Green Deposit Account is an innovative Shariah compliant Time Deposit that offers the opportunity to fulfil your personal sustainability goals through investing your funds to support financing of environmentally friendly projects in Saudi Arabia, with attractive returns in the short to medium term.
Sample of Green Project Themes
Renewable Energy
Energy Efficiency
Energy and Water Efficient Buildings
Sustainable Waste Management
Sustainable Land Use
Clean Transportation
Sustainable Water Management
Climate Change Adaptation
The minimum investment amount of SAR 25,000 is required.
No, there are no fees to open or maintain the account.
No, the Green Deposit account is available exclusively via SAB Online.
Accounts can be opened in Saudi Riyals Only.
Yes, it is fully Shariah compliant and uses the Murabaha Shariah concept.
SAB will provide a quarterly report containing portfolio level information which will be available via the Internet, to keep clients informed about how the sectors that their funds have benefited.
To view the report, click here
Yes, you will have the option to break your deposit. Please visit the branch for assistance.
Profit rates may differ depending on the amount and the period selected. It can be viewed before completing the process of booking the deposit via SAB Online.
Funds deposited through Green Deposits are used to finance environmentally beneficial projects only. Availability of such projects determines the volume and might limit the availability of this account.
There are no material differences except that we will invest your funds to support financing of environmentally friendly projects in Saudi Arabia.
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