They are on-demand accounts that do not participate in profits and do not bear losses. The bank charges expenses for the services provided to these accounts. Current account holders have the right to deposit funds in cash, checks, or transfers, and withdraw funds in cash through bank branch tellers, ATMs or points of sale. This account is available to individuals, companies, private institutions, social organizations, clubs, and others.
This account has several features, including:
1. Check book.
2. A free ATM card, and its advantages:
-Using the ATM card to withdraw money through the Al-Baraka ATM or the Sudanese network ATMs, in addition to the networks of other countries such as the Kingdom of Bahrain, the State of Qatar, Egypt and Lebanon.
Paying the value of purchases with institutions and shops in Sudan through points of sale.
3. Detailed quarterly account statement (free of charge) or upon request.
4. Account standing orders.
5. Internal and external transfers service.
6. The possibility of opening the account in different currencies (Sudanese pound, Saudi riyal, UAE dirham, US dollar, British pound and Euro).
For more information, please visit one of our branches
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Profit savings accounts
Profit savings accounts are specially designed to meet the needs and requirements of customers who authorize the bank to invest their deposited funds on the basis of mudaraba. Its dealers can deposit or withdraw funds at any time, and profits are calculated every six months on the basis of the lowest balance during the month.
Savings accounts without profits
Saving accounts without profits are not participating in the profits and do not bear the losses and the bank does not charge them for bookkeeping expenses.
Savings accounts have several advantages, including:
1. Free savings book.
2. A free ATM card, and its advantages:
- Using the ATM card to withdraw money through the Al Baraka ATM or the Sudanese network ATMs, in addition to the networks of other countries such as the Kingdom of Bahrain, the State of Qatar, Egypt and Lebanon.
Paying the value of purchases with institutions and shops in Sudan through points of sale.
3. Account statement (upon request).
4. Account standing orders.
5. Internal and external transfers service.
6. The possibility of opening the account in different currencies (Sudanese pound, Saudi riyal, UAE dirham, US dollar, British pound and Euro).
For more information, you can visit one of our branches.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Documentary credit is one of the most important means of payment for the completion of foreign trade transactions. A documentary credit represents a pledge by the bank to open the credit at the request of the importer, whereby he is obligated to pay the value of the import documents submitted to him by the bank with which the credit is opened for the benefit of its exporting customer, who is the beneficiary in accordance with certain conditions and controls included in the credit. Thus, accreditation is a factor of reassurance for both the exporter that he has received the value of his goods after they have been shipped, and for the importer that the goods conform to the specifications he wants.
Documentary credits are of two types:
1) Inform:-
It is the undertaking of the bank that opened the credit to pay the value of the goods, provided that the documents indicating the goods are matched with the terms of the credit, and at the same time an authorization from the bank that opened the credit to the bank by debiting the amount of the credit from its account upon receiving from the beneficiary the documents that conform to the terms of the credit.
2) Deferred documentary credits: -
It differs from sighting credits in that the beneficiary gives the importer an additional payment period so that he can release the goods before the payment is executed, and this is usually done by the importer signing a bill of exchange in favor of the beneficiary with the value of the credit, specifying a later date for payment according to the agreement between them. Automatically, the issuing bank is responsible for paying that bill of exchange, even if the importer does not pay it when it becomes due.
Preparing the necessary documents for import, the most important of which is the import quota if the instructions of the competent authorities require it as a kind of rationalization of import operations to determine the quantities and items allowed to be imported within the limits of economic conditions.
Reviewing the client’s request to open the credit: (import license, pro forma invoice, etc……).
Data required from the client to open the accreditation:
Determine the method of opening the credit.
- Determine the name of the correspondent in the country of the beneficiary.
Determine the type of link in the accreditation.
The name of the supplier (the beneficiary) must be complete and clear, as well as his address.
- The value of the accreditation in numbers and letters and the type of currency.
Marine sales contracts.
- Validity of the accreditation.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
In the field of import operations, Al Baraka Bank Sudan pays the value of imports in the following ways:
1. Letters of credit briefed.
2. Letters of credit accepted.
3. Documents against payment.
4. Documents for acceptance.
5. Advance payment.
Import credits (information/acceptance)
Al Baraka Bank Sudan is always ready to deal with all requests related to opening documentary credits, to import raw materials, capital goods and consumables for local consumption.
