Saudi Awwal Bank - Islamic Commodity Investment Account :
SABB’s Islamic Commodity Investment Account is an innovative Shariah complaint alternative to conventional Time Deposits for investors looking for attractive returns in the short to medium term.
Minimum Balance
SAR 25,000
Minimum Salary
Opening Balance
SAR 25,000
Annual Rate
Depending on the amount and the period.
Monthly Fee
No
Documents required:
• Account opening form.
• Copy of National ID or Resident Identity.
Example: of 12 Months subscription in (Islamic Commodity Investment Account) Account:
• Deposit Amount: SAR 25,000
• Annual Equivalent Rate: 2.55%
• Period: 12M
• Expected Profit Amount: SAR 640
• Expected Maturity Amount: SAR 25,640
Benefits:
• 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.