The Economy website displays the details of Murabaha financing with shares from the Saudi Riyad Bank.
Riyad Bank offers you Murabaha financing with shares to help you obtain cash or the option of owning shares in accordance with the provisions of Islamic Sharia.
Sharia compliant
Competitive profit margin
credit advisor
Your additional income is included in the Murabaha Program
Riyad Bank buys the required shares on your behalf and then you have the option to sell them to you and transfer the cash to your checking account or transfer the shares to your investment portfolio.
How to submit your application
All you have to do is visit any Riyad Bank branch and prepare the following documents:
Fill out the required forms to finance the Murabaha
Salary details certificate from the employer
Letter of undertaking to transfer salary from the employer
Personal finance program for government sector employees:
the conditions:
Not less than 18 years old
The net salary should not be less than 3,000 riyals
No service life required
Depositing salary with Riyad Bank through the “SARIE” system
Advantages:
Sharia compliant
Competitive profit margin
Financing tenure of up to 60 months
Exempting the heirs from the amounts owed by financing clients in return for transferring the salary in the event of death (God forbid)
Immediate pre-approval
Personal Finance Program for Military Sector Employees:
the conditions:
Not less than 18 years old
The net salary should not be less than 3,000 riyals
12-month service period for those whose salaries start from (3000 – 3999) riyals
It does not require a period of service for those whose salaries (4000) riyals and above
Taking into account the retirement age for military ranks
Depositing salary with Riyad Bank through the “SARIE” system
Advantages:
Sharia compliant
Competitive profit margin
Exempting the heirs from the amounts owed by financing clients in return for transferring the salary in the event of death (God forbid)
Financing tenure of up to 60 months
Immediate pre-approval
Personal finance program for employees of large companies:
the conditions:
Not less than 18 years old
The net salary should not be less than 5,000 riyals
One month service period for those whose salaries are (5000) riyals or more
Salary transfer letter addressed to Riyad Bank
Depositing salary with Riyad Bank through the “SARIE” system
Advantages:
Sharia compliant
Competitive profit margin
Exempting the heirs from the amounts owed by financing clients in return for transferring the salary in the event of death (God forbid)
Financing tenure of up to 60 months
Immediate pre-approval
Personal finance program for private sector employees:
the conditions:
Not less than 18 years old
The net salary should not be less than 5,000 riyals
One month service period for those whose salaries are (5000) riyals or more
Salary transfer letter addressed to Riyad Bank
Depositing salary with Riyad Bank through the “SARIE” system
Advantages:
Sharia compliant
Competitive profit margin
Exempting the heirs from the amounts owed by financing clients in return for transferring the salary in the event of death (God forbid)
Financing tenure of up to 60 months
Immediate pre-approval
Personal finance program for employees of unlisted entities:
the conditions:
The employer is not required to be included in the personal finance programs
Available for Saudi customers only
Not be less than 18 years old
The net salary should not be less than 8,000 riyals
The period of service shall not be less than 6 months
Depositing salary with Riyad Bank through the “SARIE” payroll system
Salary identification certificate with a recent date certified by the Chamber of Commerce
Salary confirmation letter addressed to Riyad Bank
Certificate of joint statement of periods and wages from social insurance
Advantages:
Financing up to 500,000 SAR
Financing tenure of up to 60 months
Sharia compliant
Competitive profit margin
Exempting the heirs from the amounts owed by financing clients in return for transferring the salary in the event of death (God forbid)
Immediate pre-approval
