Existing current account with Al Rajhi bank.

• Automatic savings where monthly payments are deducted on specified dates by the customer. 

• Competitive profit rates 

• Fully digitalized account that is opened and managed through the Al Rajhi Bank app. 

• Achieving savings goals with the flexibility of setting duration, amount of deduction and obtaining expected profits in accordance with Islamic Sharia. 

• The possibility of creating or cancelling saving accounts at any time without fees. 

• If the amount is not available in the account on the date of the monthly payment deduction, the customer can add a balance to the future savings account at a later date. 

• Payments are transferred monthly from the current account to the future account until the goal amount is reached.

Monthly Fee: 5,000 SAR

• Customer must have a current or salary account with the Bank. 

• Customer must be registered on internet banking. 

• Eligibility for profits: Minimum monthly average balance of SAR 5,000. 

Monthly profits

Earn monthly profits on your eligible average monthly account balance

Shariah-Compliant

Approved by the Bank’s Shariah Committee

Instant Account Opening

Open your account for free via our Internet Banking “Flexx Click” or our Mobile Application “Flexx Touch (no branch visits needed)

No minimum balance

No minimum deposit condition for account opening

End-to-End Digital Service

You can manage your account via our Internet Banking or SAIB Application anytime, anywhere (no branch visits needed)

• The bank shall invest the deposit amount in the Mudaraba Pool of Riyad Bank’s different investment activities, approved by the Shariah Committee at Riyad Bank

• The deposit amount may not be withdrawn from the Saving Account until after 24 hours from the time of the deposit

• The bank is entitled to co-mingle the customer’s Mudaraba amount with its funds or other customer’s funds. Each party is a partner on the basis of their ratio of investment

• If the monthly average is below SAR 20,000, the deposit amount shall be handled as a current account balance where the customer is not entitled to any profits whatsoever

• The bank does not guarantee the capital of Mudaraba. Any losses incurred to the Mudaraba Pool shall be borne by the customer alone

• The net profit of Mudaraba shall be allocated to the bank and the customer according to the agreed upon investment ratios set out in the Saving Account agreement

• Should be 18 years of age or older

• Opening current account with Riyad Bank.

• Valid ID card.

• Signing the Saving account agreement.

• Easy transfer to the Saving Account

• Instant access to the account through free electronic banking

• Shariah-compliant competitive returns on your monthly average when choosing saving account with return

• Ability to set the savings target

• No salary transfer required

• Profits are calculated starting from SAR 20,000 or above

• Shariah-compliant

• Easy steps to open the account

• No minimum balance required

• Easy transfers and deposits

Should be 18 years of age or older.

• Valid ID card.

• You only have to have a current account to link it to the program.

• Log on to Riyad Online.

• From the main menu choose “apply online”

• Choose “Wazin program” then Click on “create new Wazin program”

• Choose “start saving now”

• Select the account for Wazin enrollment

• If you prefer saving with return, choose “Saving account with income”, if not then choose without return and click next

• Define your goal and complete all the necessary information

• Specify the percentage for each type of transaction.

• Easy transfer to the Saving Account

• Instant access to the account through free electronic banking

• Shariah-compliant competitive returns on your monthly average when choosing saving account with return

• Ability to set the savings target

• Shariah-compliant

• Easy steps to open the account

• No minimum balance required

Saudi Citizens 

Saudi National ID 

GCC Citizens 

Passport 

National ID 

Expatriates 

Iqama ID 

Copy of passport"

The customer must be at least 20 years old.

There is no predetermined period for the savings account, the Annual Equivalent Rate is calculated based on the daily balance (based on the average account balance), and it is paid into the customer’s account every six months.

No minimum balance is required to open the account 

Guaranteed rate of return* 

Profits calculated monthly and paid to customers every six months 

Electronic banking (Online, Mobile and Phone) 

Account in Saudi Riyals or foreign currencies 

Quarterly statement of account 

Withdrawals and deposits 

Cheque deposit facility 

SMS notification

Saudi Citizens 

Saudi National ID 

GCC Citizens 

Passport 

National ID 

Expatriates 

Iqama ID 

Copy of passport

The customer must be at least 20 years old.

