When it comes to managing your finances in a Sharia-compliant manner, the SABB Islamic Current Account offers everything you need. We have explored and experienced this account in depth, and here’s our take on why it stands out.
Key Features and Benefits of SABB Current Account
Multi-Currency Account – We love the flexibility of being able to open an account in any of 22 currencies. Whether you deal in Saudi Riyals, US Dollars, British Pounds, Euros, or even Indian Rupees and Philippine Pesos, SABB has you covered. This feature is perfect for expatriates and those who conduct international business.
Debit Card Features – The debit card that comes with the SABB Islamic Current Account is a real game-changer. It supports unlimited transactions worldwide. Plus, it works with Mada Pay, which makes contactless payments a breeze. You can choose between a physical or virtual card, providing even more convenience.
Free Cheque Book and Standing Instructions – Having a free cheque book at our disposal is a huge plus. We found it very handy for transactions that still require cheques. The standing instructions service means we can automate our regular payments, saving time and avoiding late fees.
Easy Account Access – SABB offers free access to your account through SAB Mobile, SAB Phone, and SAB Online. Whether we are at home or on the go, managing our finances is straightforward and hassle-free. The account statements are available in both Arabic and English, catering to a wider audience.
How to Open Your Account Online?
Eligibility Criteria
Opening a SABB Islamic Current Account is incredibly easy and can be done entirely online. Here’s what you need:
- Active Absher Account: This is essential for digital verification.
- Valid National ID/Iqama: Your identification for verification purposes.
- Valid National Address: Ensure your address is registered and up-to-date.
- Age Requirement: You must be over 18 years old.
- Residency: You need to be inside the Kingdom of Saudi Arabia.
Steps to Open the Account Easily
- Visit the SABB website and click on “Open Online Account”.
- Enter your National ID/Iqama and accept the terms and conditions.
- Enter your registered mobile number. The system will verify it.
- Complete the Captcha.
- Approve the request via the Nafath application using your biometric details.
- Your personal information will be retrieved from Absher and automatically filled in.
- Verify and update your details if necessary.
- Enter your employment details.
- Choose how you want to receive your debit card: self-service kiosk, nearest branch, or mail.
- Complete the process and receive a confirmation SMS.
Pros and Cons of SABB Current Account
Pros
- Convenience: Open your account online anytime, from anywhere. The digital process is seamless and user-friendly.
- Multiple Currencies: This is ideal for international transactions and travel.
- Global Transactions: Unlimited debit card transactions make spending easy, no matter where you are.
- Sharia Compliance: Peace of mind knowing your banking is aligned with Islamic principles.
- Secure and Safe: Digital ID authentication and secure processes ensure your account is safe.
Cons
- Physical Signature Needed for Some Services: Certain services like cheque books require a visit to the branch.
- Geographical Restriction: Account opening is limited to residents within Saudi Arabia.
Explore more bank accounts in Saudi Arabia.
Our Experience and Recommendations
We loved how easy it was to open the SABB Islamic Current Account online. The process was smooth, and we appreciated the instant issuance of the virtual debit card. The multiple currency feature is particularly useful for anyone dealing with international transactions. We recommend ensuring your Absher account and national address are up-to-date before starting the process. This will save you time and make the process even smoother.
Explore Other Current Account Options
| Riyad Bank Current Account | Mashreq Bank – Current Account |
| HSBC Standard Corporate Current Account | ADCB Current Account |
| CBQ Current Account | Commercial Bank Dubai Current Account |
FAQs
Can I open a SABB Islamic Current Account if I am under 18?
No, you must be over 18 years old.
What documents do I need?
You need a valid National ID/Iqama, an active Absher account, and a valid National Address.
Can I use the debit card internationally?
Yes, you can make unlimited transactions globally.
Do I need to visit a branch to open an account?
No, you can open your account entirely online.
How will I receive my debit card?
You can choose to print it at a self-service kiosk, have it mailed, or pick it up from a branch.
I’m Shafique, a financial expert with over 10 years of experience. I specialize in helping people manage their money wisely and make smart borrowing decisions. My practical advice is tailored to real-life needs, making complex financial strategies easy to understand.