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Al-Nahrain Islamic Bank launches a project to invest cash deposits
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Economy News - Baghdad
On Tuesday, Al-Nahrain Islamic Bank announced the launch of the investment deposits project, calling on residents to visit its branches to benefit from this project.
The bank stated in a statement received by "Al-Iqtisad News" that "the deposit controls include the cash amount that the customer pays to invest his money for a period of no less than 6 months as a minimum to participate in the profits."
The bank stipulated that "the amount of the investment deposit must not be less than (3,000,000) Iraqi dinars, or (2000) US dollars."
He noted that "the profits are not calculated if any amount is withdrawn six months before the date of deposit, and when part of the amount is withdrawn six months before, the remaining amount is considered a new deposit."
The bank indicated that "depositors receive 50 percent of the net profits of their deposits, according to the contribution of each one of them and the period invested in it."
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