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Flexi Invest
Flexi Invest is an investment product that allows you to earn profit on your money.
You can start by topping up your Flexi Invest. The profit is calculated on your daily balance, so the more you deposit, the more you earn.
The annual profit is calculated on your daily balance, and it’s accumulated until the last day of the month. The total profit earned is then credited to your Flexi Invest. The profit will change depending on your investment. You will earn:
1. 3.00% for investments below BHD 5,000
2. 3.50% for investments between BHD 5,000 – BHD 9,999
3. 4.25% for investments of BHD 10,000 and above
You can withdraw money from Flexi Invest to your Beyon Money Business employee card instantly or to any bank account.
Flexi Invest is unlimited. The more you deposit, the more you earn.
Money can be sent to any valid IBAN number or to your employee cards.
Flexi Invest funds are placed in secure Islamic bank deposits (in banks licensed by the Central Bank of Bahrain) and Government Sukuks issued by the Central Bank of Bahrain.
The bank deposits are diversified across Al Salam Bank, Khaleeji Bank, Al Baraka bank and Bahrain Islamic Bank.
SICO is the investment product provider and asset manager. The underlying assets are Islamic bank deposits (in banks licensed by the Central Bank of Bahrain) and Bahraini Government Sukuks issued by the Central Bank of Bahrain.
100% of the asset exposure is local (Bahrain).
The underlying deposits in itself are Shariah compliant and the respective banks in which the deposits are placed are licensed as Islamic banks with their respective Shariah supervisory boards. There is no separate Sharia officer for Flexi.
Flexi Invest is offered by Beyon Money Investment B.S.C., a Category 2 Investment firm licensed and regulated by the Central Bank of Bahrain.
SICO Investment Bank, our trusted asset management partner and a conventional Wholesale Bank licensed by the Central Bank of Bahrain, manages the investments.
Furthermore, all investments are executed through Sharia-compliant bank partners, each licensed by the Central Bank of Bahrain. The client assets are audited twice a year by KPMG, a leading independent audit firm.
Flexi Invest has daily liquidity with immediate withdrawal to the Beyon Money card and 2 business days for withdrawal to an external bank account.
