Bank launches account based on Mudharabah

Khaleeji Commercial Bank (KHCB) has launched an investment account based on the Sharia principle of Mudharabah. The Call Mudharabah Account combines a current account with the concept of profit sharing of the Mudharabah Investment Account. The Call Mudharabah Account is open to companies as well as individuals who are residents of Bahrain and the GCC for a minimum BD10,000 deposit. Linked to a current account, one can make a host of transactions such as redemptions and increments, withdrawals and debits, as well as use ATM facilities and acquire 24-hour online access on the KHCB e-banking system.