Compare savings & fixed deposit rates in Sudan
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★★★★☆
Licensed commercial bank, listed on the Central Bank of Sudan commercial bank locator
Licence
Available through Bank of Khartoum branches and digital channels, subject to regional disruption
Coverage
Short-term saving inside the banking system rather than in cash
Best For
bank
Type
Pros
- Explicit mudaraba profit-sharing structure: funds are pooled and invested, and profit is shared at year end based on your lowest monthly balance
- The bank states there is no monthly maintenance fee on the account
- Accessible through the Bankak app, ATMs and branches
Cons
- Service availability varies by region and can be interrupted; branch access has been disrupted since April 2023
- Returns are not fixed or guaranteed and no indicative profit rate is published, so you cannot compare the return before opening
- Severe currency depreciation can outweigh any profit share on an SDG balance
Fees, eligibility & documents
Fees
Monthly maintenanceThe bank states there is no monthly maintenance fee
Minimum opening depositRequired; the bank states the amount varies by branch
International transfersThe bank states some services such as international transfers may be charged
Eligibility
- A government-issued ID is required
- An initial deposit is required, with the amount set by the branch
Documents needed
- Government-issued national ID or passport
- Initial deposit
