Minimum Balance
Minimum Salary
Opening Balance
Annual Rate
Monthly Fee
No
Savings Account
First Abu Dhabi Bank Saudi Arabia - Hassad Deposit Account
Description :
A Shariah-compliant SAR term deposit with the full anticipated profit paid upfront and which allows partial restrictions with adjustment to anticipated profit rates.
Eligibility:
• Individuals - Saudis, residents and GCC.
• Small and medium enterprises in KSA.
Documents required:
Open a FAB account.
Features:
• 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• Withdrawn amounts before the lapse, it is subject to anticipated profit at 0.25% of the deposit amount.
• The amounts withdrawn in full or in parts after the lapse of half term (from the deposit dates) shall be subject to anticipated profit rate of 0.5% p.a.