Wafer Account is an innovative Shariah compliant product to help start your savings plan and build new saving habits.
This account offer you the option to save on a monthly basis, for your own requirements and savings needs.
At the end of the agreed term, the amount payable will be the sum of your invested capital along with accumulated profit.
Features and benefits of Wafer Account include:
- Shariah compliant Mudarabah product, approved by SAB’s Shariah Committee
- Competitive returns for short to medium term savings plans
- Minimum monthly saving amount of SAR100.
- Saving is available in Saudi Riyal
- Flexible saving periods of 12, 24 or 36 months..
- Available for children and minors
- Fully digital product, only available through SAB Online and SAB mobile.
- Zero charge for opening a Wafer account
- You can open multiple Wafer accounts
- Early termination is possible, with a reduction of 50% of accumulated profit
- Your selected deposit amount and the monthly profit each month are added to your balance, so that you earn profit both on your contribution and existing prior profits.
Example: of 12 Months subscription in (Wafer) Account:
| Deposit Amount | AER | Period | Expected Profit Amount | Expected Maturity Amount |
| 1500 | 2.67% | 12M | SAR 267 | SAR 18,267 |
Example: of 24 Months subscription in (Wafer) Account:
| Deposit Amount | AER | Period | Expected Profit Amount | Expected Maturity Amount |
| 12,000
(500 per month) | 2.0% | 24M | SAR 257 | SAR 12,257 |
Example: of 36 Months subscription in (Wafer) Account:
| Deposit Amount | AER | Period | Expected Profit Amount | Expected Maturity Amount |
| 72,000
(2000 per month) | 2.25% | 36M | SAR 2,448 | SAR 74,448 |
*AER : is an Annual Equivalent Rate, is a figure which shows what the profit rate on an account would be if profit was paid for a full year and compounded.
*AER may differ depending on the amount and the period different form the above example.
Contact SAB
Find a Branch or ATM
Careers
For Emergencies 800 124 8888 
