| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
Alinma Bank - Investment Account
|
Minimum Balance Required: SAR 0 | Annual Return: 0% | Features: Islamic Finance, No Salary Transfer |
At Alinma Bank, we strive to improve your finances through our Investment Account in order to offer you excellent returns on your investment. We offer you all of that and more through our fully Shariah-compliant product, saving you time and effort in your endeavor to generate better returns with greater peace of mind.
Features:- Minimum investment of SR 100,000
- Flexible Investment periods (Monthly - Yearly)
- Ability to invest during any business day
- Achieve returns through investing in Alinma bank activities
- Returns are calculated on a daily basis and are payable at maturity date
- Available to Saudis and expatriates
- National ID card / residence visa
- Open current account
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
