Bank AlBilad is fully Sharia-compliant. Murabaha installments are liability reductions, Ijarah payments split between principal and profit — Kashfbank tags both so coding is faster.
Convert AlBilad statementsAccountants handling Bank AlBilad clients open the same bilingual PDF format every month: Date (DD/MM/YYYY), Arabic-primary Description, Reference, Debit, Credit, Balance. The bank's full Sharia-compliance simplifies one thing — there are no "فائدة دائنة" entries to exclude. But it complicates another: Murabaha installments need correct liability coding, and Ijarah payments need a principal/profit split.
Manual re-keying of these statements is the time sink. The CSV export from Kashfbank lands directly in Zoho Books, QuickBooks, or Xero with the standard column layout (Date, Description, Debit, Credit, Balance, Category). The Category column is the value-add: Murabaha, Ijarah, POS-MADA, Sarie, SWIFT, and Salary are all pre-tagged.
Standard Sharia-compliant coding for AlBilad: "قسط مرابحة" debits the Murabaha-payable liability account (principal reduction) plus the finance-cost expense (profit portion if split per the contract schedule). "إجارة شهرية" splits between asset-acquisition (principal) and finance-cost (profit) using the lease amortization. POS-MADA debits hit operating expense at the 15% VAT-inclusive value, with input VAT recoverable against the merchant invoice.
Sarie credits ("حوالة سريعة واردة") and SWIFT inflows ("حوالة دولية واردة") code to accounts receivable or revenue depending on the client and counterparty. The CSV preserves reference numbers in the Description column, supporting three-way matching against invoices and bank reconciliations.
Each client engagement needs the same statement cut differently. The CSV cuts in seconds.
Bank AlBilad statements are bilingual PDF documents in SAR. Columns are: Date (DD/MM/YYYY), Transaction Description (Arabic-primary with English equivalent), Reference, Debit, Credit, Balance. Islamic product terminology — Murabaha, Musharaka, Ijarah — appears throughout. Statements typically include a header summary with account holder name, IBAN, and period dates.
| Label | Meaning |
|---|---|
| قسط مرابحة | Murabaha installment debit |
| إجارة شهرية | Monthly Ijarah (lease-to-own) payment |
| POS-MADA- | Mada debit card transaction |
| حوالة سريعة | Sarie instant transfer |
| راتب | WPS salary credit |
Saudi accountants using Zoho Books (dominant in KSA) or QuickBooks can import Kashf CSV exports directly; the SAR/Hijri date mapping requires the Date column to be in DD/MM/YYYY Gregorian for compatibility.
Collect AlBilad statements from your client
Request bilingual PDFs covering the bookkeeping period. AlBilad statements reflect all Sharia-compliant product activity, no Islamic-window hybrid to disentangle.
Bulk-upload to Kashfbank
Drop all PDFs into a single session. Each file converts independently and is labeled with the source filename for audit-trail clarity.
Import the CSVs into your accounting software
Zoho Books and QuickBooks accept Kashfbank's standard column layout directly. The Category column maps cleanly to your client's chart of accounts.
Code the Sharia-specific lines
Apply your client's Murabaha and Ijarah contract schedules to split principal versus profit. The CSV gives you the row dates and amounts; the contract gives you the split percentages.
Common challenges
Can Kashfbank process multiple AlBilad statements for the same client in one session?
Yes. Upload 12 months of AlBilad PDFs in a single session. Each is converted independently and labeled with the source filename. You can also merge them into one chronological CSV for year-end review.
Does AlBilad split Ijarah payments between principal and profit on the statement?
Not consistently. Some Ijarah installments appear as a single combined amount on the statement. Kashfbank tags the row as Ijarah and preserves the full amount; the principal/profit split comes from the lease schedule in the original AlBilad finance contract.
How does Kashfbank handle AlBilad transactions where the description mixes Arabic and English?
AlBilad's bilingual statements include Arabic primary descriptions with English equivalents. Kashfbank preserves both in the Description column. Your accounting software's import handles mixed-script fields without truncation if the column width is set generously.
What if a Murabaha installment row appears as a debit but my client treats it as an expense?
That is a common coding error. Murabaha installments are liability reductions (principal portion) plus finance-cost expense (profit portion). Booking the full amount as an expense overstates expenses and understates the liability. Kashfbank tags the row as Murabaha so the correct split is applied at coding time.
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Regulator: Saudi Central Bank (SAMA)
Fiscal year: Hijri fiscal year (government); Gregorian Jan–Dec (most private sector)
Full country guide →Statement language: Arabic / English