BLME or AL Rayan Sharia Accounts

drob4

You can make several payments to fund a single Al Rayan fixed rate account. I did it over a few days.

LobsterMemory

It's good to have confirmation from a real-life user because the letter I received could be a bit clearer.

In that it states in big bold font that after you have made your initial deposit into your Fixed Term Deposit Account you will not be able to make further deposits.

However, you're transferring money into your Al Rayan holding account which presumably won't be deposited into the FTD account until you have paid in what you committed to pay when you made your application

triplea35

I opened a fixed term account with Al Rayan in June. Due to my bank payment limits on faster payments I made 2 payments, one on the 4th June and the remainder on the 5th. When I received a confirmation of deposit letter it showed the total amount as one deposit and dated the 5th June. So presumably lost one days interest on the 1st payment.