bisb.com Tejoori Savings Account : Bahrain Islamic Bank

Name of the Organization : Bahrain Islamic Bank
Type of Facility : Tejoori Savings Account
Country : Bahrain

Website : https://www.bisb.com/en

Related :
Bahrain Islamic Bank Apply For Property Finance : https://www.statusin.org/5996.html

Tejoori Savings Account :

Tejoori Al Islami is an investment account that allows the customer to win substantial cash prizes as a reward on their investment.

Tejoori Al Islami savings account is available to Bahraini and non Bahraini nationals.

The Tejoori Al Islami investment account is a normal Mudharaba based investment account, and all prizes are paid from the shareholders promotional prize account.

A Special Gift for Someone Special:
Tejoori Al Islami gift certificate gives you the opportunity to offer a memorable gift to someone special for the following occasions and more:
** Eid
** Graduation
** Wedding
** New Born Baby
** New Home

Tejoori Al Islami Gift Certificate Required Documents:
** Two valid Identification of the gift provider
** The name and contact details of the gift receiver

What are the features of this account?:

** Minimum of BD50 in the account.
** Each BD50 in the account will entitle the accountholder to have 1 certificate to enter the monthly, quarterly and yearly raffles.
** Mudharaba system is applied at the same rate of savings accounts, which are 65% of the profit for the Mudhareb (the Bank) and 35% of the profit for Rab Al Maal (the account holder).
** Deposit or withdraw any amount from the account, knowing that each BD50 in the account will entitle the customer to enter the raffle by one certificate while all other fractions will not be considered in the raffle.
** Every certificate will be entitled to enter the raffle after its minimum of 30 days of the deposit into the account.
** Investment Certificate is printed at the time of the creation of the account and the deposit of the amount into the account and at anytime the customer requests.
** Investment Certificate will hold the number of all tickets of the customer in addition to the account balance at the time of printing.
** At the customer’s request, a new certificate can be issued after every deposit or withdrawal from the account at any branch.
** The winning customers will be required to present the original certificate that holds the winning ticket number for claiming the prize.
** If the customer lost his/her certificate a replacement will be issued by a written request from the customer and after collecting a replacement fee of BD5.

Raffle :

** Tejoori Al Islami Raffles will take place on the first week of every month.
** All raffles will be conducted with the presence of internal and external auditors and a representative from the Ministry of Industry and Commerce.
** Winners will be announced and notified in websites and on social media.

Eligibility :

** The general criteria of opening BisB’s Tejoori Al Islami savings account is detailed below:
** Age of Applicant: 18 years of age at the time of application.
** Accounts may also be opened in the names of minors by their legal guardian.
** Companies and individual establishments may also open Tejoor Al Islami accounts.

Required Documents:

To apply for Tejoori Al Islami savings account, applicants must provide the following documents:
** Two valid Identifications.
** Filled and signed application form.