Example of a profit distribution for Awaed Albilad Account in 
Number of months | Anticipated Profit Rate | Anticipated Profit Return to the Customer in  | 1 | 5.00301% | 416.92 | 2 | 5.06290% | 843.82 | 3 | 5.16290%
| 1290.73 | 4 | 5.26290% | 1754.30 | 6 | 5.66417% | 2832.09 | 12 | 5.24852% | 5248.52 | 18 | 4.67620% | 7014.30 | 24 | 4.33670% | 8673.40
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Calculation of Anticipated Profit Amount: (Investment Amount x Number of Days x in the Investment Period x Expected Profit Rate %) / (360)*1 Month = 30 days, 2 Months = 60 days, 3 Months = 90 days, 4 Months = 120 days, 6 Months =180 Days, 12 Months = 360 days, 18 Months =540 days, 24 Months = 720 days
Above example is calculated based on the minimum investment amount: 100,000 
Example of a profit distribution for Awaed Albilad Account in USD
Number of months | Anticipated Profit Rate | Anticipated Profit Return to the Customer in USD | 1 | 4.25485% | 106.37 | 3 | 4.21428% | 316.07 | 6 | 4.20458% | 630.69 | 12 | 4.00314% | 1200.94
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Calculation of Anticipated Profit Amount: (Investment Amount x Number of Days x in the Investment Period x Expected Profit Rate %) / (360)*1 Month = 30 days, 3 Months = 90 days, 6 Months =180 Days, 12 Months = 360 days
Above example is calculated based on the minimum investment amount: 30,000 USD
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What are the conditions for an Awaed Albilad Account?
- The customer must be at least 18 years old.
- Any individual customer can benefit from Awaed Albilad Account if he/she already has a Current Account.
- Any individual customer can benefit from The Awaed Albilad Account if he already has a current account.
- The minimum entry amount for investment is
100,000 or USD 30,000. - When choosing to auto renew the Awaed contract, the contract will be renewed according to the initial selected tenor, and the expected profit rate will be updated based on the rate available in the system on the day of contract renewal and so on.
- In the event that the client chooses to renew the Awaed contract with the profits, the profits will be added to the principal amount and invested for the same investment tenor and so on. The customer will receive the principal and profit on cancellation of the contract for the completed investment tenor.
** In case of cancellation of the Awaed Albilad Account before the due date, no profits will be granted for the period between the Awaed contract start and the withdrawal of the investment amount.
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FAQs
Is the Awaed Albilad Account consistent with the sharia committee standards?The sharia committee of Bank Albilad has approved the product, and all Bank Albilad products are subject to their approval.
What are the available currencies to open Awaed Albilad Account?Available in Saudi riyals and US dollars.
Is there any difference in return rates between the Investment Wakalah product and the Awaed Albilad Account?Yes, the Awaed Albilad Account Product will offer a higher rate of return than the Investment Wakalah Product
What is the minimum term for Awaed Albilad Account?The minimum term of Awaed Albilad Account is one month.
What is the maximum period for Awaed Albilad Account?The maximum period for Awaed Albilad Account is 24 months.
What is the expected profit that I can earn from Awaed Albilad Account?The expected profit rate in the Awaed Albilad Account varies according to the investment period and the amount.
What is the minimum amount required to open Awaed Albilad Account?One hundred thousand  / thirty thousand US dollars (  100,000 or USD 30,000) Who can open Awaed Albilad Account?Currently, any individual customer of AlBilad can open the Awaed Albilad Account through his account in Albilad App or Albilad Net and Albilad Branches.
Can the customer withdraw the Awaed Albilad Account before Maturity date?Yes, the customer can cancel Awaed Albilad Account before the specified maturity date (contract end date), a revised profit amount shall be calculated for the holding period (completed period of the investment contract excluding the remaining period) as per product conditions mentioned above and credited to customer's current account. In case of monthly profit payment, the adjusted Investment Amount shall be credited to customer's current account after deducting the extra profit amount.
Are there any fees for opening Awaed Albilad Account?Currently there is no fee.
What are the requirements for opening Awaed Albilad Account?You just need to have a current account with Bank Albilad.
Can I open more than one Awaed Albilad Account?Yes, it is possible to open up to 5 accounts in one day.
What is the difference between Awaed Albilad Account and Investment Wakalah ?
The Investment Wakalah product invests in assets exempt from zakat. The Awaed Albilad Account product invests in assets that are not exempt from zakat.
When are the monthly profits deposited?On the first day of each month.How are the profits calculated if Awaed Albilad account is created in the middle of the month, for example on the thirteenth?
When choosing the monthly profit payment option, for the first month the profit is calculated for the remaining days of the month in this case 18 days and credited on the 1st of following month, next month onwards full month profit is calculated and credited to customer's current account.
Can I change the profit payment option after creating the account? No, the profit payment option cannot be changed once the account is created.Can the account be closed with the monthly profit payment option?
Yes, the account can be closed, but there will be an adjustment for the additional profit paid from the investment amount (Principal Amount). What are the available investment tenors for the monthly profit payment option? 6 months, 12 months, 18 months, 24 monthsWhat are the available investment tenors for the maturity payment option? 1 month, 2 months, 3 months, 4 months, 6 months, 12 months, 18 months & 24 months
What are the products that have the monthly profit payment option?Answer: The monthly profit option is available in both Zakat-exempt (Wakala Investment) and non-Zakat-exempt (Awaed AlBilad) products.
Is the monthly profit option available in US dollars? No, the monthly profit option is available in only.
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