in your deposit to align with your financial planning, including 1 month, 3 months, 6 months, 1 year, or 2 years.

Progressive Foreign Currency Yields: The investment participation rate of your funds increases to yield higher profits the longer the deposit tenor is extended (ranging from 55% up to 90% of the deposit value).

Flexible Funding Sources: The foreign currency deposit can be seamlessly opened and funded either via cash placement or incoming bank transfers.

Convenient Automatic Renewal: Deposits are automatically rolled over for an identical tenor to ensure uninterrupted growth of your returns without requiring a branch visit, unless non-renewal is requested in advance.

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Forsa Agency Deposits

Service Definition

Forsa Deposit in Foreign Currencies is a distinguished investment term account that allows Cham Bank customers, including individuals and companies, to invest their savings in foreign currencies (the Dollar and its equivalent) and achieve rewarding financial returns, where the customer appoints the bank to invest these funds on the basis of an absolute agency (Wakala) contract.

Key Features of the Deposit

Progressive and rewarding returns: Your profit percentage and investment returns increase automatically the higher the value of your deposit or the longer its linking duration in the bank.

Flexible options for terms: Complete flexibility in choosing the time duration that suits your aspirations and financial plans to link the deposit (one month, 3 months, 6 months, or a full year).

Full investment percentage: Your funds in the deposit are invested at a percentage of 100% to ensure achieving the best possible returns from the investment growth movement.

Flexible linking limits for brackets: Investment limits start from a minimum of $10,000 and reach up to $250,000 (or their equivalent in other foreign currencies) per single customer.

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Money Transfers

Outgoing Bank Transfers

Service Definition

Outgoing bank remittances are the integrated and safest banking solution to transfer and send your funds from your bank account with us to any other account, whether inside Syria (in local or foreign currency) or outside it (in foreign currencies). Through our wide network of correspondent banks and accredited remittance companies, we provide you with absolute flexibility to fulfill your commercial obligations, or meet personal and family needs with complete reliability and in compliance with the approved banking regulations.

Service Features

Comprehensive local and international coverage: The service grants you the flexibility of transferring in local or foreign currency to banks inside the country, in addition to the possibility of external transfer in foreign currencies without geographical restrictions.

Multiple transfer options and diverse channels: We provide you with several transfer channels that suit the nature of your need and the volume of your amounts (such as instant transfer via remittance companies, same-day fast remittances, or international bank remittances via global correspondent networks).

Digital safety and a smart alternative to cash: Absolute protection for your funds by transferring them digitally and in a fully encrypted manner, which completely spares you from the risks and burdens of moving cash funds.

Official accredited financial documentation: Immediately upon completion of the transaction, you obtain an official banking notification receipt that precisely proves the transfer movement, granting you a clear and reliable legal and financial reference for your transactions.

Highest degrees of accuracy and compliance: All remittances are subject to meticulous supervision and auditing of the beneficiary's data and the purpose of the transfer before being sent, ensuring your funds reach the exact correct destination and in compliance with official regulations.

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Outgoing Transfers to Exchange Companies

Service Definition

The Outward Remittances to Exchange Companies service is a specialized banking solution tailored for exchange houses and domestic money transfer institutions. This facility enables the execution of fund transfers requested by exchange companies on behalf of their clients. These transactions are routed and settled directly through the Bank's official accounts, ensuring maximum reliability and strict compliance with approved financial regulations and standards.

Key Advantages

Official and Secure Transfer Channels: All remittance operations between the Bank and exchange companies are executed via encrypted, approved banking channels, safeguarding the funds and ensuring their legal and financial protection.

Streamlining Corporate Financial Transactions: The service empowers exchange institutions to efficiently settle their obligations and execute client remittances with high speed, eliminating the need to handle massive volumes of physical cash manually.

Full Compliance and Transparency: The service relies on meticulous financial documentation of transaction data, providing your operations with absolute protection and full compliance with the directives of the Commission and the Central Bank of Syria.

Legal Reference and Documentation: The client (the exchange company) receives accurate official advices confirming the successful booking and execution of operations from the bank account, which facilitates daily reconciliation and accounting audits.

High Precision and Continuous Supervision: These remittances undergo rigorous auditing to verify the reconciliation of entries and the declaration of the source of funds prior to final posting, ensuring error-free transactions.

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Incoming Bank Transfers

Service Definition

Incoming bank remittances are the secure and reliable gateway to receive your funds directly into your bank account, whether they are coming from inside Syria (in local or foreign currency) or from outside it (in foreign currencies). This service allows you to receive your commercial payments, financial entitlements, or family support from your relatives with complete ease, while guaranteeing their entry into your account with high flexibility and in accordance with banking regulations.

