Corporate Current Account
A current account that businesses can really trust
As a thriving company, you want a current account that’s convenient and practical for your day-to-day banking. At the same time, you want to avoid compromising your Islamic values.
Al Yusr Current Account is not only fully Shari’a compliant and endorsed by leading scholars, but also provides you with all the transactional features that you need to operate your business accounts. You can access the account any time, as and when you want, cash withdrawals, deposits and cheque payments are all straight forward and you’re also able to transfer funds, make remittances and access other regular banking services. In short, it’s the current account you can really trust.
How does it work in practice?
Al Yusr Current Account is a non-profit bearing, transaction account, which is based on the Shari’a concept of "Qard". Al Yusr Current Accounts are designed to provide you the flexibility and convenience of day-to-day transactional accounts, with the assurance that your funds will only be used by the Bank in our Shari’a compliant business. We receive your deposit in the form of Qard for an unspecified period of time and we are bound to return it to you whenever you ask for it.
Features and benefits of Al Yusr Current Account
Who benefits from Al Yusr?
All resident / non-resident corporate and commercial enterprises. It’s a transaction account which caters for your everyday banking needs.
Is it fully Shari’a compliant?
Yes. All products offered by Al Yusr are reviewed and approved by the Bank's Shari'a Supervisory Board
- No minimum balance fee
- No minimum opening balance
- No restriction on the number of transactions
- Available in Omani Rial and other major foreign currencies
- Free quarterly statements
- Omani Rial chequebooks issued promptly
- Cash withdrawals and deposits over the counter
- Ability to set up standing instructions
- Payment Order facility
- Local and international remittances
- Inward and outward clearing
- Foreign currency cheque collection
To apply and for more information please call Al Yusr Corporate Banking team on +968 24 754 689
Terms and conditions apply*