Investment Savings Account (Al-Tawfeer)
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Withdrawals can be made from this account twice a month, keeping in mind that the withdrawn amount does not participate in the investment.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.