رأيك يهمنا.. كيف تقيم الواجهه الجديدة لموقع بنك البلاد
رأيك يهمنا.. كيف تقيم الواجهه الجديدة لموقع بنك البلاد
رأيك يهمنا.. كيف تقيم الواجهه الجديدة لموقع بنك البلاد
How would you rate the new look of our Website
How would you rate the new look of our Website
How would you rate the new look of our Website
Albilad Phone 920001002 عربي Careers

Albilad Account

 ​

The first of its kind!

Albilad Account is the first account of its kind to be launched in the Kingdom of Saudi Arabia. It offers freedom to the customer in managing and utilizing their accounts at any time. However, the account continues to yield profits for a balance of no less than SR 20,000. This account enables customers to invest their money while, at the same time, having high liquidity on hand. Customers, for example, can reach their accounts at any time through the ATM "Albilad 24", "Albilad phone", or "Albilad net".

Albilad Account is based on the Sharia concept of "Mudarabah". It has many features including flexibility, accessibility and regular profits, in addition to reduced risk. Features of AlBilad Net

 

Requirements for opening Albilad account:

  • Open a current account at bank Albilad.
  • The customer should be at least 18 years old; or open an account that is supervised by a legal guarantor for customers younger than 18 years old.
  • Minimum deposit  to open the account is 1,000 SAR for individuals, 100,000 SAR for entities.

 

Documents required to open Albilad account:

 

  • Open a current account.
  • Filling out Albilad account agreement.
  • Proof of valid identity (national identity card or family book for the Saudis, or residency ID and passport for non-Saudis).
  • Entities : the Commercial Register with documents to prove the identities of the owners / representatives of the entitiy.

 

Advantages:

Albilad Account has many features, including:

  • Investment is compatible with the provisions of Islamic Sharia.
  • It is a flexible account that offers regular revenues to customers
  • It allows customers to share the profits achieved through investment of customer deposits
  • Minimum qualifying amount for profit sharing is SR 20,000
  • Profits are computed on a monthly basis
  • It allows for cash withdrawal at any time using the globally accepted ATM card "Albilad 24". 

 

Terms of profit distribution for Albilad account:

  • The client does not warrant any profits if the amount available in the account balance at any time during the month is less than 20,000 SAR. The speculation contract of the client in this case is revoked, and the remaining balance is treated as a current account transaction.
  • The client must deposit the money in the beginning of the month to get the profits.

 

How profits distributed:

Distributed on a monthly basis with the knowledge that the expected return on the Albilad account, is in accordance the return of Albilad treasury department stock speculations.

 

Other services and facilities

Albilad Account offers other services and facilities, including:

  • The facility of obtaining a periodic statement of account
  • The possibility of tracking and managing accounts through e-channels: "Albilad 24", "Albilad Phone", and "Albilad net"
  • Acceptance of cash and check deposits by all branches of the bank
  • The possibility of transferring from an account to another (Internally, locally or internationally)
  • The facility of selling and buying currencies. 

 

Simple Requirement:

  • Opening a current account with Bank Albilad
  • Customer should be 18 years of age and above. Accounts for customers below 18 years must be opened and controlled by a custodian
  • The minimum amount for opening an account is SR 1,000 for individuals and SR 100,000 for enterprises

 

Some restrictions on Albilad account:

It is considered as a current account, and therefore there are some minor restrictions that cannot be implemented, namely:

  • Participation in investment funds. 
  • Linking it with Tadawul trading account and investment account through Albilad capital.
  • Albilad credit card requests.
  • Requests of any financing products.
  • Implementation of the Agency Account.
  • Participation in the IPO.
  • Corporation products.
  • Safe deposit boxes.

Services and facilities for Albilad account

  • Monthly account statement.
  • The possibility of follow-up and account management through Albilad electronic channels : «Albilad 24» and «Albilad phone» and «Albilad Net».
  •  Acceptance of cash deposits and checks  in all branches of the bank.
  • Balance transfer from one account to another (within or outside the bank Albilad, domestically or internationally).
  • The possibility of buying and selling various currencies.

 

You can apply onlineApply Now