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Deposit Accounts

Ithmar Deposit Account

Ithmar Deposit Account

A Shariah-compliant SAR Current Account with competitive anticipated profit rates which go higher every time your average balances increases.


Features and benefits:

  • Shariah-compliant Current Account which pays competitive anticipated profit rates based on the performance of Mudaraba pool
  • Low minimum balance requirement - SAR 5,000

Eligibility:

  • Individuals - Saudis, residents and GCC
  • Small and medium enterprises in KSA

Required documents:

  • Open a FAB account

General Terms & Conditions
Ithmar Terms & Conditions

Hassad Deposit Account

A Shariah-compliant SAR term deposit with the full anticipated profit paid upfront and which allows partial restrictions with adjustment to anticipated profit rates.


Features and benefits:

  • Available in multiple tenures
  • Deposit account with 3 different options starting from 3 months to 12 months with different term-based anticipated profit rates
  • Make a withdrawal from the deposit, and rebook
  • Withdrawn amounts before the lapse, it is subject to anticipated profit at 0.25% of the deposit amount
  • The amounts withdrawn in full or in parts after the lapse of half term (from the deposit dates) shall be subject to anticipated profit rate of 0.5% p.a.

Eligibility:

  • Individuals - Saudis, residents and GCC
  • Small and medium enterprises in KSA

Required documents:

  • Open a FAB account

General Terms & Conditions
Hassad Terms & Conditions



Apply Now

Enter your details and we will call you back within
48 hours to proceed with your application.
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General Contact

contact@bankfab.com

Expect a reply within 48 hours

KSA Helpline 800 124 2222 - International Helpline +966 9200 10695
 

Branch and Office Address

Riyadh

 
Cayan Group Building, King Fahd Rd - Al Malqa Dist. Riyadh 13524 Kingdom of Saudi Arabia

Office Address

Jeddah

 
Randa Tower, No#7915, King AbdulAziz Road An Nahdah District, Jeddah 23523, Kingdom of Saudi Arabia

Office Address

Khobar

 
Al Reziza Tower, King Fahd Ibn Abdul Azizi Road - Al Bandariyah Dist. Al Khobar 34424 Kingdom of Saudi Arabia