The Bank invests the funds of the Wakala-based investment account by entering into investments with an agreed expected profit distributed monthly based on the end of the day balance. Deposits in this account represent a participation in these investments, while withdrawals represent a partial exit from such investments.
Easy access to funds (withdrawals/ deposits)
The monthly profit is calculated based on the end of the day balance
Competitive prices for remittances in foreign currencies
Statements of account and checking account balance
Possibility of linking the account to the current account
We are the perfect choice for large deposit amounts, as we directly invest the funds on your behalf based on the Shariah principle of Wakala Investment, and in Shariah compliant assets for the specific period desired.