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Al Baraka Bank does not charge any commission.
You do not need to be a client of the bank however proof of residence is required
Contact your branch a minimum of 2 days in advance to ensure your currency is available when you come into the branch to collect it.
1 million rands per person per calendar year. If you are purchasing for more than R100 000 then a 3 month bank statement is required
No, Al Baraka charges a rate reflected on the Exchange Board at the time of purchase located in each branch.
USD - United States DollarGBP - British PoundEUR - EuroSAR - Saudi RiyalAED - Arab Emirates DirhamAUD - Australian Dollar
You would need to return the funds within 30 days of being back in the country. Bring in your passport and proof of address.
Provide your motor vehicle registration certificate (logbook) along your with ID, passport and proof of residence document.
You would need to carry their abridged birth certificates along with their passports
If you do not withdraw or give instructions to the effect, on the date of maturity the funds will be reinvested for the same period as the original investment.
Yes, you may open as many accounts as you like.
there are no additional fees for investments