Current account for companies
Service Details
This account at SHARQ Yemeni Bank for Islamic Microfinance allows companies, institutions, and other legal entities to manage their funds efficiently. They can freely withdraw and deposit, manage payroll, and pay bills. Thanks to the internet banking service, they can manage accounts, perform transfers, deposit employee salaries, buy and sell currencies, generate account statements, and settle payments easily from their offices, which enhances the organization of corporate finances and ensures the smooth flow of operations.
Service Features
The possibility of opening the account without any costs or advance payments.
Opening the current account in different currencies (Yemeni Rial – US Dollar – Saudi Riyal).
Ease of opening the account via the SHARQ Yemeni Bank headquarters or any of its branches.
Freedom to withdraw and deposit at any time without restrictions.
Benefit from various bank services such as sending and receiving funds domestically via the Thawani Cash network and the Unified Network, and internationally via the SWIFT system.
Obtaining the internet banking service, which enables you to manage the account from your offices, manage employee payroll, pay bills, buy and sell currencies, and generate reports and account statements for the company from your offices.
Service Terms
Requirements for Opening a Corporate Current Account
A formal letter from the company/institution to open the account, including the names and job titles of the authorized signatories and the signature mandates (whether managed by a single signature, two or more joint signatures, or two separate signatures according to specific conditions), as well as the authority of those signatures for financial transactions.
Copies of the IDs of the company owners or those authorized to manage the account.
A copy of the Commercial Register + a renewed professional practice license.
In the case of a company under establishment or if there is no commercial name on the Commercial Register, a copy of the Trade Name Certificate must be provided.
The Articles of Incorporation or the company’s Bylaws, certified by the relevant authority.
A valid Zakat card.
A valid Tax card.
A request letter to open an account from the Ministry of Social Affairs and Labor for associations, or from the Ministry of Planning and International Cooperation for international organizations, specifying the individuals authorized to manage the account.
The Bylaws of the association or foundation, certified by the Ministry of Social Affairs and Labor.
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