Savings Account

Savings Account

Savings Account

With our Savings Account, you can experience an equal and beneficial partnership. When you deposit your savings with Al Baraka, we invest your money, calculate the monthly expected profits, and share that result with you at the end of every calendar month. You keep the freedom to deposit or withdraw funds at any time. Through this partnership, Al Baraka invites your participation, as we work together to reach our common goals.

  • Benefits include:

    • Free ATM card, usable in any country.
    • Free account statement every three months.
    • Transfers between accounts with ATM Al Baraka.
    • Free online banking access to view your account balance, statement, utility payments, Fawri/Fawri+ transfers and more.
    • Local and foreign remittance service.
    • No fees on monthly standing orders for charity donations.
    • Regular monthly transfers (standing order).
    • Profits calculated and deposited in account at end of every calendar month.
    • Can be opened in Bahraini Dinar.

  • You are eligible if you have a minimum balance of BD 20/- or equivalent, are 18 years old, or are opening an account for a child under 18 years old. Deposits held with Al Baraka Islamic Bank in Bahrain are covered by the Deposit Protection Scheme.

     

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