Minimum Balance
SAR 0
Minimum Salary
Opening Balance
Annual Rate
Monthly Fee
No
Savings Account
Alinma Bank - Family Account
Description :
Your family means everything to you, and their financial needs are always on your mind. We are, therefore, pleased to introduce the Alinma Family Account, a new banking option that allows you to open separate sub-accounts (savings & current) for your spouse or children. It is linked to your main account, but managed by you, giving you the flexibility to control and monitor your family’s financial activities.
There is no need to visit a branch, and no administrative fees are applied. Simply register online using Alinma Internet. The Family Account gives you full financial control, helps your family save, and educates them about financial responsibility.
Eligibility:
• Service is available for both Saudi & non-Saudi customers.
• All immediate family members are eligible (spouse and children.
Benefits:
• 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.
Alinma Bank - Saving Account
Minimum Balance
As per package terms
Minimum Salary
Opening Balance
1 SAR
Annual Rate
2%
Monthly Fee
No
Description :
To help you save and plan for the future, we at Alinma Bank introduce Alinma Savings Account In more than one of the package featuring flexibility that meets the needs of our clients. Our aim is to help you fulfill your personal goals in a Sharia-compliant manner and in line with our values of transparency and innovation.
Eligibility:
All Alinma Bank customers are eligible.
Features:
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.
Benefits:
·
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.