The Bank offers its clients short and long term facilities in order to finance their commercial activities. These facilities may be provided in relation to capital goods of machinery, equipment, raw materials and merchandise by way of credits, deferred or unconfirmed, for payment or upon sight.
Steps for issuing a letter of credit
1. The customer submits to the bank an application expressing his desire to issue a documentary letter of credit specifying the terms and deadlines and attaching a valid initial invoice and a copy of the exporters and suppliers register.
2. The bank studies the application, determines the cash margin and the guarantees required to ratify the issuance of the letter of credit.
3. The bank issues the documentary letter of credit after the cash margin is satisfied and the customer has submitted the guarantees and the marine insurance document.
4. The bank charges a fee for the documentary credit.
import
Al Baraka Bank Sudan is always ready to deal with all requests related to documentary collections, except for documents against payment or documents against acceptance, for importing raw materials, capital goods and consumable materials for local consumption. Provided that the customer has a valid record of exporters and suppliers.
outgoing
1. Letters of credit briefed.
2. Letters of credit accepted.
3. Documents against payment.
4. Documents for acceptance.
5. Advance payment.
6. Under sale.
Al Baraka Bank Sudan is always ready to deal with all export operations after the customer submits a valid export contract explaining the method of paying the value of exports approved by the Ministry of Foreign Trade with a copy of the valid exporters and importers register.
For more information, you can visit one of our branches.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
1. Internal Transfers:
Al Baraka Bank provides remittances service inside Sudan by the following means:
Through the bank's electronic network, which is characterized by speed.
Issuance of bank checks.
2. External remittances
Al Baraka Bank provides remittances service outside Sudan via the SWIFT network through correspondent banks outside Sudan that cover many countries. We also receive remittances from abroad through a network of correspondents.
For more information, you can visit one of our branches.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
These accounts enable customers to deposit specific amounts of money with the bank throughout the year and for specific periods, with the possibility of withdrawing part of the profits monthly under the account, and the final profits and losses are settled at the end of the year. The bank invests these funds in accordance with Islamic formulas, and profits are distributed based on the agreement signed between the two parties and in accordance with the provisions of Islamic Sharia. The account can be opened in Sudanese pounds or in US dollars. This account allows to earn profits in accordance with the principles of Islamic Sharia. The investor obtains a certificate of the deposit indicating the details of the investment.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
It is offered to all Al Baraka Bank Sudan customers for free (the first version). When purchasing or withdrawing cash, the customer's account is debited with the transaction appearing in the account statement. Therefore, sufficient balance should be available to cover the value of the withdrawal or purchase.
The maximum number of daily withdrawals is 5 times.
Take advantage of the point-of-sale services available in shops, hotels and restaurants to pay for purchases.
The possibility of issuing an additional card (with the possibility of setting withdrawal limits and the number of withdrawal times at the request of the account holder, provided that it does not exceed the maximum limit and the maximum number of daily withdrawals).
Obtaining a short statement of account for the last six transactions.
The ability to change your password at any time.
Balance inquiry.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
(Al Baraka Net) Internet Banking Service
"Al Baraka Net" is one of the additional banking channels that the bank provides to its clients to enable them to carry out their banking transactions around the clock and from anywhere in the world.
Al Baraka Net is characterized by flexibility and ease of use through all browsers such as Explorer, Firefox and Safari, in addition to:
Review the account balance.
Or download the monthly statement of account in PDF EXEL format.
Make transfers between your accounts and soon to any other account in Al Baraka Bank Sudan
Monitor daily exchange rates.
Request an additional check book and ATM card.
· Inquiries about clearing checks.
Reporting the loss of the ATM card or the loss of a check.
Request to issue a letter of credit/guarantee and collect bills of exchange and related reports.
Status report
View your previous transfers.
public services:
Financial calculator
Secure Messaging with the Bank
Report lost documents (cheques, bank cards)
View and update your address and contact details.
To obtain the Al Baraka Net service, please follow the following:
Fill out the online banking service application through the customer services officer of your branch.
