Current account for individuals
Service Details
SHARQ Yemeni Bank for Islamic Microfinance offers a Current Account service for individuals, providing a secure and flexible way to manage your funds. With this service, customers can deposit and withdraw money at any time without restrictions, as well as handle payments and fund transfers with ease.
Sharia Compliance and Supervision
All our banking services are overseen by the Sharia Supervisory Board, a body composed of scholars specialized in Islamic transaction jurisprudence and contemporary Islamic economics. Their role is to ensure that all bank activities adhere to Islamic Sharia principles, including:
Developing products that comply with Sharia.
Achieving the goals and objectives of the Islamic economy.
Providing guidance and answers to all Sharia-related inquiries regarding the bank’s activities and transactions.
Supervising banking transactions to verify their compliance with Sharia law.
The Sharia Supervisory Board has determined that the Current Account is structured as a loan contract (Qard), where the depositor is the lender and the bank is the borrower.
Key Features
Multi-Currency Support: You can open a multi-currency account in Yemeni Rials (YER), Saudi Riyals (SAR), and US Dollars (USD).
Freedom of Access: Unlimited access to deposit and withdraw funds at your convenience.
Payment & Transfer: Seamless capability to manage personal payments and transfers.
Service Features
Features and Benefits of the Personal Current Account
Zero Costs: Account opening is free of charge, with no advance payments required.
Instant Activation: Easily open and activate your current account within minutes via the Sharq Mobily application or by visiting any SHARQ Yemeni Bank branch.
Multi-Currency Options: Open your current account in Yemeni Rials (YER), US Dollars (USD), or Saudi Riyals (SAR).
Flexible Transactions: Perform withdrawals and deposits at any time through bank branches, ATMs, or via the application through our authorized banking agents.
No Restrictions: There is no minimum balance required, no minimum limits for deposits or withdrawals, and no account management fees.
Electronic Services: Enjoy full access to modern digital banking services, including virtual MasterCard options.
Card Access: Receive your own ATM card, along with access to other credit cards such as MasterCard.
Service Terms
Requirements for Opening a Personal Current Account
To open a personal current account at SHARQ Yemeni Bank, please ensure you provide the following documentation based on your status:
For Yemeni Nationals: A valid electronic national ID card or a valid passport.
For Minors or Individuals lacking legal capacity (e.g., blind or illiterate):
Birth certificate or school certificate.
Family card demonstrating the relationship between the child and the guardian.
For Guardianship/Custody: A valid ID for the guardian or custodian, along with the relevant court order regarding the custody or inheritance.
For Non-Yemeni Residents: A valid passport, a valid residency permit for Yemen, and a formal letter from your employer stating your employment details.
Additional Requirements:
A recent 4×6 photograph of the account applicant.
For Commercial Accounts: A valid Commercial Register and all additional documentation required for opening a business account.
Subscription methods
You can open your account easily through the SHARQ Mobily application or by visiting the nearest SHARQ Yemeni Bank branch.
Other services that may interest you
