Bank Albilad
{{Short description|Financial institution in the Kingdom of Saudi Arabia}}
{{Infobox company
| name = Bank Albilad
بنك البلاد
| logo = Bank Albilad Logo.svg
| image = Bank Albilad - ATM.jpg
| image_caption =
| type = Public
| traded_as = {{Saudi Stock Exchange|1140}}
| key_people = Nasser Mohammed Al-Subeaei (Chairman), Abdulaziz bin Mohammed Al-Onaizan (CEO)
| industry = Finance
| products = Financial services
| num_employees = 2,300+
| website = {{URL|https://www.bankalbilad.com/en/}}
| company_slogan =
| foundation = {{start date and age|2004|11|4|df=yes}}
| location = Riyadh, Saudi Arabia
}}
Bank Albilad ({{langx|ar|بنك البلاد}}) is an Islamic Saudi bank established in 2004.
History
The bank was established in 2004. The brothers Mohammed and Abdullah Ibrahim Al Subeaei are significant stakeholders.{{Cite news |date=19 August 2009 |title=Saudi Rich List-Al Subeaei Family |work=Arabian Business |url=https://www.arabianbusiness.com/abnews/saudi-rich-list-al-subeaei-family-88477 |access-date=3 February 2023}}
In 2009, the bank renewed its entire inventory of ATM machines.{{Cite web |title=Abana to replace AlBilad teller machines |url=https://www.tradearabia.com/news/CONS_170382.html |access-date=2023-02-03 |website=www.tradearabia.com}}
Bank Albilad is a Saudi joint stock company, headquartered in Riyadh. In May 2022 its shareholders approved an increase in capitalization to 10 billion Saudi Riyals through a 1-for-3 issue of shares.{{Cite web |title=10 Billion capital |url=https://www.argaam.com/en/article/articledetail/id/1551326}}
Enjaz Banking Services is the remittance department of Bank Albilad.{{cite web| url=http://www.arabnews.com/node/1210776/saudi-arabia| title=No VAT on expat remittances in Saudi Arabia, say bankers| first=Ghazanfer| last=Ali Khan| date=December 18, 2017| website=Arab News}}
In February 2021, Nasser Mohammed Al-Subeaei was appointed chairman of the board of directors and Fahd Abdullah Bindekhayel as Vice Chairman.{{Cite web|date=2021-02-07|title=Bank Al-Bilad appoints Nasser Al-Subeaei as chairman, Fahd Bindekhayel as vice chairman|url=https://arab.news/w4fp4|access-date=2021-02-07|website=Arab News|language=en}}
Services
Bank Albilad offers products and services complaint with sharia (Islamic) law. The bank provides retail banking products, business products, investment products through the bank investment arm “Albilad Capital ”, international remittance services through the bank Remittance Arm “Enjaz ”.{{cite news |title=Bank Albilad Remittance Services |url=https://economictimes.indiatimes.com/nri/forex-and-remittance/saudis-bank-albilad-with-transfast-to-launch-remittance-services/articleshow/50025156.cms?from=mdr |access-date=25 July 2021 |work=The Economic Times |date=3 December 2015 |ref=5}}
Board of directors
- Nasser bin Mohammed Al-Subeaei. (Chairman of the Board of Directors)
- Adeeb Mohammed Abanumai. (Vice Chairman of the Board)
- Zeyad Othman Alhekail. (member)
- Abdulaziz Mohammed AlOnaizan. (member)
- Khalid Abdul Rahman AlRajhi. (member)
- Haitham Sulaiman AlSuhaimi. (member)
- Nasser Sulaiman Abdullah AlNasser (member)
- Mohammed Abdulrahman Abdulaziz AL Rajhi (member)
- Haitham Mohammad Abdulrhman Alfayez (member)
- Muadh Abdulrahman Hasan Alhusaini (member){{Cite web |title=Board of Directors |url=https://www.marketscreener.com/quote/stock/BANK-ALBILAD-6498692/company/}}
Sharia Committee Members
- Sheikh Abdullah Al-Ammar
- Sheikh Mohammed Al-Osaimi
- Sheikh Yousef Al-Shubaily{{Cite web |title=Sharia Committee |url=https://zatca.gov.sa/en/AboutUs/ShariaMembers/Pages/Member_009.aspx}}
Objective
The stated objective of Bank Albilad is to provide all Islamic Sharia compliant banking services. The bank has, as part of its organizational structure, a Sharia Department to be in charge of the follow-up and monitoring of the implementation of the Sharia decisions issued by the Sharia Committee.{{Cite web|url=https://www.bankalbilad.com/en/about/pages/more-about-albilad.aspx/#chart_tab5|title=Bank Albilad|last=Tadawul|website=www.tadawul.com.sa|access-date=2019-01-30}} The bank has worked on launching a number of projects to serve people with disabilities. The bank has rehabilitated a branch equipped with all the necessary capabilities to serve people with special needs, which enables people with motor, hearing, and visual disabilities to carry out all banking operations with complete ease. Dictionary of Bank Transactions in Sign Language In cooperation with specialists, the Bank has adopted a dictionary that contains terms of banking transactions in sign language to enable people with hearing disabilities to complete their transactions with confidence and ease. Adapting a number of the bank's automated teller machines around the Kingdom for the use of the blind, through the development of special software and guiding ground paths.{{Cite web |date=2020-07-07 |title="بنك البلاد": أكثر من 53 برنامجاً ومبادرة ضمن برامج المسؤولية المجتمعية تحت شعار "البلاد مبادرة" |url=https://www.argaam.com/ar/article/articledetail/id/1383433 |access-date=2023-06-16 |archive-date=2020-07-07 |archive-url=https://web.archive.org/web/20200707131221/https://www.argaam.com/ar/article/articledetail/id/1383433 |url-status=bot: unknown }}
See also
{{Portal|Saudi Arabia|Banks}}