Looking for something?

It’s super simple. Just download the ila Bank app on your iOS or Android mobile phone. Then, answer a few quick questions. You’ll need one Bahraini ID and a selfie and you must be:
- Living in Bahrain
- 18 years or above
Once your account is open, you can access it anytime, anywhere through the app.

New customers will have the option to open either ila or alburaq. Existing ila customers can open an alburaq account from the Settings menu.

Yes, you will be able to add your alburaq account and debit card to BenefitPay and other payment wallets which are enabled for ila customers.

All you need is a Bahraini ID.
Documents that you can use:
- Valid Bahraini Identity Card - CPR
- Valid Bahraini Passport (for Bahraini citizens only)

In most cases, it takes only a few minutes to open your alburaq account. However, depending on the documents provided or if any information that needed to be shared with us is missing, there is a possibility of some delay.

You can add money in a matter of seconds to your alburaq account, in four different ways:
- Transfer directly from your ila account, if you already have one
- Add money from your existing bank debit card
- Transfer through Benefit Pay
- Transfer through Wire Transfer
- Make a Cash or cheque deposit at an ila ATM when you receive your debit card

Yes you can, your account number is the 14 digits after "ABCO" in your IBAN.

alburaq classic debit card will be available with a new Islamic design for alburaq customers.

Head over to the "Cards" section, and click the "Order Card" button. A minimum account balance may be required to order a card.

We do not issue virtual debit cards for alburaq.

Your alburaq card is a regular debit card. You can use it for all eCommerce transactions, Benefit Gateway and BenefitPay app transfers, and add to other wallets such as Apple Pay, Fitbit, etc. You can also use it to top-up your wallets, order your food delivery. Your alburaq debit card is accepted in ATMs and POS terminals in Bahrain and anywhere in the world that accept Mastercard. Your alburaq debit card is also enabled for contactless transactions.

Yes, customers with both ila and alburaq accounts can have both debit cards.

If you’ve misplaced your card, freeze it instantly from the ‘My Cards’ section – then unfreeze it just as easily once you’ve located it. If your card is lost, stolen or damaged, simply select the option to block your card and order a new one using the app.

You can easily change your card PIN number on your app. Select your card in the "Cards menu" and select "Manage Card PIN". You can also change it through ila ATMs.

Yes, you can select any combination of your names and initials to appear on your Card.

Premium segment will not be available for alburaq customers.

Yes, existing ila Premium customers will enjoy the same foreign exchange rates, better Wakala rates and discounted fees and charges, but without having Premium alburaq Debit card.

No, premium segment will not be available for alburaq customers.

No, customer will not be issued a new World Debit card for alburaq premium relationship.

A Wakala investment is an Islamic banking product that would provide customers with the opportunity to invest their funds for a definite period and earn Shari'a compliant profit on these investments.

All alburaq customers can create a Wakala investment account.

You can create a Wakala investment in Bahraini Dinar (BHD) and US Dollar (USD) currency.

The minimum amount required to create a Wakala investment is BHD 1,000 or USD 2,500.

We offer Wakala investments with tenors starting at 1 month and up to 12 months.

The profit on your Wakala investment will be paid on its maturity or on the date when you withdraw your deposit earlier than its maturity.

You can easily create a Wakala investment from the ila Bank app. On the main screen, tap on the "Savings" section and tap on "Wakala Investment". Our instructions will guide you on how to easily create a Wakala Investment.

Auto-renewal is a feature that would allow you to renew your Wakala investment automatically at maturity for the same term. Please note that the anticipated profit rate would be updated automatically.

Auto-renewal of your Wakala Investment would be available at the beginning. You could also choose to renew your Wakala Investment at a later stage by using the Wakala 'Settings' menu.

Yes, you can change the auto-renewal settings from the Wakala investment 'Settings' menu at any time before its maturity.

Your Wakala Investment would be renewed automatically unless you switch off the auto renewal.

You will not be able to modify the investment amount on automatic renewal. You can choose to auto-renew either the original investment amount or the maturity amount.

