Bank Albilad has signed a cooperation agreement to provide multiple financial services with Imam Mohammad Ibn Saud Islamic University (IMSIU). The agreement is aimed at providing innovative and facilitated financial services including providing financing for post-graduate and outstanding students. The agreement was signed by Mr. Abdulaziz bin Muhammad Al-Onaizan, the CEO of Bank Albilad, on the part of Bank Albilad, and Prof. Ahmad bin Salem Al-Ameri, rector of Imam Mohammad Ibn Saud Islamic University, on the part of the university.

Mr. Abdulaziz bin Muhammad Al-Onaizan, the CEO of Bank Albilad, stated, “The relationship with Imam Mohammad Ibn Saud Islamic University (IMSIU) is a strategic one, as this agreement includes new means of support with the aim of contributing to the development of national cadres and providing opportunities for students through offering innovative and facilitated financing programs and products to fit with the income of both male and female students.

On his part, prof. Ahmad bin Salem Al-Ameri, rector of Imam Mohammad Ibn Saud Islamic University, stated, “The university is one of the educational institutions that has superior status in the Kingdom. I hope that this memorandum will benefit male and female students, as the university is keen on facilitating the process of applying for its programs for all male and female students.”

Prof. Ahmad Al-Ameri concluded his speech, saying, "We hope that Bank Albilad will be a strategic partner for the university in its various activities, regarding various areas of investment, and providing community services and community partnership in a way that benefits both the university and the bank.”

The agreement contributes to finding financing solutions offered to university students wishing to complete their paid postgraduate studies, such as (diploma, master’s, and doctoral programs) in return for easy installments, and with a profit margin of 0%. This is in addition to granting financial and banking facilities to outstanding students, as Bank Albilad believes in his responsibility towards its community with regard to supporting the ideas and future plans of outstanding students and to motivate and encourage them. Bank Albilad is keen on providing diversified financing solutions that suit all income levels, which helps to create a distinguished generation capable of assuming management and responsibility.

It is worth mentioning that Bank Albilad pays great attention to the education sector, as Bank Albilad has supported many research chairs in a number of Saudi universities as well as many community initiatives and programs that contribute to providing support, investing in society and rehabilitating an environment that is conducive to creativity and innovation, through the Social Responsibility Program #Albilad_Initiative.