Al Jana Fixed Deposit Series 7

Al Jana 7 is the latest in a series of High Interest yielding fixed deposits, tailored with an array of value added benefits, such as a loan facility of up to 90% of your deposit value and 2.5 Million Doha Miles loyalty rewards.

If you can set aside more than QAR 500,000 (or equivalent in USD or KWD) for at least 2 years, we will pay you a premium rate of savings interest.


The Al Jana interest rates are detailed below and fixed in advance to assure you of a guaranteed return on your money.

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How does Al Jana work?

Long term deposit periods – A fixed rate long term deposit account set up for a pre-determined period of time either for 2, 3 or 5 year where the interest is fixed at a pre-determined rate and is capitalized/paid every 6 months.

Higher Yields – Returns available on Al Jana 7 are a lot higher than normally available because of the longer term nature of your deposit. And you will have peace of mind that these higher rates of return won’t change. Interest is capitalized and available for you every 6 months

Access to your Cash – Your cash will be tied up for the duration you have chosen. However, we will provide you with a Visa Platinum credit card with a limit of up to 90% of your Al Jana deposit amount (up to a maximum card limit of QAR 500k). Alternatively, we will give you a loan up to 90% of the value of your deposit at 2% over the underlying Al Jana interest rate.

Limited Availability, Apply Now – We expect demand for Al Jana 7 to be as strong as for previous releases. As the Al Jana service could be withdrawn at any time, we recommend that you apply now and deposit your funds at the earliest opportunity to be certain of the highest interest yields available.

Al Jana 7 Features

  • Currency: QAR, USD and KWD
  • Minimum Deposit: QAR 500,000 or equivalent
  • Maximum Deposit: QAR 50 Million or equivalent
  • Tenor Period: 2 to 5 years
  • Interest: Compounded / paid every 6 months

Al Jana 7 Rates of Interest

Period/ Currency 2 Years 3 Years 5 Years
QAR 3.50% 3.65% 3.75%
USD 3.25% 3.40% 3.50%
KWD 3.25% 3.40% 3.50%

Al Jana Compounded Yields

Compounded returns over the duration of your Al Jana Fixed Rate deposit are as follows:

Period/ Currency 2 Years 3 Years 5 Years
QAR 7.00% 10.95% 18.75%
USD 6.50% 10.20% 17.50%
KWD 6.50% 10.20% 17.50%

Al Jana – DOHA MILES Criteria

Eligibility: Deposit booked in blocks of QAR 500,000/-

Tenor (Yearly) 2 – 3 Years 5 Years

Deposit (QAR)

500,000

DOHA MILES 10,000 25,000

Deposit (QAR)

10,000,000

DOHA MILES 200,000 500,000

Deposit (QAR)

50,000,000

DOHA MILES 1,000,000 2,500,000

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Key Terms and Conditions

  • Al Jana 7 is only offered to private individual depositors and is not applicable to corporate customers.
  • In the event of premature closure of you Al Jana Deposit occurring within the first half of the term of the deposit from the date of opening the deposit, no interest will be paid.
  • In the event of premature withdrawal from the Al Jana Deposit taking place after the first half of the term of the deposit, a penalty of 50% less of the applicable interest rate will be charged & will be deducted from the form the accrued interest or from the principal amount. Customer will be required to pay back the amount equivalent to the Doha Miles granted as well. The equivalent amount will be deducted at the time of the pre closure.
  • Maximum Al Jana deposit of QAR 50 million or equivalent per individual depositor.
  • Doha Bank’s retail, commercial and corporate lending products are granted at our sole discretion and are subject to the Bank’s terms, conditions and acceptance.

Click here to view full Al Jana 7 terms & conditions

Interest Rates

Note:

Doha Bank’s retail, commercial and corporate products are granted at our sole discretion and are subject to the Bank’s terms, conditions and acceptance.