Khaleeji Bank Unveils Ajyal Account Perks with Global Cashback for Students

Mohammed Fathy

Last updated 15-03-2026

3 min

Khaleeji Bank upgrades its “Ajyal” youth account with foreign spending cashback.

Students earn 2,7% on US dollars, 2% on other currencies.

Online purchases and overseas tuition payments are included.

The account offers up to 3,025% expected profit.

Bank says it helps families manage money abroad securely.

Khaleeji Bank is rolling out new perks for its “Ajyal” account, a savings product tailored for young people under 21, with a particular focus on students heading abroad. For many families in Bahrain, sending a son or daughter overseas for university is exciting… but managing money from a distance can be a bit of a faff. The bank seems keen to smooth that out.

At the centre of the update is cashback. Ajyal account holders will now receive 2.7% cashback on US dollar transactions and 2% on other foreign currency payments. That applies whether the spending happens inside or outside Bahrain, and it also covers online purchases made in foreign currencies. In practical terms, students paying tuition deposits, booking flights, or even subscribing to overseas digital platforms can earn something back on their spending without juggling multiple cards or arranging extra transfers.

The account itself offers an expected profit rate of up to 3.025%, positioning it as more than just a day-to-day spending tool. It’s designed as a savings solution that, on paper at least, gives families a modest return while their children study away from home. And in today’s market, every percentage point counts.

Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, said the enhancements reflect the bank’s efforts to create practical solutions for different customer segments, including students abroad. She noted that the revised Ajyal benefits combine competitive profit rates with cashback on international transactions, including those made online in foreign currencies, giving parents and students added flexibility and control. The aim, she explained, is to provide tools that make it easier to monitor and manage expenses securely while living or studying overseas.

From what I’ve seen covering youth-focused financial products across the region, cashback on foreign currency spending is not always standard for entry-level or minor accounts. So this move feels quite spot on for a generation that lives online and pays in dollars more often than we realise. On the flip side, families will still want to read the fine print and check how the expected profit rate is calculated, as with any Islamic banking product.

Khaleeji Bank, recognised as an Islamic bank operating under Shari’a principles, says it remains committed to developing services that align with customers’ evolving needs. The Ajyal account sits within its wider retail and corporate offering, alongside Shari’a-compliant investment opportunities.

At Arageek, we often hear from young founders who began their financial journey with a simple savings account managed from their student days abroad. It may sound small, but learning to track expenses in a different currency can be a game changer. I’m not a fan of overcomplicated youth banking offers, but a clear cashback structure and a competitive expected return? That’s definately a step in the right direction.

For students preparing to pack their bags, and for parents balancing pride with practicality, tools like these could make the financial side of studying abroad feel just that little bit easier, and maybe even chuffed to bits.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!