Minimum initial deposit of SAR 10,000 “there is no maximum limit"" 

Minimum monthly contribution of SAR 1,000 

The product is offered to individual customers only 

Available in Saudi Riyal only 

Tenor ranges from 1 to 10 years 

The monthly installment will be Gregorian calendars 

Returns are paid at the end of the contract with the basic of investment amount 

Access to your account statement through E-channel without performing any financial transaction 

Saudi Citizens

Saudi National ID

GCC Citizens

Passport

National ID

Expatriates

Iqama ID

Copy of passport

The customer must be at least 20 years old.

Minimum initial deposit of SAR 5,000 and up to SAR 1 million 

Monthly contribution of SAR 500 

The product is offered to individual customers only 

Available in Saudi Riyal only 

Tenor ranges from 1 to 5 years 

The monthly installment will be Gregorian calendars 

Possibility of maintaining multiple Recurring Deposits Accounts 

Returns are paid at the end of the contract with the basic of investment amount 

Access to your account statement through E-channel without performing any financial transaction

The Saudi citizen must possess a valid national ID or valid residency.

You must be registered in the Absher service to authenticate and approve your application.

Your mobile number.

A valid email address.

You must be registered with the National Post

The customer must be over 18 years old.

In the event that the age of the applicant to open a Bank AlJazira online account is less than 18 years, he must visit the branch accompanied by a guardian.

Open the AlJazira Saving account directly from your computer through AlJazira Online or from your phone through AlJazira Smart without visiting the branch. 

No minimum amount required to open an account. 

Compatible with the principles of Islamic Shariah. 

Available in Saudi Riyals only. 

For Saudi nationals and residents. 

Deposit and withdraw any amount at any time without any fees. 

Monthly returns are calculated on any amount saved since there is no minimum amount required to get the monthly returns. 

For your convenience, you can schedule automatic fund transfer from your current account to your AlJazira Saving Account according to the period that suits you. 

The return value is calculated daily based on the account balance and is deposited monthly. 

The ability to transfer to and from AlJazira Saving account at any time. 

Available around the clock via AlJazira Online or AlJazira Smart for phone application.

• Account opening form.

• Copy of National ID or Resident Identity.

• Deposit Amount: SAR 1500

• Annual Equivalent Rate: 2.67%

• Period: 12M

• Expected Profit Amount: SAR 267

• Expected Maturity Amount: SAR 18,267

• Shariah compliant product

• Competitive returns on short to medium term savings

• Minimum saving amount of SAR 100 for minors.

• You can open Waafer Account for minors.

• Saving is available in SAR.

• Flexible saving periods of 12, 24 and 36 months.

• Can only be opened through SABBNET

• Zero charge to open Waafer Account

• You can open multiple Waafer accounts.

• The selected deposit amount and the monthly profit of each month will be added to the next month balance.

• Account opening form.

• Copy of National ID or Resident Identity.

• Deposit Amount: SAR 25,000

• Annual Equivalent Rate: %2.55

• Period: 12M

• Expected Profit Amount: SAR 640

• Expected Maturity Amount: SAR 25,640

• Contribute to sustainability as deposits are used to fund eligible environmentally beneficial projects and businesses.

• Fully Shariah compliant account.

• Stable principal and predictable returns.

• Minimum investment amount of SAR25,000.

• Investment are available in Saudi Riyal (SAR)

• Flexible investment periods of 1, 3, 6, 9 and 12 months.

• Mandated 3-month average or balance of SAR350,000 or above in total relationship value.

• A mandated monthly salary transfer amount of SAR 35,000 or above.

• World-class products and advice to help you build and maintain your wealth.

• Accounts that make the most of your money and time

• World-class facilities for your family, whether they're at home or abroad

• Powerful protection and tools for people with international interests

• Islamic Current and Savings Accounts in all major currencies

• Islamic Commodity Investment Account in a range of major currencies

• Free travellers cheque encashment service.

