| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Masraf Al Rayan Saving Account
|
Minimum Balance: QAR 0 | Annual Fee: QAR 0 | Internet Banking: No | Features: Islamic Banking, Savings Account, No Salary Transfer |
If you want to save money and get a great return on your investment, ethically and in conjunction with your beliefs, then the Masraf Al Rayan savings account is for you.
Masraf AL Rayan will help your finances flourish by making your money work for you within the laws of Shari’ah; giving you the freedom you need, while enjoying instant access without penalty.
Masraf Al Rayan Saving Account Features:
-Minimum salary - QAR 4000 -Annual fee - zero -Minimum balance - zero
Masraf AL Rayan will help your finances flourish by making your money work for you within the laws of Shari’ah; giving you the freedom you need, while enjoying instant access without penalty.
Masraf Al Rayan Saving Account Features:
-Minimum salary - QAR 4000 -Annual fee - zero -Minimum balance - zero
** 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.
