Commercial Account at Al-Salam Capital Bank is specifically designed as an essential tool for managing funds in the business environment, providing numerous advantages to facilitate financial operations, support business growth, and ensure prosperity.
Features:
- Efficient cash flow management for companies, enabling easy receipt of income, bill payments, and salary.
- Centralized account for executing purchase, sale, and fund transfer operations, simplifying trade and financial settlements.
- Facilitates tracking expenses, revenues, and other financial transactions, making accounting and financial reporting processes easier.
- Access to financing and credit services such as commercial finances and credit lines to support company growth.
- Online banking services for easy and secure management of accounts and online transactions.
- Separates company accounts from personal accounts, in order to protect personal assets from the financial liabilities of the company in case of financial issues.
- The account can be opened in Yemeni Rial or foreign currencies such as US Dollar, Saudi Riyal, and other currencies.
- ATM card issuance.
- Cash withdrawal from ATMs.
- Compliant with the regulations and guidelines of the Sharia Supervisory Board.
Requirements:
- Completion of necessary account opening forms.
- Signature of authorized individuals on the account opening agreement.
- Account opening formal letter with the signatures of authorized individuals.
- Valid commercial registration.
- Valid business license.
- Valid identification of the business owner.
- Valid identification of the authorized individuals on the account.
- Identification of shareholders owning 10% or more.
- Notarized memorandum of association from official authorities.
- Notarized internal system from official authorities.
- Officially signed letter specifying the format of the official stamp used by the entity.
