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Wakala Deposits

​Al Salam Bank - Bahrain portfolio of Wakala Deposit products is the smarter Islamic Solution to invest your money. We now offer a range of options to select from giving you flexibility and choice.

Wakala offers you a​ variety of different schemes to redeem your earnings:

  • Wakala Deposit: Under this plan you can cash your estimated profits at maturity.​
  • Wakala Plus: With this scheme you will be able to cash your profit in advance to the extent of estimated profit for the entire period​ of deposit (profit on account), which is adjusted out of the final profit.
  • Easy Wakala: Enjoy the privilege of cashing your expected profits every month.
  • Wakala Taib: With this scheme, you can make a monthly contribution of BD 50 and your expected profits will be distributed on maturity.

Features:

Competitive profit rates
Deposit tenure​sUp to 5 years
CurrencyBD; USD; GBP; EUR
Minimum customer depositBD 500; BD 50 monthly contribution of Wakala Taib

* Breakage charges (pre-closure): BD 20 profit paid at contracted rate or rate applicable for the period the deposit has run, whichever is lower.

For further information, please call our 24 hour call center on 17005500

* ​Terms and conditions apply