Wallets/bank-albilad
Bank Albilad (Albilad App)
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Overview
Bank Albilad (Albilad App) is Saudi Islamic commercial bank since 2004 + Tadawul: 1140 + 2023 14% mobile app users growth YoY + 71% new retail customers joining digitally + 680% surge in open-banking transactions post-BaaS APIs + 24% BaaS volume growth + 178% digital personal finance sales growth [1, 2, sa-cro]. 2025 baseline: Bank Albilad 2023 14% mobile app users growth YoY + 71% new retail customers joining digitally + 680% surge in open-banking transactions post-BaaS APIs + 24% BaaS volume growth + 178% digital personal finance sales growth; Bank Albilad witnessed impressive 680% surge in open-banking transactions after launching its Banking-as-a-Service (BaaS) APIs and comprehensively revamping its mobile application distinctive Saudi Islamic banking open-banking growth.
Distinctive Bank Albilad positioning:
- Saudi Islamic commercial bank since 2004 (Bank Albilad; Tadawul: 1140)
- 2023 14% mobile app users growth YoY distinctive Saudi Islamic banking mobile app adoption growth
- 71% new retail customers joining digitally distinctive Saudi Islamic banking digital onboarding penetration
- 680% surge in open-banking transactions after launching its Banking-as-a-Service (BaaS) APIs and comprehensively revamping its mobile application distinctive Saudi Islamic banking open-banking growth
- 24% BaaS volume growth + 178% digital personal finance sales growth distinctive Saudi Islamic banking BaaS + digital personal finance growth
- Bank Albilad Digital comprehensive suite (Albilad Net + Albilad App + Albilad Phone) distinctive Saudi Islamic banking digital channels
- 2004 Bank Albilad founding via merger of 8 money exchange firms into Saudi Islamic commercial bank distinctive Saudi Islamic banking heritage
History
2004 — Bank Albilad founded via merger of 8 Saudi money exchange firms into Saudi Islamic commercial bank distinctive Saudi Islamic banking heritage.
2010 — Bank Albilad mobile banking app launch distinctive Saudi Islamic mobile banking strategy.
2023 — Bank Albilad 14% mobile app users growth YoY + 71% new retail customers joining digitally + 680% surge in open-banking transactions post-BaaS APIs + 24% BaaS volume growth + 178% digital personal finance sales growth [1, 2, 3].
Ownership & operator
Operating entity: Bank Albilad (Tadawul: 1140; Saudi Islamic commercial bank since 2004).
Major shareholders: Saudi public investment fund PIF + General Organization for Social Insurance GOSI + Saudi retail + institutional + foreign investors.
Regulators: SAMA (Saudi Central Bank) + Sharia Board distinctive Saudi Islamic banking Sharia supervisory board oversight.
Technical integration
Albilad App mobile banking app (iOS + Android) + Albilad Net online + Albilad Phone telephone banking + Bank Albilad branch network Saudi Arabia + Bank Albilad Visa + Mastercard + mada cards; mada + SARIE (Saudi Arabian Riyal Interbank Express) + SPI (Saudi Payments Interface for instant payments); Bank Albilad Digital comprehensive suite (Albilad Net + Albilad App + Albilad Phone) + key features including online banking + mobile banking + telephone banking + allowing users to manage accounts + transfer funds + access various banking products distinctive Saudi Islamic banking digital channels + 680% surge in open-banking transactions after launching Banking-as-a-Service (BaaS) APIs + comprehensive mobile application revamp distinctive Saudi Islamic banking open-banking growth.
Users & growth
2023: Bank Albilad 14% mobile app users growth YoY + 71% new retail customers joining digitally + 680% surge in open-banking transactions post-BaaS APIs + 24% BaaS volume growth + 178% digital personal finance sales growth.
Use cases
Saudi Arabian Islamic retail + private + SME + wealth + commercial banking via Albilad App mobile + Albilad Net online + Albilad Phone telephone banking + Bank Albilad branch network Saudi Arabia + Visa/Mastercard/mada cards; mada + SARIE + SPI; Bank Albilad Digital comprehensive suite (Albilad Net + Albilad App + Albilad Phone) + key features including online banking + mobile banking + telephone banking + allowing users to manage accounts + transfer funds + access various banking products distinctive Saudi Islamic banking digital channels.
Implementations & partners
Operator: Bank Albilad (Tadawul: 1140; Saudi Islamic commercial bank since 2004); Saudi public investment fund PIF + General Organization for Social Insurance GOSI + Saudi retail + institutional + foreign investors.
Major Saudi banking + payments competitors: [[saudi-national-bank]] (Saudi National Bank SNB; Tadawul: 1180; Saudi Arabia's largest commercial bank by assets post-Apr 1 2021 NCB + Samba merger; ~75M customers) + [[al-rajhi-bank]] (Al Rajhi Bank; Tadawul: 1120; Saudi Arabia's largest Islamic bank by assets) + [[saudi-awwal-bank]] (Saudi Awwal Bank SAB; Tadawul: 1060; post-Jun 16 2019 SABB + Alawwal merger; HSBC Holdings ~31% strategic investor) + [[riyad-bank]] (Riyad Bank; Tadawul: 1010; one of the five largest Saudi banks by deposits) + [[banque-saudi-fransi]] (Banque Saudi Fransi BSF; Tadawul: 1050; Credit Agricole Corporate and Investment Bank ~31.1% strategic investor) + [[alinma]] (Alinma Bank; Tadawul: 1150; Saudi Islamic banking) + stc-pay (STC Pay; Saudi Telecom Company STC subsidiary; Western Union strategic partnership; Saudi Arabia's largest mobile wallet by users) + [[bank-aljazira]] (Bank Aljazira; Tadawul: 1020; Saudi Islamic banking; #24 Forbes Middle East 30 Most Valuable Banks 2025) + [[saudi-investment-bank]] (Saudi Investment Bank; Tadawul: 1030; Saudi commercial bank).
