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  • Mudarabah Savings Account

    Islamic Mudarabah Saving Account is based on the Mudarabah concept which generates profit on customers average daily account balances. The most important difference between this account and conventional saving accounts is that the customers’ funds are invested in Shariah Compliant Islamic assets and customers benefit from the profit that these assets generate.

    Features and Benefits of Islamic Mudarabah Saving Account include:

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    Approved by SAB’s Shariah Committee

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    A periodic statement is provided to record account transaction details

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    Supports standing instructions being placed

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    Wafer Account

    Wafer Account is an innovative Shariah compliant product to help start your savings plan and build new saving habits.

    Features and benefits of Wafer Account include:

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    Shariah compliant Mudarabah product, approved by SAB’s Shariah Committee

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    Competitive returns for short to medium term savings plans

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    Minimum monthly saving amount of SAR100.

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    Islamic Commodity Investment Account

    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.


    Features and Benefits of Islamic Commodity Investment Account include:

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    Shariah compliant alternative to Time Deposits

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    Competitive returns for short to medium term investments

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    Minimum investment amount of SAR25,000

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    Green Deposit Account

    Green Deposit Account is an innovative Shariah compliant Time Deposit that offers the opportunity to fulfil your personal sustainability goals through investing your funds to support financing of environmentally friendly projects in Saudi Arabia, with attractive returns in the short to medium term.
     

    Features and Benefits of Green Deposit Account from SAB include:

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    Fully Shariah compliant account.

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    Stable principal and predictable returns.

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    Minimum investment amount of SAR 25,000.

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