| Minimum Balance Required | Currencies | Features | |
|---|---|---|---|
SABB - Islamic Current Account
|
Minimum Balance: USD 1,000 | Currencies: | Features: Islamic Finance, Sharia Compliant |
Islamic Current Account offers you all the benefits you are looking for. Available with Mada Pay, Debit Card and cheque books, you can access your account easily and make transactions anywhere in the world.
Islamic Current Account offers you all the benefits you are looking for. Available with Mada Pay, Debit Card and cheque books, you can access your account easily and make transactions anywhere in the world.
Features & Benefits:
- Islamic Current Account can be opened in any of 22 currencies, including Saudi Riyals, US Dollar, British Pound, Euro, Pakistan Rupee, Indian Rupee, Egyptian Pound, Philippine Peso and all GCC currencies
- Debit card with unlimited transactions anywhere in the world, that also support Mada Pay and is available as a physical or virtual card
- Free cheque book
- Standing Instructions Service
- Statements in Arabic or English
- Free access to your account at any time via SAB Mobile, SAB Phone (telephone banking) or SAB Online (internet banking)
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
