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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

Apply Now​

* ​Terms and conditions apply