Loyalty Account

An account which is based on the principle of Murabaha. After the bank purchases the commodity from the client, a mechanism is agreed upon to pay the amounts guaranteed & owed by the bank to said client. A bullet payment of 5% per anum will be credited to client’s “Al Waffer” account on the next working day & then from the 13th month until 36th Month, 2.7% per anum paid monthly.

* Terms & Conditions apply