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| Personal Banking |
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Accounts |
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Modaraba Account |
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The Modaraba Account functions under the principle of unrestricted Modaraba (Al-Mutlaqa), in which the investor (Rub-Al Mall) provides capital. The bank (Modarib) provides expertise for the investment of capital to earn halal (lawful) profits, which will be divided between the two parties in agreed-upon ratios.
This account is ideal for those who are saving for a specific goal, such as holidays or education, or would like to enjoy periodical payments of a highly secured investment.
The account offers a wide range of investment period options. Just remember, the longer the time period and the more you invest, the more rewarding your returns. Just sit back and enjoy!
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| Features |
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Your account can be opened as an Individual; Joint Personal; Sole Proprietorship; Body Corporate account, or in the name of any other legal entity. |
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Your account may be opened in Bahraini Dinars or United States Dollars. |
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Competitive indicative profit rates. |
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Automatic renewal option. |
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Different deposit terms. |
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| Account key benefits |
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Free chequebook facilities, with two size options. |
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Free monthly statement of account. |
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Professional investment advice. |
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Monthly profit payments. |
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| Download and Print |
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Account Opening Application Form |
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Change Account Details Form |
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| Steps : |
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Download the form |
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Print the form on standard A4 paper |
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Complete the form |
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Prepare supporting documents (For account opening only) |
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Prepare initial deposit (For account opening only) .Please refer to respective product pages in website for details on required initial deposit or click here for Schedule of Charges |
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Visit our nearest branch to submit the form and proceed with your request Click here for list of branches |
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| Note: The applicant is required to sign the needful documents (i.e. terms and condition, application form) during his visit to the branch |
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| For more information, please contact our Call Centre or any of our Outlets. |
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Online Chat is available
from 7:30 AM to 6:30 PM,
SAT-THU
click here to start live chat |
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| PROFIT RATES (%) : 2011 - 2012 |
| Tenor |
Nov |
Dec |
Jan |
| 1 month |
2.25 |
2.25 |
2.00 |
| 3 months |
2.80 |
2.80 |
2.75 |
| 6 months |
3.25 |
3.25 |
3.00 |
| 1 year |
3.50 |
3.50 |
3.50 |
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13 303030
Call Centre |
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