Welcome to Al Jazira
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The AlJazira ALMASI Package is a unique experience tailor-made to meet all banking and financial requirements of our elite customers by providing them with a set of fast and flexible solutions. The package’s main focus is towards the management and growth of our customers' wealth through innovative, flexible and efficient products and services in a Sharia-Compliant environment. We are prepared to manage your financial and banking relationships with the highest efficiency and professionalism. AlJazira ALMASI package is designed to cater to all your banking requirements and ensure that your financial needs are perfectly satisfied through the following five aspects • Distinction with day-to-day banking • Options for a better lifestyle • Investment financing options • Sophisticated wealth management services • Distinction extended to your family This booklet includes further information and details on the above aspects of AlJazira ALMASI package
Distinction with day-to-day banking AlJazira ALMASI package ensures your daily banking transactions are conducted on a priority basis and provides you with the convenience and privacy you require in a fast and timely manner. We have provided many channels under this package to cater for your requirements of which you can choose the most appropriate solution that suits your needs. Apart from priority and distinction, with AlJazira ALMASI package you will be eligible to a full waiver of fees on most of the banking services provided by Bank AlJazira as well as to preferential rates for foreign currency exchange rates.
We have added the VISA Platinum privileges, which is exclusively designed for VIP customers, to those of AlJazira ALMASI Debit card thereby entitling you to exclusive local and International offers as well as emergency services. You will also have access to cash withdrawal from over 10,000 ATMs across the Kingdom and over 1,000,000 ATMs around the world. With these privileges, you will have the power, peace of mind and assurance anywhere with the benefits you have always wished for and expected. For further information, regarding AlJazira ALMASI Debit card please visit our website: www.almasi.baj.com.sa All you have to do is to explain your banking and investment objectives to your relationship manager, and he will, as your faithful advisor, counsel you on the steps and procedures needed to meet your requests. Our Relationship Managers have been highly trained and accredited to be perfectly prepared to manage and direct your accounts and investments to achieve maximum benefits for you
You will be received and served at the Bank’s Priority Lounges where your needs and requirements will be conducted in an atmosphere of privacy and absolute confidentiality. In the event you are unable to visit our Priority Lounges, you may visit any of our branches across the Kingdom and you will be received by the branch manager in person where he will ensure the fulfillment of all your transactions and requirements on a priority basis. To find the location of the nearest Priority Banking Lounge to you, please visit our website: www.almasi.baj.com.sa
You will also be eligible to use our meeting rooms located at our Priority Banking Lounges to hold your business meetings (during the bank’s working hours). To benefit from this service, please liaise in advance with your AlJazira ALMASI Relationship Manager As an AlJazira ALMASI customer, we understand the importance of accurate and timely fulfillment of your banking transactions. Accordingly, we have established a dedicated toll free line for our AlJazira ALMASI customers, which operate around the clock and is staffed by a specially selected group of our best staff to provide you with the service you deserve. All you need to do is call the toll free number 800 244 6262 or Internationally on +96614316262
We will provide you with a package of up-to-date electronic services to enable you to perform your different banking transactions around the clock safely and confidently. These include: •AlJazira Online: Our internet banking service •AlJazira Smart: Our mobile and tablet devices banking application •AlJazira Phone: Our automated phone banking service •E-notifications: To keep you up-to-date on the latest transactions conducted on your account through SMS and E-mail •AlJazira ATM: Our ATM network that is available across the Kingdom
We have developed many different financing options to suit your personal and lifestyle needs along with providing you with extensive features and benefits, all of which comply absolutely with Islamic Sharia principles
