Currency exchange

Service Details

SHARQ Yemeni Bank for Islamic Microfinance offers a Current Account service for individuals, providing a secure and flexible way to manage their funds.

Through the Individual Current Account service, customers can withdraw and deposit at any time without restrictions, and use it for payments and money transfers with ease.

All our banking services are subject to the Sharia Supervisory Board, a body composed of a group of scholars specialized in Islamic jurisprudence and contemporary Islamic economics. This is to ensure the bank’s activities comply with Sharia provisions, enhance the bank’s performance from a Sharia perspective, develop products compliant with Sharia rulings, achieve the goals and objectives of the Islamic economy, answer all Sharia-related questions and inquiries regarding the bank’s activities, products, and transactions, and supervise the bank’s banking operations to ensure their compliance with Sharia provisions.

The bank’s Sharia Supervisory Board has determined that the current account is classified as a loan, where the depositor is the lender and the bank is the borrower.

You can open a multi-currency account in Saudi Riyals, US Dollars, and Yemeni Rials at SHARQ Yemeni Bank.

Service Features

Possibility to open the account with no costs or advance payments.
Ease of opening and activating the current account within minutes via the SHARQ Mobile application or any of the bank’s branches.
Open current accounts in various currencies (Yemeni Rial, US Dollar, Saudi Riyal).
Withdraw or deposit funds at any time through the bank’s branches, ATMs, or via the application through one of the bank’s agents.
No minimum deposit or withdrawal limits. Additionally, there is no minimum balance requirement, and the bank charges no account management fees.
Benefit from the electronic services currently provided by the bank, such as the Virtual Mastercard.
Obtain ATM cards and other credit cards, such as the Mastercard.

Service Terms

Must possess a valid electronic national ID card or a valid passport.
Provide a 4×6 photo of the account applicant.
For commercial accounts, provide a commercial register and meet all commercial account opening requirements.
For minors, provide a birth certificate or school certificate along with the family card proving the age of the child and their guardian. This also applies to individuals lacking legal capacity, such as the blind or illiterate.
Provide the identity document of the guardian or custodian, along with a judicial order in cases of guardianship or custody over minors or heirs.
A valid passport for non-Yemenis, with a valid residency permit for foreigners residing in Yemen, including proof of employment and an official letter from the employer.