Loyalty Account

An account which is based on the principle of Murabaha. After the bank purchases the commodity from the client, a mechanism is agreed upon to pay the amounts guaranteed & owed by the bank to said client.  For the 3 years: A bullet payment of 5% per anum will be credited to client's Al Waffer, saving, Current or Call Mudharaba & then from the 13th month until 36th Month, 4% per anum paid monthly. For the 2 years: A bullet payment of 4% per anum will be credited to client's “Al Waffer, saving, Current or Call Mudharaba account then from the 13th month until 24th Month, 3.5% per anum paid monthly.

* Terms & Conditions apply