Al Hilal Bank – Ahlan
Minimum Salary
AED 0
Currencies
AED
Feature
Free Credit/Debit Card

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Overview: The Al Hilal Bank Ahlan Account is a Sharia-compliant savings account designed for digital banking. It offers a chance to win significant monthly prizes and provides attractive profit rates.

Benefits:

  • Sharia Compliance: Fully adheres to Islamic banking principles.
  • Monthly Prize Draw:
    • AED 1 Million Monthly Prize: One lucky winner each month.
    • 20 Monthly Prizes: Each prize is AED 1,000.
  • Attractive Profit Rates: Competitive rates available in the market.
  • Monthly Profit Distribution: Profits are calculated and distributed every month.
  • No Fees:
    • No ‘fall below’ fee.
    • No additional fees or charges.

Eligibility for Prize Draw:

  1. Maintain Balance or Salary Transfer:
    • Minimum Average Balance: AED 5,000.
    • Salary Transfer: Transfer your salary to an Al Hilal Bank account.
  2. Additional Entries:
    • Extra AED 5,000 Balance: Each additional AED 5,000 increases your draw entries.
    • Salary Transfer Bonus: Transferring your salary to an Al Hilal current or savings account grants an additional entry. (Minimum eligible salary is AED 5,000 per month).
Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

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