Hasaad Account
It is a savings account that is Mudaraba-centric. It is compliant with the provisions of Islamic Sharia where the bank allows the customer the flexibility in withdrawing and depositing from this account and conducting other banking services in accordance to the terms and conditions...
Benefits of Hassad Account
Get key benefits and convenience with Hassad account, designed to enhance your banking experience.
Monthly or daily dividends
Earn profits distributed monthly underSharia compliance.
Competitive Rates
Benefit from competitive profit rates on your savings.
Digital account
Open and manage your account via the Al Rajhi app.
Flexible access
Withdraw and deposit anytime with ease.
No fees
Open or close your account without any fees
E-statments
Get your account, statement electronically
Minimum Balance for Profit Calculation & Profit Rates
The minimum balance required to be eligible is SAR 5,000.
| Profit rate | Balance |
|---|---|
| 2.40% | SAR 5,000 - SAR 99,999 |
| 2.70% | SAR 100,000 - SAR 299,999 |
| 3.00% | SAR 300,000 - SAR 499,999 |
| 3.20% | SAR 500,000 - SAR 1,999,999 |
| 3.50% | SAR 2,000,000 - SAR 4,999,999 |
| 3.60% | 5 Million & Above |
Minimum Balance for Profit Calculation:
The minimum daily balance required to be eligible is SAR 5,000
| Tenor | Profit rate |
|---|---|
| SAR 5,000 - SAR 499,999 | 2.20% |
| SAR 500,000 - SAR 1,999,999 | 2.50% |
| 2 Million & Above | 3.00% |
Minimum Balance for Profit Calculation & Profit Rates:
The minimum balance required to be eligible f is SAR 5,000.
| Balance | Profit rate |
|---|---|
| SAR 5,000 - SAR 499,999 | 2.00% |
| SAR 500,000 - SAR 1,999,999 | 2.20% |
| 2 Million & Above | 2.80% |
Compare Products
| Product Name | Profit Calculated | Suitable for who | Profit distributed | Minimum balance for profits calculated | Ability to withdraw any time | Profits up to |
|---|---|---|---|---|---|---|
| Hassad Minimum | Lowest balance during the month | Maintain a stable balance throughout the month | Monthly | SAR 5,000 | Yes | %3.60 |
| Hassad Daily | End-of-day balance | Frequently changing balances throughout the month |
-Monthly |
SAR 5,000 | Yes | %2.80 |
| Hassad Daily distribution | End-of-day balance | Receive profits on a daily basis | Daily |
SAR 5,000 | Yes | %2.80 |
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