The Term Deposit Form serves as the primary agreement between a Saudi Arabian financial institution and customers wishing to make fixed-term investments. This document is essential for establishing term deposits that comply with both SAMA (Saudi Central Bank) regulations and Islamic banking principles. It is used when customers wish to invest funds for a fixed period, typically ranging from one month to several years, under a Shariah-compliant profit-sharing arrangement. The form captures crucial information including deposit amount, term duration, expected profit rates, and withdrawal conditions. It's designed to meet regulatory requirements while providing clear terms and conditions to customers, incorporating necessary disclosures, risk statements, and customer acknowledgments. The document is particularly important in the Saudi Arabian context where all banking products must align with Islamic finance principles, avoiding conventional interest-based transactions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Customer Information: Details of the depositor including full name, ID/registration number, contact information, and account details
2. Deposit Details: Specific information about the deposit including principal amount, term duration, expected profit rate, and maturity date
3. Product Terms: Core terms and conditions of the term deposit, including deposit type (conventional/Islamic), currency, and minimum deposit requirements
4. Profit Calculation and Distribution: Explanation of how profits are calculated and distributed, ensuring Shariah compliance
5. Early Withdrawal Terms: Conditions and implications of withdrawing the deposit before maturity
6. Renewal Terms: Conditions and process for deposit renewal at maturity
7. Customer Declarations: Customer acknowledgments of understanding terms, Shariah compliance, and risk factors
8. Bank Rights and Obligations: The bank's commitments and rights regarding the term deposit
9. Governing Law and Jurisdiction: Confirmation that the agreement is governed by Saudi Arabian law and Shariah principles
1. Corporate Authorization: Required for corporate customers, including board resolutions and authorized signatory details
2. Joint Deposit Terms: Required for joint deposit accounts, specifying operating instructions and survivor rights
3. Special Instructions: For custom profit distribution instructions or special handling requirements
4. Tax Implications: Required for international customers or specific tax situations
5. Zakat Considerations: Optional section for customers requiring Zakat calculation guidance
1. Schedule 1: Profit Calculation Methodology: Detailed explanation of the Shariah-compliant profit calculation method
2. Schedule 2: Required Documentation: List of required KYC documents and additional forms based on customer type
3. Schedule 3: Fee Schedule: Breakdown of applicable fees and charges
4. Appendix A: Terms Glossary: Definitions of banking and Islamic finance terms used in the form
5. Appendix B: Branch Network: List of branches where the term deposit can be managed
Find the exact document you need
ACH Deposit Authorization Form
A SAMA-compliant authorization form for ACH deposits in Saudi Arabia, enabling secure electronic fund transfers through the SARIE system.
Download
Authorization To Deposit Check
A Saudi Arabia-compliant authorization document allowing a bank to deposit specified check(s) into a designated account, meeting SAMA banking requirements.
Download
Bank Money Deposit Form
A SAMA-compliant banking form used in Saudi Arabia to establish and document bank deposit relationships, incorporating both conventional and Islamic banking requirements.
Download
Term Deposit Account Opening Form
A Saudi Arabian banking form for opening term deposit accounts, compliant with SAMA regulations and Shariah principles.
Download
Foreign Direct Deposit Enrolment Form
A SAMA-compliant form for setting up international direct deposit arrangements in Saudi Arabia, including necessary banking and compliance declarations.
Download
Term Deposit Form
A Saudi Arabian banking document for establishing Shariah-compliant term deposits, outlining terms, conditions, and profit-sharing mechanisms in accordance with SAMA regulations.
Download
Request For Return Of Security Deposit Form
A formal document used in Saudi Arabia to request the return of a security deposit from a landlord or property manager following lease termination.
Download
Paycheck Direct Deposit Form
Saudi Arabian-compliant authorization form for setting up direct salary deposits into employee bank accounts, aligned with WPS requirements.
