Al Rajhi vs SNB: Comparing Their Bank Statements Side by Side
Saudi Arabia's two largest banks issue very different PDFs. Murabaha rows, value-date columns, legacy NCB headers — here's what each statement actually looks like.
Al Rajhi Bank
Saudi Arabia
Al Rajhi Bank is the world's largest Islamic bank by assets and one of Saudi Arabia's most prominent financial institutions. Founded in 1957, it offers Sharia-compliant banking products to millions of customers across the Kingdom and beyond. Its PDF statements are clearly structured with transaction dates, descriptions, and running balances.
Saudi National Bank (SNB)
Saudi Arabia
The Saudi National Bank (SNB) is the largest bank in Saudi Arabia by assets, formed in 2021 through the merger of National Commercial Bank and Samba Financial Group. It serves millions of retail and corporate customers with a full suite of conventional and Islamic banking products. Statements are clean, well-formatted PDFs with comprehensive transaction detail.
Same country, different bank philosophy
Al Rajhi was founded in 1957 and is fully Sharia-compliant. It serves 11M+ customers through 590 branches, with a customer base that defaults to Islamic finance — Murabaha, Tawarruq, and Wakala products appear on most retail statements. SNB, by contrast, was formed in 2021 from the merger of National Commercial Bank and Samba Financial Group. It runs both conventional and Islamic-window products across 14M+ customers.
The difference matters at the statement level. An Al Rajhi PDF reads as an Islamic-finance document by default — every financing line carries a Sharia product name. An SNB PDF can mix interest-bearing loans and Islamic-window profit distributions in the same account, depending on which products the customer holds.
How the PDFs differ in practice
Al Rajhi statements run six columns: Date (DD/MM/YYYY), Arabic description, transaction reference, Debit, Credit, Running Balance — all in SAR. Transaction labels are Arabic-primary, so a Murabaha installment shows as 'قسط مرابحة' with no English equivalent on the same row. SNB adds a Value Date column between the posting date and the description, and uses bilingual descriptions on every row.
On legacy NCB accounts merged into SNB in 2022, the PDF header may still carry NCB branding alongside the SNB logo. The IBAN prefix is the reliable identifier — both banks use SA**, but the institution code differs. Al Rajhi PDFs do not have this dual-branding issue.
What this means for your conversion
If you bank with both, the cleanest workflow is to export each PDF separately and reconcile in your spreadsheet. The Al Rajhi CSV will categorise Murabaha installments to a liability bucket; SNB will surface them only for accounts held under its Islamic window — conventional SNB accounts produce 'سداد قرض' (loan repayment) and 'فائدة' (interest) lines that Al Rajhi never generates.
Date handling differs too. Al Rajhi posts a single transaction date. SNB shows both posting and value date — which matters when reconciling large inbound transfers, since funds may credit on day 1 but value on day 3. Our export preserves both columns when present.
Quick Comparison
| Feature | Al Rajhi Bank | Saudi National Bank (SNB) |
|---|---|---|
| Country | Saudi Arabia | Saudi Arabia |
| Region | MENA | MENA |
| Currencies | SAR | SAR |
| Sharia-Compliant | Yes | Yes |
Statement Features
Al Rajhi Bank
- Structured tabular layout with clear debit/credit columns and running balance
- Transaction descriptions in both Arabic and English on the same statement
- Monthly summary section with opening and closing balance totals
- IBAN and account details printed in the statement header for easy reference
Saudi National Bank (SNB)
- Clear transaction table with reference numbers, dates, and descriptions
- Separate sections for incoming transfers, outgoing payments, and ATM withdrawals
- End-of-period balance summary clearly highlighted at the bottom
- Statement covers up to 12 months of transaction history in a single PDF
Currency Coverage
Both Banks
Frequently Asked Questions
Which is easier to convert?
Both convert cleanly. Al Rajhi statements have fewer columns and a more predictable Arabic-primary layout. SNB statements add a value-date column and may show legacy NCB branding on pre-2022 accounts — neither prevents extraction, but you may want to verify the source account before posting.
Do both banks use Mada at point of sale?
Yes. Mada is the Saudi national debit-card network and appears as the 'POS-MADA-' prefix in both Al Rajhi and SNB statements. The merchant name follows the prefix. Mada transactions are extracted as standard debit lines in either bank's CSV.
Why do my Al Rajhi salary entries look different from SNB?
Both banks credit salaries through the WPS (Wage Protection System) with the Arabic label 'راتب'. The format is identical. What differs is everything around it — Al Rajhi groups the salary row with Murabaha installments and Sarie transfers; SNB groups it with conventional loan deductions and may include an English subtitle on the same line.
Can I reconcile transfers between an Al Rajhi and an SNB account?
Yes. Both use the Sarie instant payment system, labelled 'حوالة سريعة' in both PDFs. The Sarie reference number is preserved in the CSV export from each bank, so you can match the outbound and inbound rows by reference.
Convert Either Statement Now
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