Account Features Shariah-Compliant A Saving product based on Mudaraba that is approved by Shariah Committee. No Fees Open an account at any time without any fees. Unified Profit Rate for All Customers An equal and unified profit rate for all customers of The Saudi Investment Bank, regardless of account segment 3.5% Annual Profit Rate Enjoy an annual profit rate of 3.5% with monthly profit distribution. Minimum Balance of 1,000 Maintain a daily balance of 1,000 or more in your AlBarakah Savings Account to qualify for profits. Minimum Balance of 1,000 Maintain a daily balance of 1,000 or more in your AlBarakah Savings Account to qualify for profits. Start Your Savings Journey in 3 Steps Open Your AlBarakah Saving Account Open your account now through your relationship manager or by visiting our branches. Transfer Your Savings Deposit a minimum of 1,000 into the account. Enjoy Profits Profits are automatically added to your Savings Account monthly. Eligibility Criteria You’re a SAIB Customer If you already have a Current Account with SAIB, you’re good to go. Minimum Balance If you maintain a minimum daily balance of 1,000, you’ll qualify to earn profits. View full Terms & Conditions Frequently Asked Questions What happens if my balance in my ALBARAKAH Saving Account drops below 1,000? If your balance falls below 1,000 , you will not earn any profit for that day during the month. Are there any fees for opening or closing the ALBARAKAH Saving Account? No, there are no fees for opening, closing, or withdrawing from your ALBARAKAH Saving Account. Can I link my ALBARAKAH Saving Account to my other accounts at The Saudi Investment Bank for automatic transfers? Yes, you can link your ALBARAKAH Saving Account to any of your other accounts at The Saudi Investment Bank. Is there a limit to how many withdrawals I can make from my ALBARAKAH Saving Account per month? There is no limit or fees for the number of withdrawals or deposits. How is my profit calculated? Profits are calculated based on the daily closing balance, provided it is not less than 1,000. When will the profit be deposited into my ALBARAKAH Saving Account? Profits are credited to your ALBARAKAH Saving Account automatically at the end of each month.