Download
Money Deposit Form
A Saudi Arabian banking form for processing monetary deposits in compliance with SAMA regulations and Islamic banking principles, serving as both a transaction record and contractual agreement.
Download
Direct Deposit Form
A Saudi Arabian compliant form authorizing automatic electronic fund transfers between bank accounts, typically used for salary payments and recurring transfers.
Download
Security Deposit Return Form
A legal document used in Saudi Arabia to record and formalize the return of a security deposit from landlord to tenant, including deposit details, deductions, and final settlement terms.
Download
Security Deposit Refund Form
A standardized form for processing security deposit refunds in Saudi Arabia, ensuring compliance with local property and financial regulations.
Download
Security Deposit Agreement Form
A Sharia-compliant agreement under Saudi Arabian law governing the terms, maintenance, and return of security deposits between parties.
Download
General Direct Deposit Form
A Saudi Arabia-compliant form authorizing employers to deposit salaries and other compensation directly into employees' bank accounts, subject to SAMA regulations.
Download
Deposit Refund Form
A Saudi Arabian compliant form for processing deposit refunds, meeting SAMA guidelines and Sharia law requirements.
Download
Cash Deposit Receipt
A Saudi Arabian banking document that serves as legal proof of cash deposit, complying with SAMA regulations and Islamic banking principles.
Download
Check Deposit Receipt
A Saudi Arabian banking document that serves as official proof of check deposit, complying with local banking regulations and Sharia principles.
Download
Bank Direct Deposit Form
A Saudi Arabian banking form for setting up automatic deposit arrangements, compliant with SAMA regulations and Islamic banking principles.
Download
Payroll Direct Deposit Form
A Saudi Arabia-compliant form authorizing employers to deposit employee salaries directly into specified bank accounts, adhering to local labor and banking regulations.
Download
Car Deposit Receipt
A Saudi Arabian legal document acknowledging receipt of a deposit payment for a vehicle purchase, outlining key transaction details and terms.
Download
Direct Payment Form
A Saudi Arabian-compliant banking form for authorizing direct fund transfers, adhering to SAMA regulations and Sharia principles.
Download
Direct Deposit Enrollment Form
A Saudi Arabia-compliant form authorizing employers to deposit wages directly into employee bank accounts under the Wage Protection System.
Download
Check Deposit Form
A standardized banking form used in Saudi Arabia for depositing checks into bank accounts, complying with Saudi Banking Control Law and SAMA regulations.
Download
Month To Month Rent Agreement
A Saudi Arabia-compliant month-to-month rental agreement template incorporating local property laws and Shariah principles for flexible tenancy arrangements.
Download
Damage Deposit Receipt
A legal document used in Saudi Arabia to acknowledge receipt of a property damage deposit and specify conditions for its return, compliant with local property laws.
Download
Security Deposit Return Letter
A formal letter used in Saudi Arabia documenting the return of a security deposit from landlord to tenant, including amount details and payment arrangements in compliance with local laws.
Download
Security Deposit Form
A Saudi Arabian legal document establishing terms and conditions for security deposits in property rental agreements, ensuring compliance with local laws and Sharia principles.
Download
Employee Direct Deposit Form
A Saudi Arabia-compliant authorization form for setting up employee salary direct deposits through the Wage Protection System.
Download
Rental Deposit Agreement
A Saudi Arabian law-compliant agreement governing rental security deposit terms between landlord and tenant, including deposit handling, deductions, and return conditions.
Download
Direct Deposit Letter
A Saudi Arabian compliant authorization document for setting up automatic electronic deposits into a designated bank account, adhering to local banking regulations and WPS requirements.
Download
Direct Deposit Authorization Form
A Saudi Arabian compliant form authorizing employers to deposit employee compensation directly into designated bank accounts, meeting SAMA and Labor Law requirements.
Download
Direct Debit Authorization Form
A Saudi Arabian banking form authorizing automatic recurring payments from a customer's account to a specified biller, regulated by SAMA.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)