Service Features

Unlimited reception from remittance companies: The service grants you an exceptional advantage of receiving incoming remittances from remittance networks and companies directly into your bank account without any financial ceiling, which makes it easier for you to manage large cash flows.

Multiple and integrated reception channels: You can receive funds through several flexible options (whether as a direct transfer between accounts, fast and instant remittances, or via international bank correspondent networks and approved local systems).

Complete comfort and digital safety: The service completely spares you from the trouble of traveling or moving to receive funds in cash and the risks of carrying them, as the amounts are deposited into your account digitally and directly to be ready for use at any time.

Superb speed in account posting: We are committed to processing and auditing incoming remittances as soon as they arrive and adding them to your account without delay, while sending official notifications that guarantee transparency and accurate financial documentation for your transactions.

Full compliance with official standards: All received remittances are subject to professional auditing that ensures their compliance with your personal data and their economic justifications, which protects your account and grants you legal and financial peace of mind.

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Incoming Transfers from Exchange Companies

Service Definition

The Inward Remittances from Exchange Companies service is the official and secure banking channel for receiving financial settlements and transfers arriving from accredited exchange houses and money transfer institutions, crediting them directly into the beneficiary's bank account. This service ensures the collection and auditing of your incoming funds and digital commercial entitlements via exchange networks with ultimate speed and efficiency, in strict compliance with the highest compliance standards and banking regulations.

Key Advantages

Secure and Reliable Reception: Guarantees the reception of cash flows and settlement amounts originating from the exchange sector through fully regulated and encrypted banking channels, safeguarding your funds legally and financially.

Swift Bank Account Crediting: Incoming remittance messages from exchange companies are processed and audited immediately upon arrival, ensuring direct deposit into the client's account to maintain uninterrupted business operations.

High Flexibility and Reliability in Reconciliation: All received transactions undergo a rigorous verification and matching mechanism against the beneficiary's data, eliminating errors and ensuring that funds reach the rightful owner precisely.

Transparency and Certified Documentation: The beneficiary receives highly accurate official advices and accounting entries proving the source of the remittance, its text-written value (amount in words), and net fees, which serves as a clear accounting and legal reference for your company.

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Instant Money Transfers

Service Definition

The Instant Money Transfer service is the fastest and most flexible banking solution for sending and receiving funds immediately, delivered in cooperation with major accredited domestic money transfer companies. This service enables you to link your bank account directly to the instant remittance network, allowing you to send cash to anyone across all governorates, or receive incoming transfers credited directly into your bank account instantly and with the highest levels of security.

Key Advantages

Ultra-Fast and Instant Execution: Funds are sent, received, and made available for cash-out at the exact same moment, making it the ideal solution for emergency and urgent daily payments.

Automated and Direct Account Crediting: Received funds are digitally credited into your account, becoming instantly available for use or withdrawal at any time without the need to visit external remittance centers or endure the risk of carrying physical cash.

Maximum Security and Asset Protection: Remittances undergo rigorous and precise data validation and three-part name matching. In the event of any error or discrepancy in the incoming transfer details, the transaction is immediately halted to protect your funds.

Streamlined Procedures and Official Documentation: Transactions are executed via simplified and seamless procedures. Upon completion, you immediately receive an official advice and accounting entry proving the transfer operation and its value.

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Premium Accounts

Mustaqbali Account

An investment savings account (Al-Tawfeer) offered exclusively for the child category from birth up to the age of 18 years, helping them develop the concept of saving as a rational banking behavior that contributes to building their future, where the guardian authorizes the bank to invest the funds on the basis of an absolute Sharia Mudaraba contract.

Key Features of the Account

High profit returns.

Obtaining an ATM card.

The minimum amount to open the account is 1,000 Syrian Pounds.

Profits are distributed and announced on a semi-annual basis.

The minimum amount participating in the investment is (10,000 Syrian Pounds).

The lowest monthly balance in the account is invested according to the brackets below:
The balance participation percentages in the investment are 30%.

Required Documents to Open the Children's Account

Identity proof document of the child.

Required Documents from the Guardian / Trustee

(Family booklet in the case of the guardian, or the trustee appointment decision from the Sharia judge) along with the identity proof document.

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Bidayati Account

An investment savings account specifically designed for university students, structured on the Sharia-compliant Unrestricted Mudarabah (Mudarabah Al-Mutlaqah) framework. Under this facility, the depositor (Rab-al-Mal/Capital Provider) delegates the Bank (Mudarib/Manager) to invest the funds and distribute the generated yields accordingly. This account aims to empower students and support them in seamlessly utilizing the latest e-payment solutions and digital banking services.

