e-Services
Downloads
Media Center

     Current Accounts

     Mudaraba Investment Accou...

     TAQSEET Finance

     Schedule of Fees and Char...

     Actual Declared/Paid Prof...

     Al Barakat Saving Account

     Credit Card

Individuals   

Savings Accounts
 

Savings Accounts are designed specifically to meet the needs and requirements of customers who authorize the bank to invest their deposited money. Customers can deposit or withdraw funds at any time.  Profits are calculated monthly at the rate advertised by the bank. The level of the participation in profits at Al Baraka Islamic Bank makes this account the best of its kind in the market. This account has many features and benefits, including:

  • Free ATM card.
  • The use of ATM card to pay for purchases at most of the companies, retail outlets, shops and stores in all countries.
  • The use of ATM card in all GCC States through the Gulf ATM network, as well as in all other countries.
  • A detailed account statement every three months.
  • Transfers between accounts through (ATM Al Baraka).
  • Free payment of the bills of telephone, electricity and water bills through the cash tellers.
  • Local and foreign remittances service.
  • Monthly standing order deductions in favour of charities and charity funds without charging any fees.
  • Regular monthly transfers for the account.
  • Profits are calculated on the daily balance and are deposited in the account at the end of every calendar month.
  • The account may be opened in different currencies (Bahrain Dinar, US Dollar).
  • Minimum balance to open an account =  BD 10/- or equivalant.
  • Legal age to open an account above 18 years.
  • Account possible be opened for children under 18 years. 
  • Subject to the provisions thereof, deposits held with the Bahrain office of Al Baraka Islamic Bank B.S.C (C) are covered by the Deposit Protection Scheme established by the Central Bank of Bahrain regulation concerning the establishment of a Deposit Protection Scheme and a Deposit Protection Board.

For more information, please visit any of our branches, or contact our call center on: 13 300 400 

 


* Terms and Conditions apply

  Last Updated:12/08/2014
  About Al Baraka
Al Baraka Islamic Bank - Bahrain (AIB - Bahrain) established 1984 in Bahrain and up the years has pioneered the development of Isl... read more>>

  Individuals
Current Accounts: On demand accounts are not entitled to receive profits but do not bear any loss either. They are designed speci... read more>>

  Commercial & Corporate
Murabaha is an Islamic form of asset financing and has a fixed term and a pre-determined profit. In a Murabaha the bank buys a spe... read more>>
     
© Al Baraka Islamic Bank B.S.C. (C) (Licensed as an Islamic Retail Bank by CBB) All rights reserved Follow us on: