SABB Green deposit account

SABB’s 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.

Features and Benefits of SABB's Green Deposit Account include:

  • Contribute to sustainability as deposits are used to fund eligible environmentally beneficial projects and businesses.
  • Fully Shariah compliant account.
  • Stable principal and predictable returns.
  • Minimum investment amount of SAR25,000.
  • Investment are available in Saudi Riyal (SAR)
  • Flexible investment periods of 1, 3, 6, 9 and 12 months.
  • Available only via our digital channels SABBNet and SABBMobile.

Sample of Green Project Themes

Funds contributed by you may be used toward the funding of a range of projects related to a variety of areas, including:

  • Renewable Energy
  • Energy Efficiency
  • Energy and Water Efficient Buildings
  • Sustainable Waste Management
  • Sustainable Land Use
  • Clean Transportation
  • Sustainable Water Management
  • Climate Change Adaptation

FAQs:

Example: of 1 Month subscription in SABB Green-Deposit Account:

Deposit Amount AER Period Expected Profit Amount Expected Maturity Amount
SAR50,000 %2.25 1M SAR94 SAR50,094

Example: of 9 Months subscription in SABB Green-Deposit Account:

Deposit Amount AER Period Expected Profit Amount Expected Maturity Amount
SAR100,000 %1.94 9M SAR 1455 SAR 101,455

Example: of 12 Months subscription in SABB Green-Deposit Account:

Deposit Amount AER Period Expected Profit Amount Expected Maturity Amount
SAR25,000 %2.55 12M SAR640 SAR25,640
*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.