Bank Albilad is a Saudi bank established in 2004 with the approval of Saudi central bank, called Saudi Arabia Monetary Agency (SAMA). Its initial authorized capital was 6.0 billion Saudi riyals. Headquartered in Riyadh, it is a pure and full-fledged Islamic bank. Islamic banks do not lend out money at interest, but have elaborated an alternative system of operations based upon profit sharing, joint-venture and cost-plus contracts. Bank Albilad offers business finance, retail banking and investment products with a branch network across the whole country, including several women’s branches. It offers financing for business activities through common Sharia-compliant products, such as morabaha, musharaka, modaraba, istisna, enterprise financing, securitization financing and trade finance. Also, the bank offers personal financing services, related to credit and debit cards, auto and real estate purchase schemes. The bank has implemented the Third Basel Accord on disclosure of capital structure and liquidity coverage ratio.
P.O Box 140,Al Riyadh 11411
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