Saving Account

• 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.

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.

• Sharia Decision 1398

●       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.

FAQS

• A valid National ID or Residence Visa.
• Open a Current Account.

• Log in to the alinma app.
• Go to “New Account” from the main menu.
• Select “Savings Account” as the account type.
• Enter a short name for the account.
• Choose your preferred currency.
• Review and accept the Terms & Conditions, then confirm.

• No fees are charged on withdrawals during the investment period.
• The savings account may involve risks related to the availability of investment opportunities and seasonal market fluctuations, such as those during summer holidays and festive periods, which may impact account revenues. Therefore, the bank does not guarantee account profitability or protection against losses. However, future opportunities can be assessed based on investment performance.
• The return will be automatically increased for those who reach the minimum balance required for the highest savings package. Likewise, the return will be automatically reduced for those whose balance falls within the lowest savings package.
• Funds can be withdrawn at any time during the investment period, subject to the package terms.