Overview

“Al Waffer Plus” is a Shari’a-compliant Term Deposit account based on the principles of “Mudharaba”, which can be opened with a minimum of BD 100,000.

Prize raffle Entry Points are calculated as 1 point for every BD 25 in your account towards the same Grand Prizes allocated towards the “Al Waffer” account.

To view the Grand Prizes available in the “Al Waffer” Account’s current edition, please click here.

Benefits

• Invest and earn rates while getting the chance to win Grand Prizes
• 6-12 month Tenor with competitive Profit Rates
• Grand Prizes pool worth more than $3,000,000

Requirements

Valid ​​​​​​​​​​​​Identification:

• Bahraini clients require two valid IDs, one must include your address
• Other clients require a valid Smart Card & Resident Visa pass, plus a copy of your passport

Valid Income Source:

• Employees: Latest original salary slip (in case of variable pay last 3 months)
• Self Employed: 6-month Bank Statement

​​​​​To Open an Account

1. Complete the Account Opening Form
2. Read the Terms & Conditions
3. Read the Tariff of Charges
4. Take the required documents to your local branch to activate the account