AlJazira VISA Platinum Credit Card, which you may obtain once you have joined the AlJazira ALMASI package, combines the Sharia principles and globally acceptable payment systems so as to give you the purchasing power which corresponds to your needs and personal requirements. The card is acceptable at more than 32 million outlets around the world and provides many local and International benefits to the elite holders of AlJazira Platinum Credit Card holders, such as:
• Once you have activated your AlJazira Platinum Credit Card, you will immediately be eligible for the Priority-pass Card which enables you to access VIP and First-Class lounges at more than 600 airports around the world regardless of the airlines used or class booked. For more information, please visit the Priority-Pass website: www.prioritypass.com • Our Cash Back program will pay back a certain percentage of the cash you spend using your AlJazira Platinum Credit Card in the form of cash rewards, which you can redeem at your convenience. Therefore, the more you spend using your AlJazira credit card, the more cash rewards you will earn In addition to the above, supplementary credit cards will be issued free of charge to all your family members, and while on travel; a replacement card for any missing card, will also be issued free of charge. Apart from the above, emergency cash advances may be obtained by the card holder in emergency cases. This is in addition to medical and professional referrals and many exquisite local and International offers. For further information on the latest offers and features, please visit our website: www.almasi.baj.com.sa
AlJazira Home Real-Estate finance program "Baity" gives you the flexibility to finance different types of property as per your finance requirements, whether it is for the purchase of a villa, duplex, apartment or a plot of land, our financing will be provided within an Islamic Sharia compliant framework as an Ijarah Finance Lease. All public, private sector employees and self-employed persons are eligible to a finance with a limit of up to SAR 5,000,000 with repayment periods of up to 30 years via easy monthly installments. Our finance also provides a free All-Risk insurance cover of the financed property throughout the finance period and a waiver of the outstanding balance in case of death or total disability of the customer (God forbid)
The Sharia-compliant Personal Finance programs will provide you with personal finance to cover all your needs and requirements. Finance is easy to obtain under this product which also provides many advantages such as a competitive Murabaha margin, the option to transfer existing finances from other banks and a waiver of any finance balance in case of death or total disability (God forbid). This is in addition to securitized finance, which will enable you to obtain the required liquidity without being obliged to sell your shares or cancel Naqa Murabaha deals (the Islamic alternative of traditional term deposits)
Opportunities never wait, Al-Jazira ALMASI provides you with the opportunity to invest in real-estate, as well as in local and Global equity markets
Your AlJazira ALMASI membership will give you the flexibility to invest safely in the real-estate market through AlJazira Real-Estate Investment Finance Program which will fulfill all your Real-Estate investment requirements and provide you with the opportunity to invest in prime real estate investments. You will benefit from the multiple features of this program to purchase properties for investment purposes, be it a residential or commercial building, shopping center or a housing compound. Other features provided by the program include: • A competitive fixed or variable profit margin; obtain highest finance limit by taking the building proceeds and other financial sources into consideration when determining the finance amount • Repayment from property income • Building may be run and managed by you thus, enabling you to increase the building’s income • Repayment on a monthly, quarterly, semi-annual or annual installments as you deem appropriate • Waiver of outstanding finance balance in case of borrower’s death or total disability (God Forbid) • Free Insurance cover against fire or destruction risks throughout the finance period
The Sharia compliant program provides AlJazira ALMASI members with the opportunity to obtain Murabaha finance to trade in shares of up to 200% of the value of your local shares portfolio and 100% of the value of Global shares portfolio.
