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Alburaq Islamic Savings Account

The alburaq savings plan provides a new way for those wishing to invest in accordance with Islam 

Savers are able to deposit funds for five years in an account structured following the Islamic principles of Wakala.  At maturity savers will receive their initial capital back together with 100% of any gain in the performance of a basket of 20 shares in global companies selected from the Dow Jones Islamic Titans 100 Index. 

Product Information

A fixed term account where the return is linked to performance of a basket of 20 selected shares from the Dow Jones Islamic Market Titans 100 Index (Bloomberg: IMXL)

Offer Open date:
12th June 2008

Offer Close date:
5th September 2008

5 years

Strike date:
26th Sept 2008

Minimum opening deposit:

Maximum opening deposit:

No Cap on returns

100% Participation Rate
Product distributed by alburaq, part of the Arab Banking Corporation

The account is provided by the Bank of Ireland


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