• Discounted exchange rates

• Financial Planning Services

• Investments Products

• Emergency cash and help anywhere in the world

• Global Safety Net which includes protection and assistance if you are living or travelling overseas

• Multi-trip travel insurance cover

• Global views of all your accounts

• More than 350 international Premier Centres in 45 countries/territories to help you and provide local expertise

• Mandated 3-month average or balance of SAR100,000 or above in total relationship value.

• A mandated monthly salary transfer amount of SAR 20,000 or above.

• SABB Advance does more with your money by helping you grow your net worth

• Easy-to-understand Islamic savings accounts that generate profit

• Invest surplus cash to achieve your future goals

• Provide for your children education

• Investment in different sectors within the Kingdom and global markets

• Access to SABB Advance Managers and Wealth Managers

• Home Takaful Plan

• Personal Accident Takaful Plan

• Travel Takaful Plan

• Care Takaful Plan

• Dedicated Call Centre team available 24/7

• Priority service

• Internet Banking

• SMS Alerts

• SABB Advance Credit Card and ATM Chip Card

• International Emergency support in the event of the loss or theft of your cash or credit card while abroad

• International Account Opening

• Account opening form.

• Copy of National ID or Resident Identity.

• Exclusive offers and promotions with SABB’s retail partners.

• Free automated priority branch service with the specially designed Al Ruwaad ATM card.

• SABB Titanium MasterCard Credit Card with no annual fees for the first year.

• Free Supplementary Credit Cards for family members.

• Free account statements.

• Access to SABB’s Wealth Management services.

• 24 hour access to SABBDirect (Customer Service Centre) and SABBNET (Internet Banking).

• Free remittances via SABBNET to HSBC India beneficiary accounts (First time one-off charge of SAR 50 per beneficiary account).

• Free cheque book.

• Special discount on safe deposit lockers.

• Account opening form.

• Copy of National ID or Resident Identity.

• Deposit Amount: SAR 25,000

• Annual Equivalent Rate: 2.55%

• Period: 12M

• Expected Profit Amount: SAR 640

• Expected Maturity Amount: SAR 25,640

• Shariah compliant alternative to Time Deposits.

• Competitive returns on short to medium term investments.

• Minimum investment amount of SAR 25,000.

• Investment is available in other currencies: USD, GBP.

• Flexible investment periods of 1, 2, 3, 6 and 12 months.

• Account opening form.

• Copy of National ID or Resident Identity.

• Approved by SABB Shariah Committee

• A periodic statement is provided to record account transaction details

• Availability of ATM card with standing instructions

• Account can be opened in all major currencies

• Profit is calculated based on daily average balances maintained during the month

• Free access to your account at any time via SABB Direct (telephone banking) and SABBNet (internet banking)

• Opening  saving account: Free

• Required amount to open an account: Not required

• Balance falling less than required limit: Not Applicable

• SMS Notification alert: Free

• Monthly statement by regular mail or email electronically: Free

• Account statement less than one year via branch: SAR 28.75

• Account statement from one year to five years via branch: SAR 34.50

• Account statement more than five years via branch: SAR 57.50

• Buying / Selling foreign currency: Published board rate

• Cash withdrawal or deposit via branch: Free

• Saudi ID or Iqama.

• Completing the application form.

• Sharia Compliant Saving Account 
• Flexibility to open and mange through online channels
• No minimum initial deposit required to open the account 
• Safe Monthly Profits.
• Ability to deposit any time during the month 
• Ability to withdraw twice every month  
• Auto deduction to transfer your savings through automated saving options such as:
• Savings plan on transactions 
• Fixed transfer plan
• Flexible transfer plan

• No minimum balance requirement to open your account.

• Instant access to your account with ANB mada debit card.

• Flexibility of unlimited transactions using ATMs, Internet Banking, Mobile Banking and Phone Banking services.

• Profit on your savings for all those months in which you make two or less debit/ withdrawal transactions on your account.

• Profit is calculated based on the monthly average balance, and credited to your account every six months.