We might not be fully aware of the amount of business that constantly awaits you on a daily basis and we are certain that it will not be easy for you to find someone who can manage them on your behalf in the same efficiency and effectiveness, as you would do. We are here to assist you, and our aim is to support and facilitate you financial transactions to become easier and faster without any additional burdens on you. All capabilities of our Treasury Department and Al-Jazira Capital team will be at your disposal and will be devoted to serve you
The Treasury Group team is active in developing innovative investment products that focus on capital protection and rewarding returns against limited risks. The objective is to assist you in securing the best investment opportunities and consequently provide you with the confidence and peace of mind you are looking for It is always challenging for an investor in the present uncertain and fluctuating economic environment in both commodities and capital markets, particularly in a low Murabaha return environment, to risk all his capital and savings. Hence, the Treasury Group has designed numerous innovative Sharia-Compliant treasury products and structured products in order to cope with and fulfill AlJazira ALMASI customers investment requirements. These include capital protected deposit products with yield linked to local and Global securities markets, metals, petrol, currencies, and other superior Islamic banking products. Talk to your AlJazira ALMASI relationship manager, and he/she will avail to you the capabilities and abilities of the Treasury Group team. Our Treasury Group is a winner of many banking awards by well-known Global institutions, and they exert distinguished efforts to provide rewarding investment opportunities in the local and Global markets to grow your wealth This is a product that capitalizes on trading in Islamic Sharia Compliant commodities by way of Murabaha "Wekalah" thereby, providing an Islamic alternative for traditional short and long term deposit products
Bank AlJazira offers currency exchange rates at preferential prices exclusively for AlJazira ALMASI customers directly through a strong network of International correspondents to meet your GCC and Global currencies needs
Embark on the world of securities investments with AlJazira Capital where we have dedicated our capabilities and experience to develop specialized Sharia-Compliant security services, such as local and Global brokerage services and asset management solutions through mutual funds, or discretionary portfolio management services; advisory services through Research team. Apart from the support offered to you by AlJazira Capital in this field, joining AlJazira ALMASI will qualify you to the following benefits: • A special AlJazira Capital Relationship Manager • Free Telephone Share Trading • Access to VIP Trading Lounges at our Investment centers • A minimum of 20% discount on equity trading commission (on Local, and GCC equities) • Free subscription to and renewal of TADAWULUKUM service as well as preferential rates for Mubasher Pro & Mubasher Al-Shamel • Free subscription to Equity & Money Market funds plus a concession of 30% on Realestate Fund subscription fees • Access to discretionary portfolios management where the customer’s Saudi shares portfolio will be entrusted to the Asset Management team at AlJazira Capital whom have a wide experience and knowledge in this field
The needs of your family are at the center of our priorities. Given that, your family will be eligible to the same benefits and luxury which you enjoy as a member of the Al-Jazira Al-Masi package
The benefits of AlJazira ALMASI will not be restricted to you, but will be extended towards your family so that they can also enjoy the same luxury and advantages that you enjoy as a member of AlJazira ALMASI package. These include: • Spouse will automatically be eligible for AlJazira ALMASI package • A dedicated relationship manager to manage both husband and wife’s banking affairs • Members will be welcome and served at Priority Banking Lounges • Access to emergency services for AlJazira ALMASI members • Free supplementary AlJazira Platinum Credit Card to family members. A pre-set credit limit may be set for each member
Package Features Dedicated relationship manager Serviced at priority banking lounges
Yes Yes
AlJazira ALMASI Dedicated toll free line
6262 244 6262 Inside KSA 966-1-431-6262 Outside KSA
A specially designed AlJazira ALMASI Platinum VISA Debit card Account Services Replacement of damaged / lost Debit card Issuance of a certificate of balance Issuance of certificate of indebtedness Copies of account statement for more than 3 months Copy of any banking document Cheques Issuance of a distinctive design cheque book Issuance of a Saudi Riyals bank cheque Issuance of a Foreign Exchange draft cheque Transfers Inward transfers Outward transfers Standing instructions Inquiries or cancellation of transfers Daily transfer limits through “AlJazira Online”, “AlJazira Phone” or “AlJazira Smart”
Yes Free Free Free Free Free Free Free Free Free Free Free Free SAR 150,000
Safe Deposit Lockers Annual fees for safe deposit lockers Credit Cards Issuance of a Platinum VISA credit card with Priority-Pass card
Yes Free Free
Issuance of supplementary credit cards
Foreign Currency Exchange Rates U.S. dollar sale price (In Cash) U.S. dollar sale price (Transfer Rate) Other foreign currencies sale price (In Cash) Other foreign currencies sale price (Transfer Rate) Services provided by AlJazira Capital Jazira Capital relationship manager Free telephone share trading Access to VIP trading lounges at investment centers Trading commission (on Local and Gulf equities) Tadawulcom subscription and renewal fees Equity & money market funds subscription
At Cost 3.75 At Cost At Cost Yes Free Free 20% Discount Free Free
* The Bank reserves the right to change exchange rates subject to value and volume limits To review the latest offers and benefits exclusive to AlJazira ALMASI customers, or to obtain more information, please contact us at www.almasi.baj.com.sa
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almasi@baj.com.sa
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800 244 6262
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