Bank AlBilad is active in Islamic home finance under Sakani and REDF. Underwriters want six months of clean salary credits, a seasoned down payment, and a clear Ijarah-payment fit.
Convert your AlBilad statementBank AlBilad participates in Sakani (Saudi Real Estate Refinance Company) and REDF-supported Islamic home finance. The standard package is Ijarah Muntahiya Bittamleek — lease-to-own with a final ownership transfer. Underwriters require six months of bank statements to verify income stability and confirm the down payment has seasoned in the account for at least 60 days.
AlBilad's bilingual PDF is well-organized but Arabic-primary. Converting six months to CSV gives the underwriter and you the same view: a chronological transaction list with salary credits, existing installments, and the down-payment accumulation traceable row by row.
The AlBilad statement runs: Date (DD/MM/YYYY), Description (Arabic-primary), Reference, Debit, Credit, Balance. Mortgage underwriters care about "راتب" for monthly salary credits, "قسط مرابحة" or "إجارة شهرية" for existing finance obligations, and the closing balance row at month-end.
Down-payment seasoning is the trickiest part. Any large credit within 60 days of the application that is not a salary or recurring transfer raises questions. The CSV makes the credit-side flow visible: trace the down-payment funds back through the statement history and confirm they were already present, not recently moved in from elsewhere.
Underwriters do not need every row — they need the rows that prove the four pillars: income, debt burden, down-payment seasoning, and balance stability.
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 |
Sakani (Saudi Real Estate Refinance Company) mortgages require 3 months of SAMA-bank statements showing WPS salary credits; foreign income requires SWIFT-verified equivalents.
Export six months from AlBilad Mobile
Download bilingual PDFs covering the last six completed months. Include any other AlBilad accounts where the down payment is held.
Upload to Kashfbank
Drop the PDFs in. Kashfbank merges them into a single chronological CSV with salary, installments, and down-payment activity tagged.
Verify down-payment seasoning
Filter the CSV to credits over SAR 50,000. Confirm the down-payment balance was in the account at Day-1 of the 60-day window. Flag any unexplained large credit for a source letter.
Submit to AlBilad with the original PDFs
Hand the original AlBilad PDFs to the underwriter. Use the CSV to walk your accountant or advisor through the file before submission, so any issue is fixed before it reaches AlBilad.
Common challenges
What does down-payment seasoning mean for an AlBilad Sakani mortgage?
Seasoning means the down-payment funds have been in your AlBilad account for at least 60 days before application. The point is to rule out borrowed down payments. Kashfbank's six-month CSV shows the funds' presence from Day-1, no large recent credit of unexplained origin.
How does Kashfbank handle a large family gift used for the down payment?
The CSV pinpoints the gift's exact deposit date and amount. Pair it with a gift letter from the donor confirming the funds are non-repayable. The combined documentation (CSV row plus gift letter) satisfies the underwriter's source-of-funds requirement.
AlBilad Ijarah payments are split between principal and profit. Does that matter for underwriting?
Underwriters look at the total monthly installment for debt-burden calculation, not the split. The full Ijarah payment counts. Kashfbank tags the row as Ijarah and preserves the full installment amount in the CSV.
Can I use AlBilad statements plus statements from another bank for the down payment?
Yes. Upload PDFs from each bank separately. Kashfbank converts each to its own CSV. You can merge them in Excel for a unified asset picture, then walk the underwriter through both — AlBilad for salary and installments, the other bank for the down-payment source.
Freelancers
Extract, categorize, and export freelance income and expenses from PDF bank statements — ready for 1099, self-assessment, or ZATCA filings.
Tax Preparation
Convert PDF bank statements to clean spreadsheets for Zakat, VAT, corporate tax, and self-assessment filings across GCC and international markets.
Loan Applications
Prepare clean, lender-ready bank statement exports that prove stable income and responsible financial behavior for personal and business loan applications.
Regulator: Saudi Central Bank (SAMA)
Fiscal year: Hijri fiscal year (government); Gregorian Jan–Dec (most private sector)
Full country guide →Statement language: Arabic / English