# Bank Albilad (Albilad App)

> Source: https://docs.barcoder.ai/docs/wallets/bank-albilad
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Bank Albilad — official](https://www.bankalbilad.com/)

## 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** <sup>[1][1], [2][2], [Saudi Arabia report](https://docs.barcoder.ai/docs/payments/SA)</sup>. **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** <sup>[1][1], [2][2], [3][3]</sup>.

## 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 (SNB)](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/al-rajhi-bank) (Al Rajhi Bank; Tadawul: 1120; Saudi Arabia's largest Islamic bank by assets) + [Saudi Awwal Bank (SAB)](https://docs.barcoder.ai/docs/wallets/saudi-awwal-bank) (Saudi Awwal Bank SAB; Tadawul: 1060; post-Jun 16 2019 SABB + Alawwal merger; HSBC Holdings ~31% strategic investor) + [Riyad Bank + Riyad Mobile](https://docs.barcoder.ai/docs/wallets/riyad-bank) (Riyad Bank; Tadawul: 1010; one of the five largest Saudi banks by deposits) + [Banque Saudi Fransi (BSF Mobile)](https://docs.barcoder.ai/docs/wallets/banque-saudi-fransi) (Banque Saudi Fransi BSF; Tadawul: 1050; Credit Agricole Corporate and Investment Bank ~31.1% strategic investor) + [Alinma Bank](https://docs.barcoder.ai/docs/wallets/alinma) (Alinma Bank; Tadawul: 1150; Saudi Islamic banking) + [STC Pay](https://docs.barcoder.ai/docs/standards/stc-pay) (STC Pay; Saudi Telecom Company STC subsidiary; Western Union strategic partnership; Saudi Arabia's largest mobile wallet by users) + [Bank Aljazira (Saudi Arabia)](https://docs.barcoder.ai/docs/wallets/bank-aljazira) (Bank Aljazira; Tadawul: 1020; Saudi Islamic banking; #24 Forbes Middle East 30 Most Valuable Banks 2025) + [Saudi Investment Bank](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/al-rajhi-bank) (Al Rajhi Bank rival; Saudi Arabia's largest Islamic bank by assets) | [Alinma Bank](https://docs.barcoder.ai/docs/wallets/alinma) (Alinma Bank rival; Saudi Islamic banking) | [Bank Aljazira (Saudi Arabia)](https://docs.barcoder.ai/docs/wallets/bank-aljazira) (Bank Aljazira rival; Saudi Islamic banking; #24 Forbes Middle East 30 Most Valuable Banks 2025) | [Saudi National Bank (SNB)](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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]: https://www.bankalbilad.com.sa/annual-report-2024/pdf/all/operational_review/digital_banking_innovation.pdf "Bank Albilad Annual Report 2024 Digital Banking & Innovation — Bank Albilad"
[2]: https://www.temenos.com/success-story/bank-albilad-success-story/ "Bank Albilad - Success Story — Temenos"
[3]: https://synapse-analytics.io/blog/top-10-established-banks-modernizing-saudi-arabias-banking-sector "Top 10 Established Banks Modernizing Saudi Arabia's Banking Sector — Synapse Analytics"
[sa-cro]: https://docs.barcoder.ai/docs/payments/SA

- [1] [Bank Albilad Annual Report 2024 Digital Banking & Innovation — Bank Albilad][1]
- [2] [Bank Albilad - Success Story — Temenos][2]
- [3] [Top 10 Established Banks Modernizing Saudi Arabia's Banking Sector — Synapse Analytics][3]
- <sup>[Saudi Arabia report](https://docs.barcoder.ai/docs/payments/SA)</sup> In-corpus: `reports/countries/SA-saudi-arabia.md`

## Source

Biography extracted from [bank-albilad.md](https://docs.barcoder.ai/source/wallets/bank-albilad). See `matrix.md` for standards-support matrix if present.