Bank AlBilad is fully Sharia-compliant. No conventional interest to exclude, but Murabaha installments and Ijarah payments still need classification in your Zakat base.
Convert your AlBilad statementBank AlBilad, founded in 2004, is fully Sharia-compliant. There are no "فائدة دائنة" entries to exclude as non-halal income — the simplifying advantage over conventional banks. But your statement still carries Murabaha installments, Ijarah monthly payments, and POS-MADA debits, each of which needs the right tax treatment before the numbers reach the ZATCA portal.
For VAT-registered businesses, the 15% rate applies to finance fees, service charges, and Mada retail debits visible in the statement. None of these need a Sharia interpretation — the VAT mechanics are identical to conventional banks. The Sharia layer is about how Murabaha and Ijarah are coded, not whether VAT applies.
The AlBilad PDF runs: Date (DD/MM/YYYY), Arabic-primary Description, Reference, Debit, Credit, Balance. Key labels: "قسط مرابحة" for Murabaha financing installments, "إجارة شهرية" for monthly Ijarah lease-to-own payments, "POS-MADA-" for VAT-inclusive Mada debits, "حوالة سريعة" for Sarie domestic transfers, and "راتب" for WPS salary credits.
Ijarah monthly payments deserve careful coding. Each installment combines a principal component (asset acquisition) and a profit component (finance cost). AlBilad does not always split the two on the statement line. For accurate Zakat-base reduction, only the profit component is a deductible expense — the principal is asset accumulation.
Each ZATCA filing needs the same statement cut differently. The CSV gives you the cuts.
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 Zakat at 2.5% applies to net Zakatable assets (capital, retained earnings, receivables minus payables); statements prove the ending balance and cash movements that enter the Zakat base calculation.
Export from AlBilad Mobile
Generate a PDF covering your Zakat year or VAT quarter. The bilingual statement reflects all Sharia-compliant product activity during the period.
Upload to Kashfbank
Drop the PDF in. Murabaha and Ijarah installments are tagged in the Category column; POS-MADA rows are flagged for VAT reconciliation.
Classify each row
Tag "قسط مرابحة" as liability reduction, "إجارة شهرية" as split between asset-acquisition and finance-cost, and POS-MADA as VAT-inclusive purchases.
File against ZATCA
Sum closing balance for the Zakat asset side. Sum POS-MADA totals for input VAT credit. Hand the labeled CSV to your accountant or upload directly to your filing tool.
Common challenges
Bank AlBilad is Sharia-compliant. Do I still need to filter the statement before Zakat filing?
Yes. Sharia compliance removes conventional interest from the picture, but Murabaha installments are still liability reductions (not expenses), and Ijarah payments are still split between principal and profit. Kashfbank tags each so the classification is explicit for your accountant.
How does Kashfbank handle Ijarah payments where principal and profit are not split?
Kashfbank tags the row as Ijarah and preserves the full installment amount. For accurate books, you apply the lease schedule manually to split each entry — the schedule comes from your AlBilad finance contract, not the statement. The CSV gives you the row dates and amounts to align with the schedule.
Does AlBilad show 15% VAT separately on Mada POS lines?
No. POS-MADA debit values are VAT-inclusive at 15%, with the breakdown on the merchant invoice. Kashfbank flags POS-MADA rows so you can match them against supplier invoices when claiming input VAT credit.
What if my Zakat year crosses a Hijri-Gregorian boundary?
AlBilad statements run on a Gregorian calendar by default. Kashfbank normalizes all dates to ISO 8601 (Gregorian) in the export. If your accountant works in Hijri, retain the original AlBilad PDF as the source reference alongside the CSV.
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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