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Monthly Investment Plan

Monthly Investment Plan

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A long term savings scheme in which a specific amount is invested on a monthly basis

As an individual, your desires, goals and objectives will very likely differ from those of others. We at Al Baraka Bank recognise that difference.

Your need may well be a home of your own or a new motor car, or perhaps the education of your children. That is why we have introduced the innovative Monthly Investment Plan. Innovative because you can design your own Monthly Investment Plan to suit your own particular circumstances.

You can start by investing the required minimum amount in a monthly basis. As time goes by and your circumstances change you may increase your monthly investment to as much as you like.

We'll ensure that your hard earned cash yields the maximum profits- giving you a well -earned lump sum payment at maturity. Profits are realised on a profit-sharing basis in an Islamically permissible way.

To give you the maximum benefits we offer you the following flexibility:

    * You may invest the required minimum monthly amount for one year to be reinvested for further periods.
       
    * You have the option of increasing your monthly contribution towards your investment at any time.
       
    * Although you will invest small amounts each month you too can participate in real profit-sharing investment opportunities.
       
    * You may use our convenient debit order system.

To secure your future contact an Al Baraka investment advisor right away.

Click here to contact us and find out more about investing with Al Baraka Bank.

Click here to download application forms

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Albaraka Bank Ltd Reg No 1989/003295/06. Albaraka Bank Ltd subscribe to the Code of Banking Practice of The Banking Association South Africa and, for unresolved disputes, support resolution through the Ombudsman for Banking Services. Albaraka Bank Ltd are an authorised financial services provider. Albaraka Bank Ltd is a registered credit provider in terms of the National Credit Act, 34 of 2005 (NCR Reg No NCRCP14).  An Authorised FSP No.: #4652