-
- englishالعربية
Wealth Management
What is Corporate Savings?
A structured approach to enhancing employee financial well-being through tailored savings plans and professional investment management.
Key Benefits for Employers
Enhancing employees' financial security improves loyalty, retention, and productivity while reducing turnover and recruitment costs.
Program Features
A fully automated, Shariah-compliant savings program with flexible investment options and customized plan designs for both employers and employees.
Support Services
Employees receive dedicated assistance via call centers and email, while employers benefit from service reports, reviews, and a relationship manager.
Get In Touch
We are here to assist you with any questions or concerns through our dedicated support channels.
Corporate Savings - FAQs
What is a Corporate Savings Program?
An employer-sponsored savings program that encourages employees to save for retirement through regular salary contributions. Employers typically match contributions under plan-specific terms. SNB Capital’s program allows participants to manage their funds based on their needs.
Why is it recommended for an employee to participate in the savings program?
Participating in an employer-sponsored Corporate Savings Program helps employees achieve long-term financial goals, such as homeownership and education, while maintaining their standard of living in retirement.
Can an employee participate without investing (i.e. save each month but not invest those savings)?
Yes, participants may choose not to invest their savings. In this case, their own contribution and any employer matched contributions will be securely held as cash.
Will employer and employee contributions be invested in a Shariah compliant fund?
Employee contributions will be placed in Shariah-compliant investment(s) chosen by the employer. Employer contributions may be placed in the same Shariah-compliant investment or another similar investment option that is also Shariah-compliant.
How are investments deemed Shariah-compliant?
All offered investment options have been approved by SNB Capital's Shariah Board members.
What is the difference between saving and investing?
Saving: Regularly setting aside money to build a future lump sum, typically for a specific goal such as buying a house or emergencies.
Investing: Allocating money into assets such as stocks, mutual funds, or real estate with the expectation of generating future profit and growth.
How can capital invested in a savings plan be used?
Beyond holding cash, savings can be invested in three main asset classes:
- Money Markets
- Fixed Income (Shariah-compliant Sukuk)
- Equities (Stocks)
A participant's investment goals can be:
- Short-term (0-5 years): For immediate needs and near-future expenses.
- Medium-term (5-10 years): For goals requiring moderate growth and stability.
- Long-term (10+ years): For retirement or wealth-building with a long investment horizon.
How can a participating employee control, monitor, and review their plan details?
SNB Capital’s Employee Savings Program offers a web-based platform through which participants can access account balances, investment returns, online statements, transaction history, withdrawals, and activity summaries.
Who should a participating employee contact should they face technical difficulties or require more information?
Participating employees can contact SNB Capital through the following channels:
Phone (KSA): 920000232 , Phone (International): +966 920000232, Hours: 8 a.m. - 5 p.m.
Email: inquiries@alahlicapital.com
Who should use the SNB Capital’s Employee Savings Program website?
The SNB Capital Employee Savings Program website is designed to allow participants (employees) to retrieve account information, view transaction history and statements, and initiate transactions.
Where can participating employees get more information on savings and investments?
For more information, visit the Education Center link on the main menu.
Can participants access the SNB Capital Employee Savings Program website outside the office or the Kingdom?
Yes, participants can access the website from anywhere in the world with internet access and across all devices, such as desktops, laptops, and tablets.
