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Wakala Accounts

​Al Salam Bank - Bahrain portfolio of Wakala Account 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​: 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 Jawhar: With Wakala Jawhar scheme, you can choose from one of three tier packages and you will receive competitive expected profit rates for a fixed period of 3 or 5 years on your monthly contribution. Click here to learn more.

Features:

Competitive profit rates
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​, whichever is lower.

For further information, please contact our customer care center on 17 005500.

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* ​Terms and conditions apply