Investment Certifcate

Terms and Conditions

• Minimum age: 18 years.
• Once issued, certificates cannot be refunded or used for payments until the certificate’s agreed maturity date. The customer is also not entitled to use the certificate to pay any obligations due from obtaining banking facilities except with the bank’s approval and/or to use the value to fulfil any obligation due to a third party, such as presenting checks for collection on the customer’s account.
• The binding periods of the certificate range between 13, 18, 24, 36, and 60 months, depending on the characteristics of each issue.
• The minimum amount for the investment certificate is 1,000 dinars and multiples thereof.
• The subscriber has the right to transfer ownership of the certificates they own by notifying the bank in writing on the form prepared by the bank for this purpose. If the transfer is made before the end of the certificate period, the investment returns will be allocated to the new certificate holder from the date of the last distribution of returns until maturity.
• The bank will not repurchase the certificates it issues under any circumstances.
• The annual return rate is calculated based on the actual number of days, with the year considered as 365 days. It is calculated based on the returns achieved in the bank’s investment pool at the end of each quarter.
• The bank is not obligated to accept the depositor’s request to break the investment deposit certificate before its term. However, withdrawal is permitted in special cases decided by the bank’s management. In such cases, breaking the deposit certificate requires prior notice from the customer to the bank five business days before the request. The bank has the right to make the necessary settlement to recover any excess returns that the depositor may have spent. If the certificate is broken before its term, it is treated based on the actual period it remained in the joint investment pool and will be subject to a breaking commission of 30% of the due/remaining returns.

Required Documents

• A valid identification document (civil status ID, passport, military ID/appointment certificate, Gazan ID, non-Jordanian children of Jordanian mothers ID, service card for the Syrian community).
• A document proving residency and a work permit (for non-Jordanians).
• A proof of address (a copy of the lease contract or public utility bills or apartment title deed).
• A proof of employer (salary certificate or employee card).

*Subject to Bank Terms and Conditions