Bank of Khartoum Begins Refunding Deducted Amounts to Customers
Bank of Khartoum announced it has begun refunding all amounts deducted on January 29, 2026, directly to customers’ accounts, reaffirming its commitment to transparency, protecting depositors’ rights, and strengthening confidence in the banking sector.
In its first explanatory statement following the deductions controversy that sparked widespread debate and objections, the bank said the previous deductions were made in favor of the Bank Deposits Guarantee Fund in compliance with the law and based on a ruling by the Higher Sharia Supervisory Authority. The measure, it said, was applied across all banks operating in Sudan.
The bank explained that the classification of deposits was based on the fund’s request and Sharia regulations. Under these rules, banks bear the cost of guaranteeing current accounts and similar accounts, while the cost of guaranteeing investment accounts based on mudaraba is borne by depositors, as guaranteeing the capital of mudaraba investments is not permissible under Sharia.
The bank stressed that the deducted amounts were periodically transferred to the fund without generating any financial benefit for the bank, noting that its role was limited to implementation within legal and Sharia frameworks aimed at protecting depositors.
The bank also announced its compliance with new directives issued by the Central Bank of Sudan on February 3, 2026, pledging to fully cover the costs of guaranteeing savings accounts from its own resources on behalf of customers.
