Bank AlJazira is fully Sharia-compliant. Murabaha installments are liability reductions and AlJazira Capital profit distributions are zakatable wealth — both need correct coding.
Convert your AlJazira statementBank AlJazira, founded in 1975 and fully converted to Sharia-compliant operations in 2007, distributes Sharia-compliant profits — not conventional interest. There are no "فائدة دائنة" entries to exclude. For individual Zakat, profit distributions from AlJazira Capital investment accounts must be included in the Zakat base; they are zakatable wealth, not interest.
For VAT-registered businesses, the 15% rate applies to Mada retail debits, e-commerce purchases, and bank service fees visible in the statement. The VAT mechanics are identical to conventional banks. The Sharia layer is about how Murabaha installments and investment profits are coded for Zakat, not whether VAT applies.
The AlJazira PDF runs: Date (DD/MM/YYYY), Arabic-primary Description, Reference, Debit, Credit, Running Balance. Key labels: "قسط مرابحة" for Murabaha financing installments, "إجارة" for Ijarah lease payments, "أرباح استثمارية" for investment profit distributions from AlJazira Capital, "POS-MADA-" for VAT-inclusive Mada debits, and "راتب" for WPS salary credits.
AlJazira Capital profit distributions deserve special attention. They appear with a subsidiary reference that differs from standard transaction labels. Kashfbank tags them as investment income — distinct from operating income — so the Zakat base calculation includes them as zakatable wealth without inflating freelance or business revenue.
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Bank AlJazira statements are bilingual PDFs in SAR. Columns are: Date (DD/MM/YYYY), Transaction Description (Arabic-primary), Reference, Debit, Credit, Running Balance. Islamic product names — Murabaha, Ijarah, Musawama — appear in Arabic in the description column. The header includes account IBAN, holder name, and statement period.
| Label | Meaning |
|---|---|
| قسط مرابحة | Murabaha financing installment |
| POS-MADA- | Mada debit purchase at point of sale |
| حوالة سريعة | Sarie instant domestic transfer |
| راتب | WPS salary credit |
| أرباح استثمارية | Investment profit distribution from AlJazira Capital |
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 Bank AlJazira App
Generate a bilingual PDF covering your Zakat year or VAT quarter. AlJazira statements reflect all Sharia-compliant product activity in the period.
Upload to Kashfbank
Drop the PDF in. Murabaha installments, Ijarah payments, AlJazira Capital profits, and POS-MADA debits are tagged separately in the Category column.
Classify each row
Tag "قسط مرابحة" as liability reduction, "إجارة" as principal-versus-profit split per the lease schedule, "أرباح استثمارية" as investment income (zakatable wealth), and POS-MADA as VAT-inclusive purchases.
File against ZATCA
Sum closing balance plus zakatable wealth (profit distributions) for the Zakat asset side. Sum POS-MADA totals for input VAT credit. Hand the labeled CSV to your accountant or upload directly.
Common challenges
Bank AlJazira 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, Ijarah is still split between principal and profit, and AlJazira Capital profit distributions are still zakatable wealth. Kashfbank tags each so the classification is explicit.
How does Kashfbank treat "أرباح استثمارية" entries for Zakat?
Profit distributions on AlJazira Capital investment accounts are part of zakatable wealth, taxed at 2.5% under standard Zakat rules. They are not freelance or business income. Kashfbank tags them under Investment Income so your accountant applies the correct Zakat treatment without double-counting them as operating revenue.
Does AlJazira 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.
I bank with AlJazira and also hold an AlJazira Capital investment account. Are both on one statement?
Not always. AlJazira current accounts and AlJazira Capital investment accounts can be statemented separately. If you have both, upload both PDFs to Kashfbank. The profit-distribution rows on the investment statement are tagged distinctly from the operating transactions on the current account.
Freelancers
Extract, categorize, and export freelance income and expenses from PDF bank statements — ready for 1099, self-assessment, or ZATCA filings.
Loan Applications
Prepare clean, lender-ready bank statement exports that prove stable income and responsible financial behavior for personal and business loan applications.
Mortgage Applications
Prepare 6–12 months of verified, structured bank statement data for mortgage underwriting — covering down payment seasoning, income stability, and GCC real estate requirements.
Regulator: Saudi Central Bank (SAMA)
Fiscal year: Hijri fiscal year (government); Gregorian Jan–Dec (most private sector)
Full country guide →Statement language: Arabic / English