Term Deposits in US Dollars
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.