Duration
Choice of investment period from 1 week to 12 months.
Minimum Amount
Minimum investment amount of USD 5,000.
Annual Interest Rate
Interest Payment frequency
At Maturity
Time Deposits (Foreign Currency)
The Saudi Investment Bank - Time Deposit(In USD)
Requirements:
SAIB Time Deposit agreement form.
Features:
Age:
18 years
15 years for Saudis holding a valid ID card
Nationality:
Saudis
GCC citizens with valid passport, or national
identity card (applicable only to citizens of Bahrain, Oman, Qatar and UAE),
and proof of address in the Kingdom (evidenced by a utility bill, house rental
contract, real estate title deed, or a letter from a Saudi citizen attesting to
the GCC citizen’s address) along with their home country address
Non-Saudis (and Non-GCC) holding a valid
residency permit (Iqama)
Benefits:
• Available in US dollars.
• Investment period
Choice of investment period from 1 week to 12 months.
• You have the flexibility to choose a term that best suits your needs. The rate of interest does not change during the term of the deposit.
• This is a conventional banking product offered only at our Regional Head Office branches in Khobar, Jeddah, Jubail and Riyadh.
• Interest is paid on maturity and can either be added to the principal amount and rolled-over for another period or credited to your account.
The Saudi Investment Bank - Murabaha Deposit ( In foreign currencies)
Duration
Choice of investment period from 1 month to 12 months.
Minimum Amount
What is equivalent SAR 50,000.
Annual Interest Rate
Interest Payment frequency
Requirements:
Age:
18 years
15 years
for Saudis holding a valid ID card.
Nationality:
Saudis
GCC citizens with valid passport, or national
identity card (applicable only to citizens of Bahrain, Oman, Qatar and UAE),
and proof of address in the Kingdom (evidenced by a utility bill, house rental
contract, real estate title deed, or a letter from a Saudi citizen attesting to
the GCC citizen’s address) along with their home country address.
Non-Saudis (and Non-GCC) holding a valid
residency permit (Iqama).
Features:
The SAIB Murabaha Deposit allows you to make a healthy profit on your money in a safe and Shariah-Compliant manner. The Bank enters into a contract with you to invest your money in a selected commodity at an agreed price. You make a profit by selling the commodity at a future date at a higher price.
Benefits:
• The minimum investment is What is equivalent SAR 50,000..
• Available in US Dollars and Euros.
• The minimum investment period is 3 months if the investment amount ranges from 50 thousand Saudi riyals to 100 thousand Saudi riyals.