Special investment term deposit certificate (general) is issued by banks and credit institutions in exchange for opening a special investment term deposit (general).

Primary market

Since in the initial offering of the certificates, the profit-making activity of the certificates has not yet been realized, their initial offering at a price different from the nominal price is not permissible.

Bond Guarantee

In the general investment deposit certificate, the guarantee of the bank as a lawyer or any third party is valid for the principal of the nominal amount of the certificates.

Rate of Return in Bonds

The on account rate of return for certificate of deposits is not permissible and it is necessary the definite profit or loss due to profit-making activities at certain times to be calculated and paid to the holders of the certificates if there is any profit.

The Underlying Asset of Bond

Since there is no a permit for re-trading the Salam before maturity, the resources obtained from the general investment deposit certificate shall not be used to provide facilities in the form of the Salam Bey’a contract.