What is the Sustainable Saving Account?
The Sustainable Saving Account is a savings account where your funds are invested in alinma’s Sustainable Portfolio. These projects are carefully selected to align with environmental and social impact objectives, such as renewable energy, green buildings, and community development.
How does my money contribute to sustainability?
Your savings are pooled with other account holders’ funds and directed toward financing sustainable projects. This ensures your money supports responsible environmental and social initiatives while earning returns.
What types of projects will my funds support?
alinma’s sustainable investments are made in accordance with the eligible project categories defined in alinma’s Sustainable Finance Framework. (Link to the framework)
Will my savings continue to earn returns?
Yes, the Sustainable Saving Account offers profit rates comparable to regular savings accounts. The only difference lies in how your funds are invested by alinma.
Is there a minimum balance required to open or maintain the account?
Yes, a minimum balance must be maintained throughout the investment period to keep the account active and eligible for profit distribution.
Can I access my money at any time?
Yes, you can withdraw your funds anytime, just like a regular savings account. However, keeping your savings invested longer allows your deposits to contribute more effectively to sustainable projects.
How can I track where my money is invested?
alinma is committed to transparency. You will have access to annual impact reports that detail the projects funded through the Sustainable Saving Account. These reports offer insights into the real-world change your savings help create. The first impact report will be published in March 2026.
How is this different from a regular savings account?
The funds in a regular savings account are invested in components of the investment pool, which include sukuk, financings, and deposits at the central bank. Meanwhile, the funds in the sustainable Savings Account are dedicated to financing specific and approved sustainability projects, focusing on achieving a positive environmental and social impact.
It is important to note that a regular savings account does not specify how the funds are used, while the sustainable Savings Account ensures that your money is directed toward sustainable investments with a positive environmental and social effect. This provides you with an opportunity to contribute to sustainable development and achieve your financial goals in line with sustainability values.Therefore, the Sustainable Growth Account is a valuable option that adds impact and enhances the effect of your investment.
How can I open a Sustainable Saving Account?
You can open your account through Branches: Visit your nearest branch .