Best rate of return (risk free)

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amnajaffri Member

Member since 09 June 2022

amnajaffriMember22 December 2024 14:51:21

Hello

I have a current account in alBaraka and have saved about 100,000 TRY (TL) but the lira is losing its value very quickly!

Is there anywhere I can invest (not in stocks or property.. need something risk free and ideally shariah compliant). I heard Banks are offering upto 50% returns?

If yes, can anyone guide me please?

Thanks a lot!

lldd11 New member

Member since 21 December 2022

lldd11New member22 December 2024 22:27:33

REPO, if your bank allows you. Talk to your account manager in the bank.

alpersezer79 Member

Member since 29 July 2023

alpersezer79MemberYesterday 05:27:50

Hi, You can consider putting your money into a "participation account" opened by Albaraka, which pays so-called participation earnings (more than 30% yearly), which is risk-free and shariah-compliant! By the way, this rate increases up to 50% in other private banks, which are not shariah-compliant.

amnajaffri Member

Member since 09 June 2022

amnajaffriMemberYesterday 14:36:53

@alpersezer79

thank you so much! any idea how to check??

would love to do this

in the app, when I click "open participation account", it gives me many options like

"open current account

"open classic savings account

".. flexible savings account.."

".. accumulative savings .."

"..hajj/umrah.."

"..periodic saving.."

"..fix savings..."

etc

(i know its not hajj)..

would be really really grateful!!

thank you

amnajaffri Member

Member since 09 June 2022

amnajaffriMemberYesterday 14:37:39

@lldd11

i am outside turkey physically and they dont really understand english (and my turkish isn't good)

I tried email but they aren't very response... any idea if that's available via the app?

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