alburaq Savings+
Shari’a-compliant savings, with higher flexibility.
With alburaq Savings+, you can grow your savings through a Shari’a-compliant account while keeping your money accessible when you need it.
Available in BHD and USD, the account offers an expected profit rate of up to 2.60% p.a., with profits distributed monthly, and can be opened and managed entirely through the ila Bank app.
Earn competitive profit rates
The expected profit rate you receive is based on your monthly average balance.
•2.60% p.a paid monthly for alburaq customers when your monthly average balance is BHD 3,000 or USD 8,000 and above
•When your monthly average balance is below BHD 3,000 or USD 8,000 expected profits are 0.05% p.a.
Profits are distributed monthly, giving you the opportunity to grow your savings while maintaining the flexibility to access your funds.
How your qualifying balance works
Your monthly average balance is calculated using the daily closing balances held in your alburaq Savings+ account throughout the month.
Flexible savings, always in your control
alburaq Savings+ keeps your funds accessible and gives you simple ways to manage and move your money whenever you need to.
•Dedicated IBAN for your alburaq Savings+ account
•Send and receive money directly through BenefitPay
•No lock-in period for the amount
How to open an alburaq Savings+ Account?
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