Key Advantages

Completely Free Account Opening: Start saving now without worrying about costs, with a full waiver of account opening commissions.

Integrated Digital Services Bundle: Receive an activated suite of digital banking services that enable you to execute electronic payments swiftly and securely.

University-Branded ATM Card: Stand out with a custom, exclusively designed ATM card featuring your university's logo alongside the Bank's branding.

Incentivized Investment Yield: Grow your smart savings by earning an encouraging investment return on your deposited funds.

Specifications and Conditions

Target Audience: Public and private university students.

Approved Currency: Syrian Pounds (SYP).

Required Documentation: Submitting an investment savings account opening request by completing the Bank's approved contracts and forms.

General Terms: The account is subject to the standard banking terms and regulatory frameworks approved by Cham Bank.

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E-Account "The Fastest"

Start your banking journey with a single touch!

The Electronic Account (E-Account) is an innovative digital current account, specifically designed to allow you to open your first bank account and start managing your financial transactions online with complete ease and safety, without the need to visit the branch in the initial stage.

Key Features

Exemption from establishment commissions: Open your account for free and without any commissions for opening the account or opening the customer file.

No minimum balance: You can open the account and continue using it even if your balance is zero, and without any commissions on the minimum balance.

Mobile banking application: Utilize the bank's own mobile banking application to track your account with complete ease.

Ease of account upgrade: You can convert your electronic account into a standard, comprehensive bank account with all features (such as requesting a checkbook or linking an investment deposit) by simply visiting the branch once and signing the approved forms.

Conditions and Parameters

Eligibility: The account is available to all natural persons over the legal age (+18 years).

Approved currency: Syrian Pound.

Account balance ceiling: The maximum ceiling for credit and debit operations reaches up to 50,000 Syrian Pounds (according to the instructions of the Central Bank of Syria and its amendments).

Nature of the account: A current account (on demand), it does not participate in profits and cannot be linked to an investment deposit before being upgraded at the branch.

Account status: Please maintain account activity, as it is subject to dormant account regulations in the event that it is not used for 365 days.

Steps to Open the Account (In Just a Few Minutes)

Filling out data: Click on the service link on our website, and enter your personal and professional information accurately.

Uploading the ID document: Enter your personal identity card or passport data (make sure to enter the 11-digit national ID number).

Confirming the request: Choose the branch closest to you, register your mobile number, and then click on "Register Request".

Receipt: You will receive an immediate text message indicating the successful registration of your request, followed by another message containing your new account number as soon as it is audited by our team.

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Other Services

Safe Deposit Boxes

An integrated and secure banking solution that enables Cham Bank clients to lease dedicated, highly protected safe deposit boxes within the Bank's vaults to deposit and safeguard their valuables, official deeds, and critical documents. This service is delivered in accordance with the highest security and protection standards, in absolute alignment with the principles of Islamic Sharia and the prevailing regulatory and legal frameworks in the Syrian Arab Republic.

Service Specifications and Advantages

Security and Privacy Preservation: A fortified and heavily secured environment that ensures ultimate peace of mind for safeguarding assets that are strictly compliant with both Sharia principles and applicable laws.

Subscription and Billing Mechanism: The service is provided against an annual lease rental fee, which is payable to the Bank in advance.

Usage Flexibility: The lease agreement grants the lessee the right to a predefined number of box access visits throughout the year.

Security Deposit: Activating the service requires placing a refundable cash security deposit with the Bank, subject to the applicable terms and conditions.

Fees and Tariffs: All commissions and fees are subject to the approved and updated Schedule of Services and Tariffs at Cham Bank.

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Cham Xpress

A distinguished and exclusive banking service from Cham Bank that enables customers to request the receipt of their funds in cash and have them delivered safely and within sealed envelopes directly to their workplaces or locations, without the need to visit branches or use ATMs. The request is submitted in a simple step by calling the customer service center.

Key Parameters and Features of the Banking Service

Request Method: By calling Cham Bank's customer service center at 0119398.

Condition of Benefiting: The customer must be present in person to receive the amount by virtue of identity proof, and authorizations or powers of attorney are not accepted.

Service Times: Requests are received and executed during the official working hours of the bank (from Sunday to Thursday).

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Terms and Conditions

General Terms and Conditions

The general and specific terms and conditions that govern opening accounts and using banking services at Cham Bank, in line with the instructions of the Central Bank of Syria and the provisions of Islamic Sharia.

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Commission List

The bank's approved schedule of service fees and commissions: cheque books, accounts, transfers, cards and more.

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