Your secure password will be sent to your branch.
Before you start using "Al Baraka Net", we kindly ask you to make the following notes:
Please do not disclose your "Al Baraka Net" password to anyone who was a relative, friend, or bank employee.
Memorize your secret numbers and do not write them down.
Do not rely on anyone to carry out your banking transactions on your behalf.
If you feel that someone knows your password, change it immediately through Albaraka Net.
Pay attention to suspicious correspondence and always make sure that you are on the official website of Al Baraka Bank www.albaraka.com.sd.
Avoid accessing your account through the "Al Baraka Net" service through public computers.
Do not respond to suspicious communications that ask for personal information about you such as your ID number, ATM card number, or your password. We also assure you that Al Baraka Bank will not send you any message asking you to submit personal information.
Make sure you have up-to-date anti-virus and anti-cheat software and always working properly on your device.
For security reasons, when you leave "Al Baraka Net", please press "Logout" and not just close the site page on the screen.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Al Baraka SMS service is a new addition to the electronic services offered by Al Baraka Bank of Sudan in the Sudanese banking market. It allows customers to receive short messages on their mobile phone as well as via e-mail, including data on banking movements that are carried out on their accounts with the bank, in addition to information on the latest developments about the services and products that the bank provides to its customers.
Al-Baraka messages service is the easiest and best way for customers to follow up on their accounts and know the operations that were carried out on them wherever they are, without the need to visit the branch or wait for the account statement to arrive in the mail.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Dear Al Baraka Bank customers, can use the ATM card at points of sale in various commercial outlets within the state of Khartoum.
Service Features:-
Use your bank card of Al Baraka Bank or other banks
More than 50 different locations for points of sale within the state of Khartoum.
Use the points of sale to pay your purchases up to EGP 50,000 per day
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Al Baraka mobile application comes as a new and innovative dimension in electronic banking services in terms of the diversity of services available and ease of use in addition to the attractive browsing, which is specially designed to suit the segment of Android users. Banking operations will be at all times and places as long as your mobile phone is with you.
Advantages:-
Account Balance Inquiry
mini account statement
buy electricity
Buying telecommunications recharge cards
Transferring between customer accounts via mobile phone
Transfer to the beneficiary’s account (the sender and the beneficiary are both clients of Al Baraka Bank)
Transferring to the mobile phone banking service customer.
Transfer to a direct debit card Al Baraka Bank
Transfer via mobile Receipt from the branch counter
Mobile Program Terms and Conditions:-
resources/uploads/files/Privacy Policy.pdf
download:-
https://drive.google.com/file/d/1D1z2ZmQGNs4ZLrjAzjfLbGy60WJsppa7/view?usp=drivesdk
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Al Baraka Bank of Sudan launches the distinctive investment deposit system on the basis of Mudaraba, and the distinctive investment deposit account combines the two characteristics of the current account, which is characterized by flexibility, with the feature of the mudaraba investment account, which is the joint profit according to the Islamic mudaraba system. limits and at the same time gets an expected profit every month under the account
Advantages:-
1) The deposit funds are invested in accordance with the provisions of Islamic Sharia.
2) It is calculated on the basis that there is no minimum or maximum for the premium deposit.
3) The Premium Deposit account has the ability to withdraw and deposit.
4) The Premium Deposit account is linked with the customer’s current account to cover the current account balance deficit when meeting any obligations and vice versa, using a technically perpetual payment order system without manual intervention, within the framework of compliance with the limits determined by the deposit owner.
5) Profits are calculated for the Premium Deposit account on the basis of the average daily closing balance during the deposit period, provided that the balance is not less than the minimum deposit set by the depositor.
6) That the monthly advance is owed to the profits at a rate of 1%, similar to other investment deposits, and the liquidation takes place every 3 months.
7) Profits are granted on the number of days the deposit was kept inside the container, without specifying a minimum number of days.
8) The term of the deposit ranges between 3 months, 6 months, 9 months and 12 months.
9) The deposit's profits are calculated on the basis of its participation at 90% of its value, so that the bank can provide the necessary liquidity to cover in both cases.
10) The contract shall not be terminated before its expiry date unless one of the parties notifies the other at least one month in advance.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
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