Khaleeji Commercial Bank unveils special offer on Murabaha Deposits

Clients will earn a competitive profit rate of up to 4.5% paid in advance when opening an account.


Manama: Khaleeji Commercial Bank (KHCB), one of the leading Islamic Banks in Bahrain, launched a special offer on its Murabaha Deposits through which clients will earn a competitive profit rate of up to 4.5 per cent paid in advance when opening an account.

This is in line with KHCB’s commitment to provide safe and innovative investment solutions for its clients, the bank said in a statement.

KHCB retail banking executive manager Abdulnasser Ahmed Al Rayes said: “These deposits represent a safe investment opportunity in accordance with the provisions of Sharia as they are based on Murabaha through a specified pre-agreed profit rate that clients will receive in advance, with the bank’s pledge to reimburse the value of capital at maturity.”

“This offer emanates from our relentless efforts to provide our clients, who want to save their money with safe investment solutions, especially in such exceptional circumstances that carry a lot of challenges, a unique opportunity to earn considerable returns on their investments through our competitive profit rates.

“This comes in line with our tireless endeavours to introduce leading and innovative banking services that live up to our valued clients’ expectations,” added Mr Al Rayes.

Since its establishment, KHCB has been keen on designing an integrated and diversified system of innovative deposits that meet the aspirations of clients in a bid to achieve the best returns on their investments. In doing so, the bank has considered the diverse investment needs of its clients to ensure its deposit packages are suitable for everyone.

For more information about this new offer on the Murabaha deposits, contact KHCB’s call centre on 17540054.

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