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
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Albilad Phone 920001002 عربي Careers

Albilad Account

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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 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.

Albilad Account is available also in US Dollar. For more information click here​

Albilad Account Features:
Albilad Account has many features, including:
  • ​ A flexible bank account that offers regular returns to customers 
  •  Investment nature of the Abilad account is compatible with the provisions of Islamic Sharia.
  •  Minimum qualifying amount for profit sharing is SR 20,000
  •  Profits are calculated on a monthly basis
  • Benefiting of Mukafaat Albilad loyalty Program to earn points and redeem them for exciting rewards
  •  Ability to withdraw cash at any time using mada debit card

Requirements for opening Albilad account:
  • ​The customer should be at least 18 years old; or supervised by a legal guarantor for customers younger than 18 years old.
  • For Women: national ID or Family Card with an identifier  
  • Client should have current account with Bank Albilad.​

Documents required to open Albilad account:
  • ​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.

Terms of profit distribution for Albilad account:
  • ​The customer 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 customer in this case is revoked, and the remaining balance is treated as a current account transaction.
  • The customer 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 & corporate​ stock speculations

Other services and facilities
Albilad Account offers other services and facilities, including:
  • ​Periodic account statement  
  • Ability to track & manage the accounts through e-channels
  • Acceptance of cash and check deposits by all branches of the bank
  • Ability to transfer from an account to another (Internally, locally or internationally)
  • Ability to sell & buy currencies. 

Some restrictions on Albilad account:
The current account is considered the base of the customer relation with the bank. Therefore there are some minor restrictions that cannot be availed with Albilad Account:
  • Linking it with Tadawul trading account and investment account through Albilad capital.
  •  Albilad credit card requests.
  • Requests of any financing products.
  •  Attorney Account transactions
  • Corporate products.​
  • Safe deposit boxes.
 
For more information, we are delighted to answer all your inquiries through Albilad phone at 920001002 






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