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Al Taif Islamic Bank Announces New Deposit Conditions Amid Liquidity Crisis
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Al Taif Islamic Bank Announces New Deposit Conditions Amid Liquidity Crisis

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Sep 25, 2026 1 min read
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mniraq - Al Taif Islamic Bank announced a new set of conditions for breaking deposits, citing a severe financial liquidity crisis. The bank stated that customers will receive their profits for 2024 and half of the profits for 2025, but no profits will be disbursed for 2026. The bank noted that new settlement contracts will be arranged for those wishing to continue, warning that previously received profits will be deducted if a customer decides to break the deposit before the end of the current year.