Minimum Amount
100,000 SAR
Duration
ranging from one week to one year
Annual Interest Rate
No Interest
Interest Paid
Saving Certificates (Local Currency)
Saudi National Bank - Khayrat AlAhli
Requirements
"Khayrat AlAhli is an investment product based on the principles of Murabaha and is Shariah compliant. You the customer purchase commodities then sell them to SNB at an agreed price (including profits) to be settled at a deferred date.
"
Features:
1- Shariah compliance
2- Secure capital with profits
3- SNB's commitment to purchase the commodities
4- Investment in the Saudi Riyal, Euro, British Pound and US Dollar
5- Flexible investment periods ranging from one week to one year
6-Minimum investment of SAR 100,000 or its equivalent in other currencies