Regulators: SAMA + Sharia Board.
Fun facts
- Saudi Islamic commercial bank since 2004 (Bank Albilad; Tadawul: 1140).
- 2023 14% mobile app users growth YoY distinctive Saudi Islamic banking mobile app adoption growth.
- 71% new retail customers joining digitally distinctive Saudi Islamic banking digital onboarding penetration.
- 680% surge in open-banking transactions after launching its Banking-as-a-Service (BaaS) APIs and comprehensively revamping its mobile application distinctive Saudi Islamic banking open-banking growth.
- 24% BaaS volume growth + 178% digital personal finance sales growth distinctive Saudi Islamic banking BaaS + digital personal finance growth.
- Bank Albilad Digital comprehensive suite (Albilad Net + Albilad App + Albilad Phone) distinctive Saudi Islamic banking digital channels.
- 2004 Bank Albilad founding via merger of 8 money exchange firms into Saudi Islamic commercial bank distinctive Saudi Islamic banking heritage.
Comparison
| Feature | Bank Albilad | [[al-rajhi-bank]] (Al Rajhi Bank rival; Saudi Arabia's largest Islamic bank by assets) | [[alinma]] (Alinma Bank rival; Saudi Islamic banking) | [[bank-aljazira]] (Bank Aljazira rival; Saudi Islamic banking; #24 Forbes Middle East 30 Most Valuable Banks 2025) | [[saudi-national-bank]] (Saudi National Bank SNB rival; Saudi Arabia's largest commercial bank by assets) |
|---|---|---|---|---|---|
| Operator | Bank Albilad (Tadawul: 1140; Saudi Islamic commercial bank since 2004) | Al Rajhi Bank (Tadawul: 1120; Saudi Arabia's largest Islamic bank by assets) | Alinma Bank (Tadawul: 1150; Saudi Islamic banking) | Bank Aljazira (Tadawul: 1020; Saudi Islamic banking) | Saudi National Bank (Tadawul: 1180; Saudi Arabia's largest commercial bank by assets post-Apr 1 2021 NCB + Samba merger) |
| Type | Saudi Islamic commercial bank since 2004 + 2023 14% mobile app users growth YoY + 71% new retail customers joining digitally + 680% surge in open-banking transactions post-BaaS APIs + 24% BaaS volume growth + 178% digital personal finance sales growth + Bank Albilad Digital comprehensive suite (Albilad Net + Albilad App + Albilad Phone) | Saudi Arabia's largest Islamic bank by assets | Saudi Islamic banking | Saudi Islamic banking + #24 Forbes Middle East 30 Most Valuable Banks 2025 | Saudi Arabia's largest commercial bank by assets post-Apr 1 2021 NCB + Samba Financial Group merger + ~75M customers |
| Country | SA | SA + JO + KW + MY | SA | SA | SA + GB + AE + TR + KR + LB + PK |
| Distinctive | 2004 Bank Albilad founding via merger of 8 Saudi money exchange firms into Saudi Islamic commercial bank; 2010 Bank Albilad mobile banking app launch; 2023 14% mobile app users growth YoY + 71% new retail customers joining digitally + 680% surge in open-banking transactions post-BaaS APIs | 1957 Al Rajhi Bank founding by Al Rajhi family | 2006 Alinma Bank founding (Saudi Islamic bank) | 1975 Bank Aljazira founding; National Bank of Pakistan partial ownership pre-1992 | 1953 National Commercial Bank founding; Apr 1 2021 NCB + Samba Financial Group merger → Saudi National Bank |
Status
Active, Saudi Islamic commercial bank since 2004 + 2023 14% mobile app users growth YoY + 71% new retail customers joining digitally + 680% surge in open-banking transactions post-BaaS APIs + 24% BaaS volume growth + 178% digital personal finance sales growth [1, 2, 3]:
- Bank Albilad (Tadawul: 1140; Saudi Islamic commercial bank since 2004) since 2004 Bank Albilad founding via merger of 8 Saudi money exchange firms into Saudi Islamic commercial bank + 2010 Bank Albilad mobile banking app launch.
- Bank Albilad 2023 14% mobile app users growth YoY + 71% new retail customers joining digitally + 680% surge in open-banking transactions post-BaaS APIs.
- Bank Albilad Digital comprehensive suite (Albilad Net + Albilad App + Albilad Phone).
- SAMA + Sharia Board regulated.
Sources
- 1 Bank Albilad Annual Report 2024 Digital Banking & Innovation — Bank Albilad
- 2 Bank Albilad - Success Story — Temenos
- 3 Top 10 Established Banks Modernizing Saudi Arabia's Banking Sector — Synapse Analytics
- sa-cro In-corpus:
reports/countries/SA-saudi-arabia.md
Source
Biography extracted from bank-albilad.md. See matrix.md for standards-support matrix if present.