Khaleeji Bank Launches Promotional Stand for "Ajyal" Account

Khaleeji Bank, a leading Islamic bank in the Kingdom of Bahrain, has announced the launch of a promotional stand for its innovative “Ajyal” Account, designed for children and youth under 21 years of age. The stand will take place at Al Liwan in Hamala during the Eid Al Fitr holiday, from March 31 to April 4, 2025.

 

Khaleeji Bank aims to introduce visitors to the benefits of the “Ajyal” Account, which encompasses three key offerings: the “Ajyal” Savings Account, The “Ajyal” Deposit Account, and the “Ajyal Al Waffer” Account. To encourage participation, the bank will also provide valuable prizes for those who open an “Ajyal” account tailored to their needs.

 

The “Ajyal” Account is a vital part of Khaleeji Bank’s strategy to promote financial literacy among children and youth. This initiative seeks to instil the importance of saving and cultivate sound financial habits, equipping young people with the skills to manage their money wisely and prepare for future financial challenges. The promotional stand reaffirms the bank’s commitment to raising awareness among the new generation about making informed financial decisions.

 

The “Ajyal” Savings Account offers an anticipated profit rate of up to 3.025%, with incentives including a minimum monthly deposit of BD 10 and five monthly withdrawals using an ATM card. The “Ajyal” Deposit Account operates on the principle of “Mudharaba” and offers a profit rate of up to 5% for a 12-month tenor. Meanwhile, the “Ajyal Al Wafer” Account provides youth the chance to participate in raffles for valuable cash prizes. This year, the bank has allocated 60 prizes, including a special draw in March for 15 prizes worth BD 1,000 each, along with a monthly draw for five prizes in the subsequent months, giving “Ajyal Al Waffer” customers a fantastic winning opportunity.

 

On this occasion, Ms Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, stated: “We are delighted to launch the promotional stand for the “Ajyal” Account at Al Liwan during the Eid Al Fitr holiday. This initiative aims to promote financial literacy, the values of saving, and financial responsibility among the younger generation.”

 

She added: “The “Ajyal” Account offers children and youth an engaging way to learn about savings. We believe that investing in the mindsets of younger generations is an investment in their future, and we are eager to inspire them to adopt healthy financial habits that can enhance their lives.”

 

Khaleeji is a leading Islamic Bank that strives to achieve clients’ ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari’a-complaint banking services and investment opportunities to individuals and companies.