Al Mothmer Saving Account

Grow your savings, harvest returns

Start saving and benefit from competitive rates and a Zakat Exempt option.

Benefits

Benefits of Al Mothmer Saving Account

Shariah compliant

Structured under the Mudarabah principle.

Zakat-exempt option

A saving option that is exempt from Zakat is available.

Monthly Payment

Profit is credited to your account every month.

Daily calculation

Profit is calculated daily on your balance.

No minimum balance

No minimum balance required to open the account.

Free mada card

A complimentary mada debit card with your account.

Competitive profit

Competitive expected profit rates on your savings.

No fees

Deposit and withdraw at any time, with no fees.

Choose your account

Choose the saving solution that suits you best

Al Mothmer Saving Account

A Sharia-compliant savings account with competitive expected profit rates — structured under the Mudarabah principle.

Expected Profit Rate: Up to 3.65%
Zakat: 2.50%
Minimum Balance: No minimum
Maximum Balance: No maximum

Al Mothmer Saving Account — Zakat Exempt

The Zakat-exempt variant invests your funds in non-Zakatable assets- offering competitive returns.

Expected Profit Rate: Up to 2.50%
Zakat: Exempted
Minimum Balance: No minimum
Maximum Balance: No maximum

How to open

Start growing your savings in 2 simple steps

Open your account

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Apply in minutes or visit your nearest branch to open your Al Mothmer Saving Account.

Deposit your funds

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Deposit your amount into your Al Mothmer Saving Account to start earning.

Earn and grow

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Enjoy daily-calculated profit credited to your account every month.

Eligibility

Requirements and documents

Have the following ready before you start your application — we’ll guide you through the rest.

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National ID (Ahwal)

Required for Saudi Nationals. A valid National ID card is needed to verify your identity and complete the account opening process.

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Residency ID (Iqama)

Required for non-Saudi residents. A valid Iqama is needed to confirm your residency status and eligibility to open an account.

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Account opening form

A completed account opening form — available at any Emirates NBD branch or through ENBD X if a current account already exists.

Frequently asked questions

Everything you need to know about Al Mothmer Saving Account.

It is a Sharia-compliant savings account based on the Mudarabah principle with a Zakat-exempt option, where your funds are invested to generate expected profit returns.

The deposited funds will be invested in non-Zakatable assets.

The account offers competitive expected returns, full digital access, a free debit card and flexibility to manage your funds anytime.

Any resident individual, including minors (opened and operated by his/her guardian) can open a Savings Account.

No, a company is not eligible to open this Account.

Al Mothmer Saving Account is available for the following Individuals:

Saudi Resident Individuals including joint account holders.
Expatriate Individuals residing in Saudi Arabia including joint account holders.

Yes, a Minor’s account can be opened and operated by the guardian.

Accounts are available in SAR.

Profits are calculated daily and credited monthly.

Your balance participates in a Mudarabah pool. Profit is calculated based on daily balances and distributed monthly according to declared rates.

No, there is no minimum balance requirement.

Yes, you can deposit and withdraw funds at any time without restrictions.

No, there are no fees for withdrawals.

Resources

Important links and documents

T&Cs – Al Mothmer Saving account

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Terms and conditions for Al Mothmer Saving Account.

T&Cs – Al Mothmer Saving account – Zakat Exempt

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Terms and conditions for Al Mothmer Saving Account (Zakat Exempt).

Fatwa

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Sharia Fatwa governing the Al Mothmer Saving Account.

Expected profit rates

Daily balance tier (SAR)	Expected profit rate (p.a.)	Profit calculation	Profit payment	Withdrawals per month
From 0.1 to 499,999.99	2.50%	Daily	Monthly	Unlimited
From 500,000.00 to 999,999.99	3.00%
From 1,000,000.00 to 9,999,999.99	3.50%
From 10,000,000.00+ (upwards)	3.65%

Monthly profit calculation examples

Daily balance tier (SAR)	Profit rate	Daily balance (SAR)	Profit payable (SAR)
From 0.1 to 499,999.99	2.50%	250,000.00	538.19
From 500,000.00 to 999,999.99	3.00%	500,000.00	1,291.67
From 1,000,000.00 to 9,999,999.99	3.50%	1,000,000.00	3,013.89
From 10,000,000.00+ (upwards)	3.65%	15,000,000.00	47,145.83

Profit calculation formula: (Daily Balance) × (Profit Rate %) × (Number of days in a month / 360).

AER: Annual Equivalent Rate — the profit rate on an account if profit was paid for a full year. Examples assume 31 days in the month and that the daily balance remains the same on each day.

Expected profit rates

Daily balance tier (SAR)	Expected profit rate (p.a.)	Profit calculation	Profit payment	Withdrawals per month
From 0.1 to 999,999.99	1.50%	Daily	Monthly	Unlimited
From 1,000,000.00+ (upwards)	2.50%	Daily	Monthly	Unlimited

Monthly profit calculation examples

Daily balance tier (SAR)	Profit rate	Daily balance (SAR	Profit payable (SAR)
From 0.1 to 999,999.99	1.50%	250,000.00	322.92
From 1,000,000.00+ (upwards)	2.50%	1,000,000.00	2,152.78

Profit calculation formula: (Daily Balance) × (Profit Rate %) × (Number of days in a month / 360).

AER: Annual Equivalent Rate — the profit rate on an account if profit was paid for a full year. Examples assume 31 days in the month and that the daily balance remains the same on each day.

Grow your savings, harvest returns

Benefits

Benefits of Al Mothmer Saving Account

Shariah compliant

Structured under the Mudarabah principle.

Zakat-exempt option

A saving option that is exempt from Zakat is available.

Monthly Payment

Profit is credited to your account every month.

Daily calculation

Profit is calculated daily on your balance.

No minimum balance

No minimum balance required to open the account.

Free mada card

A complimentary mada debit card with your account.

Competitive profit

Competitive expected profit rates on your savings.

No fees

Deposit and withdraw at any time, with no fees.

Choose your account

Choose the saving solution that suits you best

Al Mothmer Saving Account

Al Mothmer Saving Account — Zakat Exempt

How to open

Start growing your savings in 2 simple steps

Open your account

Deposit your funds

Earn and grow

Eligibility

Requirements and documents

badge National ID (Ahwal)

contact_page Residency ID (Iqama)

description Account opening form

Frequently asked questions

What is Al Mothmer Saving Account?

Where will the money be invested in the Zakat-Exempt option?

What are the key benefits?

Who can open this account?

Is a company eligible to open this account?

What is the eligibility criteria to open a Al Mothmer Saving Account?

Can a minor open and operate this account?

In what currency can I open the account?

When are profits paid?

How is profit calculated?

Is there a minimum balance requirement?

Can I withdraw anytime?

Are there any withdrawal fees?

Resources

Important links and documents

T&Cs – Al Mothmer Saving account

T&Cs – Al Mothmer Saving account – Zakat Exempt

Fatwa

badge
National ID (Ahwal)

contact_page
Residency ID (Iqama)

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Account opening form