Al Namaa Savings Account is a great investment avenue for depositors who wish to earn halal returns on their investments. By investing in the Bank’s Al Namaa Savings Account, the depositor (Rabb ul-Mal) authorizes the Bank (Mudarib) to invest his/her funds under the unrestricted Mudarabah contract. The Bank invests these deposits in its Mudaraba pool along with other deposits and the equity. The profit on the Mudarabah pool is distributed amongst investors, taking into consideration the tenor, amount of the deposit and profit payment frequency for the account.
Both, long and short term investment opportunities are available by investing your money with Ahli Islamic Banking Services Sharia compliant Term Investment Account, in order to earn Halal profit, based on Shari’a principles.
Ahli Islamic Savings Account provides you with flexibility to manage your savings in a Sharia compliant way, while at the same time maximizing the returns.