Deposits and Savings
Save your money and invest it through bank accounts in Al Amal Bank that are compliant with the provisions of Islamic Sharia
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Current Account
A bank account allow clients to withdraw and deposit from the bank branches under the available balance
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Investment Funds
A bank account targeting businessmen and investors interested in aspects of social responsibility, as it allows them to open an investment fund in accordance with the provisions of Islamic Sharia in the form of investment certificates. These funds aim to contribute to supporting the bank's role in providing job opportunities and reducing poverty and unemployment rates by supporting small projects.
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Saving Accounts
A bank account that gives the customer a safe way to save his money, and the customer is allowed to move it at any time for withdrawals and deposits, and it is not subject to a specific period. At the end of each financial year, customers are given profits on their savings according to the principle of speculation that is compatible with Islamic Sharia.
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Deposits
A bank account for clients wishing to invest their money by depositing it with the bank for a period of time ranging from 3 to 12 months without moving it by withdrawal, and in return they receive annual profits according to the principle of speculation in accordance with Islamic Sharia.
The development of banking services 2017 - 2020:
- Development of the incoming remittance system on the PYes system.
- Development of the remittance system issued on the PYes system.
- Development of the purchase payment function through the PYes application.
- Development of Al-Amal Mobily services.
- Development of the remittance system issued on the PYes system.
- Development of the purchase payment function through the PYes application.
- Development of Al-Amal Mobily services.
- Recorded 135,880 savers.
- Has a savings portfolio of 13.6 billion Yemeni riyals.
- Distribution of 3.4 million transfers within social transfer projects, amounting to 92 billion riyals, an increase of 7.6% over 2018.
- Implementation of the UNICEF-funded Teacher In Emergency Incentive (ETI) on Pace, thus distributing benefits to more than 35,000 teachers.
- The launch of a check book service for legal entities, allowing partners to conduct transactions on accounts with Al-Amal Bank.
- Launch of E-Finance as part of E-Money (PYes), which is considered the first digital credit portfolio.
- The launch of Al-Amal website, which enables international and local partner organizations to manage their own accounts online.
- Internal transfers connected to some agent networks on the PYes app.
- Has a savings portfolio of 13.6 billion Yemeni riyals.
- Distribution of 3.4 million transfers within social transfer projects, amounting to 92 billion riyals, an increase of 7.6% over 2018.
- Implementation of the UNICEF-funded Teacher In Emergency Incentive (ETI) on Pace, thus distributing benefits to more than 35,000 teachers.
- The launch of a check book service for legal entities, allowing partners to conduct transactions on accounts with Al-Amal Bank.
- Launch of E-Finance as part of E-Money (PYes), which is considered the first digital credit portfolio.
- The launch of Al-Amal website, which enables international and local partner organizations to manage their own accounts online.
- Internal transfers connected to some agent networks on the PYes app.
- The volume of transactions executed on electronic money exceeded 1.8 billion riyals.
- Signing agreements to implement social cash transfers with three United Nations agencies: the World Food Program, the United Nations Development Program and the Food and Agriculture Organization.
- Registration of the Operations Department and the establishment of an independent loan and banking services authority.
- Increasing the non-financial services provided by Riyada.
- Launching the SWiFT service for the implementation of foreign transfers for the purposes of trade through Al-Amal Bank account with correspondent banks.
- Signing agreements to implement social cash transfers with three United Nations agencies: the World Food Program, the United Nations Development Program and the Food and Agriculture Organization.
- Registration of the Operations Department and the establishment of an independent loan and banking services authority.
- Increasing the non-financial services provided by Riyada.
- Launching the SWiFT service for the implementation of foreign transfers for the purposes of trade through Al-Amal Bank account with correspondent banks.
- The growth rate reached 289% in the savings portfolio, which amounts to 5.9 billion riyals.
- The year 2017 witnessed a quantum leap for Al-Amal Bank in social transfer projects, when the bank recorded a record of 1.5 million transfers valued at 26 billion Yemeni riyals.
- The ECTP program, implemented with funding from the World Bank and UNICEF, is the largest social transfer project in Yemen and around the world, and has made a big difference in the history of Al-Amal Bank.
- Create a network for all payment sites on the cloud application, thus enabling them to work as a single network and making real-time payment for all sites.
- The launch of electronic money services (PYES) as part of the local and international trends to provide banking services on mobile phones.
- Opening Al-Amal Bank accounts with foreign correspondent banks.
- Partnering with local banks and exchange companies to implement social cash transfers and liquidity management.
- Launching ARF to cover risks to the bank and reduce the impact of conflict on customers.
- The year 2017 witnessed a quantum leap for Al-Amal Bank in social transfer projects, when the bank recorded a record of 1.5 million transfers valued at 26 billion Yemeni riyals.
- The ECTP program, implemented with funding from the World Bank and UNICEF, is the largest social transfer project in Yemen and around the world, and has made a big difference in the history of Al-Amal Bank.
- Create a network for all payment sites on the cloud application, thus enabling them to work as a single network and making real-time payment for all sites.
- The launch of electronic money services (PYES) as part of the local and international trends to provide banking services on mobile phones.
- Opening Al-Amal Bank accounts with foreign correspondent banks.
- Partnering with local banks and exchange companies to implement social cash transfers and liquidity management.
- Launching ARF to cover risks to the bank and reduce the impact of conflict on customers.
