[url=https://ultrairaq.ultrasawt.com/sites/default/files/styles/large/public/%D8%B1%D9%88%D8%A7%D8%AA%D8%A8 %D8%A3%D9%85%D9%88%D8%A7%D9%84][You must be registered and logged in to see this image.][/url]
Launching government construction bonds for circulation with semi-annual interest
November 03, 2021
The bank determined the purchase mechanism and the value of the interest
Ultra Iraq - Editorial Team
Al-Rasheed Bank announced the launch of building bonds for citizens with semi-annual interests, while specifying the mechanism for purchasing bonds and the value of the interests.
The bank stated in a statement, November 3, that "a directive was issued to its branches to directly sell construction bonds to citizens wishing to purchase."
The statement explained, "The bank set its instructions regarding the amount, interest and the purchase mechanism, as it included specifying a bond of 500,000 dinars at an interest rate of 6% to be paid to the customer every six months for a period of two years, and a bond of one million dinars with an annual interest of 7% paid every six months for a period of four years."
The statement indicated that "the instructions allow a person (naturally or legally) wishing to purchase to submit a direct request to the bank, accompanied by the original identification documents, in return for the bank giving the customer a receipt for the amount he paid to purchase the bonds."