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Minimum Deposit Required Annual Return Annual Fee Choice of Terms Features
 The Saudi Investment Bank - Murabaha Deposit The Saudi Investment Bank - Murabaha Deposit Minimum Deposit Required: SAR 50,000 Annual Return: 1% Annual Fee: SAR 0 Choice of Terms: - Features: Multiple Currencies
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The SAIB Murabaha Deposit allows you to make a healthy profit on your money in a safe and Shariah-Compliant manner. The Bank enters into a contract with you to invest your money in metals at an agreed price. You make a profit by selling the metals at a future date at a higher price 
  Features & Benefits:
  • Minimum Deposit amount of SAR 50,000
  • Investments can be made in Saudi Riyals, US Dollars or Euros
  • Premature liquidation of investments is not allowed
  • The SAIB Murabaha Deposit allows you to make a healthy profit on your money in a safe and Shariah-Compliant manner. The Bank enters into a contract with you to invest your money in metals at an agreed price
Eligibility: 
  • Age:
    • 18 years
    • 15 years for Saudis holding a valid ID card
  • Nationality:
    • Saudis
    • GCC citizens with valid passport, or national identity card (applicable only to citizens of Bahrain, Oman, Qatar and UAE), and proof of address in the Kingdom (evidenced by a utility bill, house rental contract, real estate title deed, or a letter from a Saudi citizen attesting to the GCC citizen’s address) along with their home country address
    • Non-Saudis (and Non-GCC) holding a valid residency permit (Iqama)
Fees & Charges:
  • No administration fees
  • Minimum investment amount of SAR 50,000 or equivalent in US Dollars or Euros
Documents Required:
  • Short Term Investment Agreement (Etifaqiaht Istithmar Qasseer Al Ajal)
  • Authorization to Buy Commodities (Taukeel Bishira Silaa) provided to SAIB
  • Murabaha Contract for Commodities (Aqd Murabaha Silaa) to sell the commodities to the Bank