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 Awaed Albilad Account

 Awaed Albilad Account

21-11-2024
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Are you looking for the best investment bank account?


Are you looking for the best and easiest way to invest, Bank Albilad is your destination. Now you can get higher returns through our Shariah compliant Awaed Albilad Account.

​​Example of a profit distribution for Awaed Albilad Account in SAR


Number of months

1

3

6

12

18

24

Minimum amount

100,000

100,000

100,000

100,000

100,000

100,000

Anticipated Profit Rate

4.40049%

5.30085%

5.31660%

5.07774%

4.82420%

4.62000%

Number of Investment Days

30

90

180

360

540

720

Anticipated Profit Return to the Customer

366.71

1,325.21

2,658.30    5,077.74
7,236.30

9,240.00


Example of a profit distribution for Awaed Albilad Account in USD 


Number of months

1 

3 

6 

12 

Minimum amount

30,000

30,000

30,000

30,000

Anticipated Profit Rate

4.49513%4.41379%4.42324%4.26102%

Number of Investment Days

30

90

180

360

Anticipated Profit Return to the Customer

112.38

331.03
663.49

1,278.31


What are the features of the Awaed Albilad Account?

  • No fees
  • Higher returns on your deposits.
  • A sharia compliant alternative option to the conventional investment deposits. 
  • Available in two currencies: Saudi Riyal - US Dollar.
  • Flexible investment periods; one month - 3 months - 6 months - 12 months until 2 years.
  • Ability to cancel your investment before the due date **
  • Ability to select auto renewal with principal only
  • Ability to select auto renewal with principal and profit
  • Low-risk investment account
  • Available for Saudis and non-Saudi 

How can I open the Awaed Albilad Account online via Albilad app?


  • Log in to Albilad app
  • Select cart.
  • Select accounts.
  • Press on (deposit with albilad and gain periodic returns).
  • Select Awaed AlBilad Account
  • Input the investment amount and choose investment period 
  • Complete the steps to open the account.

How can I open the Awaed Albilad Account online via Albilad net?


  • Log in to Albilad Net.
  • Select Investment Wakalah from the main menu.
  • Select creat new wakalah.
  • Choose wakalah type non-zakat exempt.
  • Input the investment amount and choose investment period 
  • Complete the steps to open the account.

What are the conditions for an Awaed Albilad Account?


  • The customer must be at least 18 years old.
  • Any individual customer can benefit from The Awaed Albilad Account if he already has a current account.
  • The minimum entry amount for investment is SAR 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. 

To view the full terms and conditions, click here

** 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 Saudi riyals / thirty thousand US dollars (SAR 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 withdraw the amount in the Awaed Albilad Account before the specified maturity date, but there will be no profit paid to the customers.

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.



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