Wakala-based investment account

Wakala-based investment account

Wakala-based investment account
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.

Features

  • 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

Other Products

  • Corporate Current Accounts

    Corporate Current Accounts

    A current account is your most convenient and flexible way to complete your banking transactions.
  • Wakala Investment and Deposit Account

    Wakala Investment and Deposit 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.
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