Alinma Bank - Saving Account

Alinma Bank

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.

Alinma Bank - Saving Account :

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.

Minimum Balance

As per package terms

Minimum Salary

Opening Balance

1 SAR

Annual Rate

2%

Monthly Fee

No

Eligibility:

All Alinma Bank customers are eligible.

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.