Guarantee Deposit Account
Guarantee Deposit Account
 
 

DELIVERING YOUR GUARANTEE NEEDS

Because we understand your needs, we offer you a Shariah-compliant Guarantee solution tailored to your needs, with Peace of Mind Guaranteed.

Al Baraka Bank’s Shariah-compliant Guarantee Deposit Product affords you the opportunity to select from a range of our Bank Guarantees.

SECURING YOUR FINANCIAL OBLIGATIONS

Our carefully tailored Guarantee offering secures your business and property transactions and is perfect for clients requiring financial protection and is ideally suited for:

  • Business entities;
  • Trading entities;
  • Individuals;
  • Property developers; and
  • Property investors

PRODUCT FEATURES

  • Shariah-compliant product offering;
  • Permissible returns on investments;
  • Quick turn-around times on establishment of guarantees;
  • Performance Guarantees are issued up to a maximum period of three (3) years. Guarantees exceeding the three (3) year period may be issued at the discretion of the bank;
  • Property guarantees are issued for a maximum period of 120 days;
  • Option to renew guarantees upon maturity; and
  • IT3(b) Certificates and Statements are made available

Partner with Al Baraka Bank to secure your Guarantee commitments on a Shariah-compliant basis.

ENGAGE WITH US

For all your Guarantee requests, please contact your nearest Al Baraka Bank Branch
Tel:    0860 225 786                                        Email: customerservices@albaraka.co.za

Downloadnow