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Umnia Bank launches its first investment deposit contract

Umnia Bank is pleased to announce the signing of the first investment deposit agreement on June 12, 2019. This new investment product complements Umnia bank’s offering and establishes its position as a universal reference bank, thus meeting the strong demand from customers who aspire to productive savings.

The operation of the investment deposit, based on the principles of the “Mudaraba”, where the client acts as an investor and the bank as a manager, is aimed at private customers, professionals and businesses with savings that they want to grow in a responsible manner and in accordance with the advice of the Chariâa Committee for Participatory Finance.

Investment deposits contribute to the emergence of ethical savings that contribute to the development of the national economy through the bank’s financing portfolio. The yield of the portfolio is thus shared between the customers and the bank according to a breakdown agreed upon at the time of signing the contract.

To learn more, educational videos are available on the website: www.umniabank.ma. The customer relations center, available at 0522646264 as well as Umnia Bank branches located throughout the Kingdom are at the disposal of customers to answer all their questions.

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