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“Shabab Al Dirah” Investment Saving Account, is an investment saving account which is compliant with the Islamic Shari’a principles. The account can be opened, by the youth with the assistance of their parents. It’s a saving account based on "Mudaraba" principle with many privileges to strengthen the conduct of savings, encourage money management and provide a foundation for a better future of our youth.
- Free debit card.
- Low minimum balance requirement.
- Competitive profit rates
- Annual profit distribution.
- Local or international remittance facility.
- Standing order facility.
- Easy and quick access to funds.
- Free semi-annual account statements.
- SMS notifications on account transactions.
- No account opening fees.
- The account can be opened for youth from 15 to 21 years.
- Minimum opening balance for Bahraini Dinar account will be BD 20.
- For Bahrainis, 1 original ID from the following:
- a) Original Identification (e.g. CPR or Passport)
- b) Proof of address (e.g. Driver's license or Utility Bill)
- For Non Bahrainis:
- a) CPR
- b) Passport with a valid residence permit
- c) Account statement or Salary Certificate.
