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Yalla Shabab

 Youth are our greatest resource. They are those who put a pulse on life. At AlNile Bank, we understand their needs and evolve as they do. For them, we have designed the Yalla Shabab package that caters to their needs and enhances their banking experience.

 

Yalla Shabab Saving and More Account is especially designed to meet the needs of youth over 18 and gives you the freedom to manage your account and funds at any time while earning profits on a minimum balance of 4000 SDG. It also enables you to invest your money while enjoying high liquidity. The account is a Mudharaba-based saving account that is fully compliant with the provisions of Islamic Sharia and can be accessed at any time through either AlNile Mobile service or AlNile Online.

Features and benefits:


- A Sharia compliant investment.
- A flexible account with steady returns.
- An account that allows clients and the bank to become partners by sharing the profits earned from investing the depositors' money.
- The Profit is calculated on a monthly basis.
- Receiving round-the-clock SMS alerts on your mobile phone with every account movement.
- Utility bills payment (electricity, phone… etc.).
- Enjoying the extra benefits provided by the Loyalty Program for the bank's Yalla Shabab customers
- A chequebook
- The ability to obtain a life insurance policy as per the concept of "Takaful"

Documents required:


- A salary certificate/ Trade license or business name for businessmen
- A copy of valid ID / Residence certificate or document
- Terms and conditions apply