Is the profit earned on Investment Wakalah account consistent with Islamic principles?
Yes, the profit gained from the Investment Wakalah account is based on the principle of Mudaraba and Murabaha
What is the minimum term for Investment Wakalah account?
The minimum term of Investment Wakalah account is one month.
What is the maximum period for Investment Wakalah account?
The maximum period for Investment Wakalah account is one year.
What is the expected profit that I can earn from Investment Wakalah account?
The expected profit rate in the Investment Wakalah account varies according to the period and the amount.
Example of a profit distribution for Investment Wakalah account in SAR
Number of months
| 1
| 3
| 6
| 12
| Minimum amount
| 100,000
| 100,000
| 100,000
| 100,000
| Anticipated Profit Rate
| 1.50%
| 1.65%
| 1.80%
| 2.00%
| Number of Investment Days
| 30
| 90
| 180
| 360
| Anticipated Profit Return to the Customer
| 125
| 412.5
| 900
| 2,000
|
Example of a profit distribution for Investment Wakalah account in USD
Number of months
| 1
| 3
| 6
| 12
| Minimum amount
| 30،000
| 30،000
| 30،000
| 30،000
| Anticipated Profit Rate
| 1.30%
| 1.45%
| 1.60%
| 1.80% | Number of Investment Days
| 30
| 90
| 180
| 360
| Anticipated Profit Return to the Customer
| 32.5
| 108.75
| 240
| 540
|
What is the minimum amount required to open Investment Wakalah account?
One hundred thousand Saudi riyals / thirty thousand US dollars
Who can open Investment Wakalah account?
Currently, any individual customer of AlBilad can open the Investment Wakalah account through his account in Al Bilad Net.
Can the customer withdraw the Investment Wakalah account before the expiration of the period?
Yes, the customer can withdraw the amount in the Investment Wakalah account before the specified period ends, but there will be no profits
Are there any fees for opening Investment Wakalah account?
Currently there is no fee.
Do I have to visit the branch to open Investment Wakalah account?
No, you can only open an account through AlBilad Net.
What are the requirements for opening Investment Wakalah account?
You just need to have a current account with Bank Albilad.
Can I open more than one Investment Wakalah account?
Yes, it is possible to open up to 5 accounts in one day
What currencies can Investment Wakalah be opened in?
The Saudi Riyal / US Dollar
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