If you withdraw the investment before maturity, we will use the profit rate for the completed period. This will be reduced by 0.50% and an early withdrawal fee as per the schedule of fees and charges will be applied. If the customer withdraw the Wakala Investment before 30 days from the time of creating the Wakala Investment, the profit rate will be 0.05% for BHD Wakala and 0.10% for USD Wakala.

You cannot withdraw a partial amount from your Wakala investment.

A customer can create multiple Wakala Investments in any of the offering currencies.

No, any funds deposited as Wakala investment through alburaq will not be guaranteed by ila to comply with Shari’a principles, unless there was negligence, misconduct, or violation of the Wakala terms and conditions by the Wakeel (i.e., ila).

No, Wakala profit will not be guaranteed in all cases to comply with Shari’a principles.

ila Bank will invest the Wakala investment deposits in a common pool of Shari’a compliant investments on unrestricted basis, completely segregated from conventional assets.

On the maturity date of the Wakala investment, the Wakil shall distribute the initial Wakala investment and realized profit generated from the pool of Shari’a compliant assets.

We offer Wakala investments with tenors starting at 1 month and up to 12 months.

Yes. alburaq Personal Finance is fully compliant with the principles and rules of Shari’a and is based on a Commodity Murabaha structure. Through its Islamic banking brand, alburaq, ila Bank is committed to adhering to Shari’a principles and providing products and services that comply with Islamic banking requirements, while also meeting all applicable legal and regulatory obligations.

Commodity Murabaha is a Shari’a-compliant financing arrangement where the Bank purchases commodities and sells them to you at a disclosed price that includes the original cost and an agreed profit amount. You then repay the sale price in instalments over the agreed financing period.

• You sign a Master Murabaha Agreement with ila Bank and a Master Agency Agreement authorising a Selling Agent to sell the commodities on your behalf.

• ila Bank through its Commodity Trader purchases commodities and sells them to you at an agreed price.

• You repay the agreed amount through monthly instalments over the financing period.

No. The profit rate is fixed at the start of the contract and remains unchanged throughout the financing period.

The Selling Agent acts on your behalf to sell the commodities purchased as part of the Commodity Murabaha transaction, completing the financing arrangement.

Bahraini and non-Bahraini nationals living in Bahrain who are salaried, self-employed or pensioners.

• Minimum age 21

• Max age at maturity: Bahraini 65, non-Bahraini 60

• Min gross income: Bahraini BHD 400, non-Bahraini BHD 1,000, self-employed BHD 2,000

• Min employment 3–6 months depending on employer type

• Minimum BHD 1,000

• Tenure from 6 months to 7 years

• Income verification (payslips, salary certificate, 3 months' bank statement, or eSalary code for government employees)

• Salary Transfer Letter

• Outstanding Balance Certificate and No Due Certificate (for buyout only)

Electronically via DocuSign in the ila Bank app. If you cannot sign digitally, contact the Contact Centre or visit a Service Centre for assistance.

An administration fee of BHD 110 (inclusive of VAT) is charged when the loan is credited to your account. Other applicable fees and charges can be found in the Schedule of Fees and Charges.

Your monthly instalments are automatically deducted from your alburaq account on the due date. If an instalment is missed, applicable fees and charges may apply. Please refer to the Schedule of Fees and Charges for more information.

Yes. Life insurance is mandatory, and the applicable insurance fee is included in your monthly instalment.

Yes. Salary transfer to ila Bank is required. In certain cases, employees of financial institutions may be allowed to provide a standing order instead, subject to the Bank's approval.

A buyout allows you to transfer your existing finance from another bank in Bahrain to ila Bank. To apply, you will need to provide an Outstanding Balance Certificate. Once approved, ila Bank will settle the outstanding amount directly with your existing bank. After settlement, you will be required to provide a No Due Certificate and a Salary Transfer Letter.

The approved finance amount is credited directly to your alburaq BHD account. The funds will be placed on hold until the Salary Transfer Letter is received and verified.

After the Bank reviews your application and documents, an offer may be issued for your acceptance. The offer is valid for a limited period, during which you must review the documents, complete the required verification steps, and accept the offer before it expires. If the offer expires, a new offer may need to be generated.