Participation Account
Al Baraka’s Participation Account is a profit-generating account in which your capital is invested for a fixed period.
Your investment is placed in a pool together with capital from other investors. At the end of the investment period, you share in the profits generated is on a pro-rata basis.
What are the benefits you will enjoy?
- Flexibility of investment period, from 7 days to 24 months.
- The freedom to choose, on maturity, to either withdraw your funds, or re-invest in order to maximise your profits.
What qualification criteria apply?
| Investment Period | Minimum Deposit |
|---|---|
| 7 Day Account | R250 000 |
| 35 Day Account (1 Month) | R50 000 |
| 91 Day Account (3 Months) | R1 000 |
| 182 Day Account (6 Months) | R1 000 |
| 365 Day Account (1 Year) | R1 000 |
| 720 day Account | R10 000 |
Note: All cash deposits are subject to a cash deposit fee
Who should apply for Al Baraka’s Participation Account?
- Individuals or entities
- Short, medium or long term investors
How do you apply?
- Visit one of our branches country-wide and discuss the Al Baraka Participation Account with one of our consultants
- Bar-coded Identity Document
- A utility bill, not older than 3 months, for the verification of your residential address
For Further information about ensuring FICA compliance, please click on the tab for legal information or call our Customer Services Centre on 0860 225 786