Corporate / International Transfers

Misk Islamic Bank

Misk Islamic Bank offers a variety of banking services that comply with the provisions of Islamic Sharia to meet the needs of companies. These services aim to provide innovative and safe financial solutions that help customers manage their money and achieve their financial goals.

Misk Islamic Bank

International Transfers

Experience the security and speed of international money transfers with Misk Islamic Bank. We offer a seamless solution for sending and receiving funds across borders, all while adhering to the core principles of Islamic law. Our services are designed to be compatible with Islamic values, ensuring peace of mind for every transaction.

Misk Islamic Bank

The process of international financial transfers at Misk Islamic Bank:

 Submission of Transfer Request: The customer submits a request for an international money transfer by visiting one of the bank's branches or through available electronic banking services.

 Customer Verification: The bank verifies the customer's identity and required documents according to local and international regulations for anti-money laundering and counter-terrorism financing.

 Specification of Transfer Details: The customer specifies transfer details, including the transfer amount, target currency, and beneficiary's information (name, account number, beneficiary bank, etc.).

 Compliance with Sharia Principles: The bank ensures that the transfer complies with Islamic law, such as avoiding involvement in usurious transactions or unlawful activities.

 Execution of Transfer: The transfer is executed using international banking networks like SWIFT or other trusted Islamic banking networks. The bank ensures that the transaction is carried out swiftly and efficiently.

 Service Fees: The bank imposes service fees for the transfer, and these fees must be transparent and disclosed to the customer in advance. Islamic banks avoid charging interest-based fees.

Misk Islamic Bank

Features of international financial transfers at Misk Islamic Bank:

 Compliance with Islamic Sharia: Transfers are conducted in accordance with Sharia principles, ensuring that transactions are lawful and permissible.

 Speed and Efficiency: The bank ensures that transfers are completed swiftly and efficiently using modern technology and reliable international banking networks.

 Transparency: The bank provides clear information about service fees and any additional costs, ensuring that there are no hidden fees.

 Security: The bank employs modern security techniques to protect financial transactions and ensure that funds reach the beneficiary securely.

Misk Islamic Bank

Required Documents for International Financial Transfers:

 Customer Identification: Valid passport or national ID card.

Beneficiary details: full name, account number, bank name, bank address, SWIFT or IBAN code.

Reason for transfer: Explain the purpose of the transfer (such as paying education fees, importing goods, etc.).

Misk Islamic Bank

Procedural steps

Visit the branch or use the electronic service

The customer can visit the branch to submit a transfer request.

Filling out the transfer form: The transfer form is filled out with the required information and submitted with the necessary documents.

Payment of service fees: The customer pays the service fees required to transfer the amount.

Obtain transfer confirmation: The customer receives confirmation that the transfer has been completed, including the transfer number and transaction details.

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