refers to a current account, which is opened under the demand of
natural and legal persons. It is a kind of bilateral contract, which
is to be observed by both bank and the client.
refers to a deposit account which is opened with the spiritual aims
in order to enjoy different kinds of banking services and to accelerate
money transaction. There are different kinds of deposit qarz-al-hassaneh
account:
1. General Deposit Account: is a kind of account opened
with an assets of at least 10,000 Rials without paying interest, and
by returning of at least 5,000 Rials of this assets, it will be subject
to cash or non-cash awards.
2. Specific Qarz-al-Hassaneh Deposit Account: refers to
a kind of account, which is opened to lend the amounts to beneficiary
organizations on the basis of Agent contract between bank and the
natural and legal depositors. The minimum amount for opening this
account is 300,000 Rials.
3. Young-specific Qarz-al-Hassaneh Deposit Account: this
account is opened in order to encourage youngsters less than 25 years
old to open saving account with at least 7,000 Rials.
4. Agricultural Qarz-al-Hassaneh Deposit Account: It is
to encourage farmers to open saving accounts with at least 1,000 Rials.
