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Mudaraba Investment Accounts
 

This high yield account enables customers to deposit specific sums of money with the bank throughout the year for specific periods of time (one month, 3 months, 6 months, 9 months or 12 months) with the option to withdraw profits at specific times. The bank will invest these funds and the profits will be shared between the bank and the customer in accordance with the agreement signed between the two parties and the provisions of Islamic Sharia. The account may be opened in Bahrain Dinar or the US dollar. This account helps to protect customer's income and allows the sharing in profits in accordance with the principles of Islamic Sharia. The investor receives a certificate indicating the details of the investment.

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>>

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