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Unrestricted “Mudaraba” Investment Account, is an investment saving account which is compliant with the Islamic Shari’a principles. This account can be opened by individuals, companies or institutions. This Account is based on the principle of “Mudaraba” where you, as “Rab Al Mal”, entrust your funds with KFH, as “Mudarib”, who will invest on your behalf. We mainly invest URIA funds in our general financing portfolio, which makes you our partner.
- A minimum deposit of BHD 300 or equivalent in foreign currency.
- Shari'a compliant returns on your investments.
- Available for terms of:
- 1 month.
- 3 months.
- 6 months.
- 1 year.
- Accounts are available in BHD, USD and Euro.
- Anticipated profit rate based on investment period distributed monthly.
- No account opening fees.
- The account can be opened for individuals and legal entities.
- If below 21 years of age, guardian authorization is required.
- Minimum opening balance for Bahraini Dinar account will be BD 20.
- Minimum opening balance for other currencies will be equivalent to BD 20.
- The deposit will be automatically renewed (unless the customer requests otherwise).
Requirements for Personal Accounts:
- For Bahrainis:
- a) Original Identification (e.g. CPR or Passport).
- b) Proof of address (e.g. driver's license or utility bill).
- For Non Bahrainis:
- a) CPR.
- b) Passport with a valid residence permit.
- c) Account statement or Salary Certificate.
Requirements Corporate Accounts:
- Original CR.
- 2 original IDs from the following:
- a) CPR.
- b) Passport.
- c) 6 months financial statement.
- d) Article of associations (if applicable).
- e) Board of Resolution (if applicable).
- f) Registration Form.
