Available in Saudi Riyals as well as other major currencies approved by SAIB.
It is an account opened in accordance with Islamic Sharia rules.
This account allows you to issue cheques, deposit cash and fulfill all day-to-day transactions.
Multiple Currencies
Account Statement
Your choice of statement frequency (i.e. monthly, quarterly, half-yearly or yearly).
Free Cheque-book
Free cheque-book (Available only for Saudi Riyal Accounts).
Settlement of bills and payments
Settlement of bills and payments through SADAD and ability to transfer funds locally and internationally.
Free access to your account through multiple channels
Flexx Click (Internet Banking), Flexx Call (Contact Center), Flexx Touch (Mobile Banking), ATMs, and Branches.
Key Requirements
to open an AlAsalah Current Account
Minimum age of 18 years, except for Saudi nationals with a valid ID card, who may qualify at 15 years old.
Saudis, GCC citizens with proof of Saudi address, and non-Saudis/GCC residents with valid Iqama.
No administration fees.
Documentation
Fill out SAIB account opening application form and attach required documents.
Attach a copy of a valid identity document.
Terms & Conditions
View the account opening terms and conditions here.
Service Standards
The entire process of opening an account takes no more than 25 minutes at any of SAIB Branches.
Your mada Debit Card, PIN and account identification card are issued immediately.
Cheque book is issued within 2-3 business days.
FAQs
It is an account opened in accordance with Islamic Sharia rules. This account allows you to issue cheques, deposit cash and fulfill all day-to-day transactions.
- Available in Saudi Riyals and other major currencies.
- Free Cheque Book.
- Free mada Debit Card for ATM Cash Withdrawals and Point of Sale (PoS) transactions.
- Free Supplementary mada Debit Card from The Saudi Investment Bank for a family member.
- Choice of account statement frequency. You can choose either a monthly, quarterly, half-yearly or yearly frequency.
The Account also facilitates:
- Settling bills and payments through SADAD.
- Transferring money within the Kingdom or abroad, through payment instructions or standing orders.
- Earn WooW points on the average balance in your account each month.
The account can be accessed via
- Saudi nationals who are at least 15 years old and hold a valid ID card.
- GCC citizens who are at least 18 years old, hold a valid passport.
- Non – Saudi nationals who are at least 18 years and hold a valid residency permit (Iqama).
- Copy of a valid national ID document.
- For expatriates, a letter of introduction from the sponsor is required.
Please click here to submit your contact details. Our representative will call you to complete formalities within 2 business days.
You can also contact our Flexx Call contact center at 800 124 8000 or visit any of our branches.