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Albilad Capital enjaz
عربي

Albilad Account with Monthly Returns

Albilad Account - A Profitable Bank Account
Previous performance of Albilad Account returns

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Previous performance of Albilad Account returns
Account is not an indication of future performance, and there is no guarantee for investors that the performance of the return on investment in Albilad Account will be repeated or be similar to the previous performance. It should also be noted that the increase and decrease in returns resulting from investment in Albilad Account are subject to market factors and conditions and the profit margins announced by the Saudi Central Bank during any period. Albilad account is considered one of the safest investment tools that has obtained the approval of the Shariah Committee of Bank Albilad.
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What Are the Features of Albilad Account?

Here’s an overview of what you can expect from the Albilad sub account:

  • A flexible bank account which offers regular returns.
  • Sharia compliant investment account.
  • Customers can withdraw cash at any time through their mada debit card.
  • Periodic account statement facility.
  • Track and manage accounts through Albilad electronic channels.
  • Cash and cheque deposits from all branches of the bank.
  • Transfer cash internally, locally, and internationally.
  • Buying and selling of currencies.

How can I open the Albilad Account online via Albilad net?

  • Login via Albilad Net
  • Choose Request Banking Products from the side menu, then Open a New Account.
  • Fill in the required information, then click Next.
  • Read and agree to the terms and conditions, then click “continue”
  • Account has been created successfully

What is the difference between Albilad Account with Monthly Returns - the Savings Account and Investment Wakalah Program?

Characteristics Savings Account Albilad Account with Monthly Returns Investment Wakalah Program
Profits Calculation Start Date From the date of depositing the amountFrom the date of depositing the amountFrom the date of depositing the amount
Profit Calculation Period On the last day of every calendar monthOn the last day of every calendar monthOn the completion of tenor / At maturity
Issuance of Mada Debit Card Not AvailableAvailableNot Available
Account Categories Based on the saving periodBased on the balanceBased on the investment period
Profit Calculation Mechanism Average balance during the month Lowest balance during the month for USD and average balance of the month for SAR *** Average balance during the month
Additional Deposit Calculation The additional deposit is calculated upon profits distributionThe additional deposit is calculated upon profits distribution Additional deposit are not allowed, new Investment Wakalah deposit can be created with new start date for each additional investment
The minimum qualifying amount for profit sharing SAR 1,000SAR 5,000 or USD 1,000 ***SAR 100,000 or USD 30,000
Transfers Limited transfers are accepted during the saving periodUnlimited transfers and withdrawals from the account at all times during the monthTransfers to / from the Investment Wakalah are not allowed. The Investment Wakalah can be cancelled before maturity but no profit will be paid
ProfitDistribution Ratio 1 year - 90% 2 years- - 100% SAR 30% - 40% -60% USD 40% - 60% - 80% Based on anticipated profit rate at the time of booking of Investment Wakalah deposit
Eligible Participants Individuals OnlyIndividuals / Companies / Institutions / EntitiesIndividuals Only
Account Opening Process Albilad App Albilad Appor Albilad BranchesAlbilad Appor Albilad Branches
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What are the Requisites for Albilad Account?

The age of the customer should be at least 18.
  • The age of the customer should be at least 18.
  • Customers younger than 18 years of age can open Albilad account under the supervision of a legal guardian.
  • Women must show their national identity card identifier.
  • It is necessary to have a current account with Bank Albilad
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Terms and Conditions

  • Customers cannot warrant profits if the average balance in their Albilad Account in Saudi Riyal falls below SR 5,000. In the case of a US dollar Albilad account, the customer needs to maintain a minimum of USD 1,000 through out the month In such a case where the required balance is not maintained by the customer, the Mudarabah contract of the customer is revoked. Meanwhile, the remaining balance is considered a current account transaction.*
  • For gaining profits, customers must deposit cash in their account at the start of the month in the case of USD currency Albilad account only.

To view the terms and conditions for Albilad account, click here

What are the limitations of an Albilad account?

Since the current account forms the foundation of your relationship with Albilad, there are a few restrictions on this account:

  • Linking with Tadawul trading account and Investment account through Albilad capital

  • Albilad credit card requests
  • Requests for any financing products
  • Wakalah account transactions
  • Corporate products
  • Safe deposit boxes
  • Issuance of a debit card for the USD account.
  • Request a checkbook for Al Bilad USD account
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FAQs

How can I open a current account through Albilad App?
How can I open a current account through Albilad Net?
How can I request the printed Mada Card after I open my new account online?
How can I activate my Albilad net account?
Once I receive my mada debit card, how can I activate it?
If I don't have an Absher account, How do I authenticate my current account opening using the fingerprint ATM?
How Can I open a supplementary account through Albilad App?
How Can I open a supplementary account through Albilad Net?
What security settings can I change on my online checking account?
What are the services that I cannot avail by opening my account online?