Mudaraba and Wakala fixed deposits

Boubyan Bank , stated that “Mudaraba” and “Wakala” fixed deposits offered by Boubyan Bank among the other deposits provide competitive benefits of the investment products. The most essential among those benefits are the competitive return to the investors, automatic renewal and the flexibility of choosing the investment term option.

“The Mudaraba deposit is highly flexible in depositor option for the term ,which ranges between 6,9 or 12 months with minimum limit of KD 3.000 to give the chance for the investor to realize high returns on his saving with Boubyan Bank accounted for 5.7% in 2008.On the other hand, in Wakala deposit, the investor is aware in advance of the expected return, as the minimum deposit is KD 5.000. That’s all come with highly flexible in term option starting from just one week”.

So now the investor can have the fixed deposit with Boubyan Bank is no longer fixed due to the flexibility investment amounts and terms. Boubyan Bank will proceed with its strategy to visualize its customer objectives and requirements in Shari’a-complaint modes”.