Welcome to Dar Al Sekkah Finance

To open a bank account, visit the bank’s branch or apply online. You will need to provide identification documents, such as a government-issued ID, proof of address, and sometimes an initial deposit.

A credit score is a numerical representation of an individual’s creditworthiness. It is important because it impacts your ability to get loans, credit cards, and favorable interest rates. A higher credit score indicates a lower credit risk.

A debit card is linked directly to your bank account, and purchases are deducted from your available balance. A credit card, however, allows you to borrow money from the card issuer up to a credit limit. You need to repay the amount borrowed by the due date to avoid interest charges.

To protect yourself from fraud and scams, avoid sharing personal information like passwords or PINs, be cautious with unsolicited emails and phone calls, regularly review your bank statements, and report any suspicious activity to your bank immediately.

An overdraft fee is charged when you spend more money than you have available in your account. To avoid overdraft fees, keep track of your account balance, set up account alerts, and consider opting out of overdraft protection if your bank offers that option