What is a Participation Account?
It is the type of account in which your savings are used in the financing of industry, trade and service sectors within the framework of the sense of interest-free banking, in line with the principles of participation banking, and the income is shared between Safe Home and the account holder within the framework of profit-loss sharing.
Why Should I Use Participation Account?
Let your savings in IQD and USD participation accounts both be secured by Safe Home and benefit from the profits obtained by using interest-free funding methods.
- You can open your participation account with a starting limit of at least 10.000 USD and equivalent IQD.
- You can open your participation accounts with a term of 1 month, 3 months, 6 months, 1 year or more than 1 year.
- You can use your participation account together with your principal and profit share on due date.
- Profit and loss participation rates that are valid at the moment the participation account is opened are recorded in the account books. These records remain valid until the date of maturity after the account is opened.