Account is opened in the name of the Child under 18 years of age (under guardianship)

• Opening  saving account: Free

• Required amount to open an account: Not required

• Balance falling less than required limit: Not Applicable

• SMS Notification alert: Free

• Monthly statement by regular mail or email electronically: Free

• Account statement less than one year via branch: SAR 28.75

• Account statement from one year to five years via branch: SAR 34.50

• Account statement more than five years via branch: SAR 57.50

• Buying / Selling foreign currency: Published board rate

• Cash withdrawal or deposit via branch: Free

• Account is opened in the name of the Child under 18 years of age (under guardianship).

• Besides providing all the exciting benefits of Al Ghad Al Mubarak Account, there is no minimum balance required for earning profit on the account.

• Easily credit the amount from your account to the Children's account using Standing Instructions on your account.

• Service is available for both Saudi & non-Saudi customers.

• All immediate family members are eligible (spouse and children.

• Ability to open more than one savings and/or current account for each family member.

• No fees.

• No branch visits.

• Ability to open sub-accounts (savings and current) for family members via Alinma Internet without the need to visit a branch.

• Ability to issue Alinma mada cards for each family member and to set separate withdrawal and purchase limits.

• Ability to grant and manage online access to accounts for each family member through Alinma Internet.

• Monthly account e-statements (optional).

• SMS alerts for account transactions.

• Ability to easily set transfer and payment limits for each family member.

• Ability to conveniently monitor accounts using account nicknames of your choice.

• A way to encourage children to save for the future through Kids Savings and to educate them on the proper use of banking services.

All Alinma Bank customers are eligible.

Investment Pools:

alinma invests the balances of investment accounts in revenue-generating investments that are stable in terms of fair value and cash flows. These balances are invested in one of the following pools:

●       Retail Customers Investment Pool

This investment pool is primarily composed of non-zakat assets, assets for which zakat has been paid by a third party, or a combination of both. As a result, this pool is not subject to zakat.

●       Corporate Customers Investment Pool

This investment pool is primarily composed of various revenue-generating assets, including alinma’s financings (excluding leased asset financings), Sukuk, and transactions with the Saudi Central Bank.

·        Start saving with just one riyal and enjoy higher annual returns of starting from 2%* as your balance grows.

·        Funds in this product are invested in a designated pool primarily composed of non-zakat assets, assets for which zakat has been paid by a third party, or a combination of both. As a result, this pool is not subject to zakat.

·        Open a Saving Accounts easily via alinma app.

·        Ability to pay bills and government payments (SDAD)

·        Ability to transfer funds within the Kingdom of Saudi Arabia

·        Track your account details effortlessly through account statements at alinma Self-Service.

·        Earn secure monthly returns.

·        Enjoy flexible returns that grow as your balance increases and adjust accordingly.

·        Maintain a minimum balance throughout the investment period to be included in the investment fund and earn returns based on package terms.

·        Subscribe to Instant Saving directly via alinma App.

·        Make transactions easily from your savings account, including transfers, government payments, and bill payments.

• Individuals - Saudis, residents and GCC.

• Small and medium enterprises in KSA.

Open a FAB account.

• Available in multiple tenures.

• Deposit account with 3 different options starting from 3 months to 12 months with different term-based anticipated profit rates.

• Make a withdrawal from the deposit, and rebook.

• Withdrawn amounts before the lapse, it is subject to anticipated profit at 0.25% of the deposit amount.

• The amounts withdrawn in full or in parts after the lapse of half term (from the deposit dates) shall be subject to anticipated profit rate of 0.5% p.a.

Completely digital experience where an account can be opened and managed through digital channels

No fees on registration or profit.

Competitive margin.

The minimum amount is 50,000 SAR.

Flexible investment periods, 3 months, 6 months, 9 months, one year.

Ability to close investment and return the principle amount at any time.

ZAKAT is paid for you.

Dividends are distributed on a monthly basis in accordance with the provisions of Islamic Sharia.

Competitive profit rates.

An integrated electronic account that is opened and managed via alrajhi bank app.

Flexibility in withdrawals and deposits

Opening and closing the account at any time without fees.

Electronic statement of account.

Win big prizes, Claim exciting cash rewards.

Weekly draws Get exclusive access as a registered customer.

Open for all Win as a new or existing customer