SADAD service (point of sale)

Service Details

This account at SHARQ Yemeni Bank for Islamic Microfinance allows companies, institutions, and other legal entities to efficiently manage their funds, withdraw and deposit freely, manage payroll, and pay bills. Thanks to the internet banking service, they can manage accounts and transfers, deposit salaries for their employees, buy and sell currencies, generate account statements, and make payments with ease from their offices; this enhances the organization of company finances and ensures operations run smoothly.

Service Features

Possibility to open the account with no costs or advance payments.
Open current accounts in various currencies (Yemeni Rial, US Dollar, Saudi Riyal).
Ease of opening the account through the SHARQ Yemeni Bank headquarters or any branch.
Freedom to withdraw and deposit at any time without restrictions.
Benefit from various bank services, such as sending and receiving money domestically via the Thawani Cash network and the Unified Network, and internationally via the SWIFT system.
Obtain internet banking services that enable you to manage the account from your offices, manage employee payrolls, in addition to paying bills, buying and selling currencies, and generating reports and account statements for the company from your offices.

Service Terms

Requirements for Opening a Current Account

An official letter from the company/institution requesting to open the account, including the names and job titles of the authorized signatories and specifying the signing authority (e.g., individual, joint, or other specific conditions) regarding financial transactions.
Copies of IDs for the company owners or authorized account managers.
A copy of the Commercial Register + a valid professional practice license.
In the case of a company under establishment or if it does not have a trade name in the Commercial Register, a copy of the Trade Name Certificate must be provided.
The company’s Articles of Incorporation or Bylaws, certified by the relevant authority.
A valid Zakat card.
A valid Tax card.
An official letter requesting 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 authorized account managers.
The Bylaws of the association or institution, certified by the Ministry of Social Affairs and Labor.