Al Baraka Bank Al Baraka Premium Investment 365

A 12-month fixed investment account for high-value deposits, requiring an initial minimum of R2 million with additional investments of at least R500,000 permitted at maturity. It earns the highest published rate on Al Baraka's deposit shelf: 6.408% per annum for June 2026 (unchanged from May 2026). Profit is generated by the bank's Murabaha, Musharaka and Ijarah financing activities, calculated from actual monthly results under the bank's profit distribution model, and paid annually at maturity with the option to pay out or reinvest. Business and personal variants exist, and the account is serviced through the Al Baraka app and branches.

This is Al Baraka's treasury-grade product, and the 118 basis point premium over its own 365-day Participation rate is the reward for scale and commitment. For a Muslim family office, school, trust or business sitting on R2 million-plus of surplus cash, it is the strongest published pure-Mudaraba rate in South Africa, with the same monthly rate-publication honesty that distinguishes the whole shelf. The constraints are inherent to the design: no CODI cover, no interim income, and a full-year commitment. Institutions needing monthly cash flow should look at the Regular Income Provider instead; those simply parking wealth for a year in a halal instrument will find this the efficient choice.