Home and Liquidity

Home and Liquidity:

This option allows customers to obtain both personal and home financing products at the same time so that the necessary liquidity is provided to the customer in case of need when applying for a property purchase through the bank. The bank buys the property according to the customer’s request through the home financing product based on the Murabaha concept, and then sells it to the customer by monthly installments that are divided into two periods, the first period in which the premium is low due to the customer’s commitment to pay the personal finance, and in the second period the full payment is made for the home finance.


Early Payment Fees Monthly Installment* Payment Method Financing Period APR* Variable or fixed profit margin Max Financing Amount Property Value
Profits for the next three months   3,030.00 Principal amount plus profit margin
25 Years  6.78% Fixed  90%  500,000
   The annual percentage rate and the monthly installment may change based on the value of the financing, the financing period and the profit margin currently approved by the bank* 

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

Characteristics of the Murabaha concept for home loan:

  • Fixed installments throughout the financing period
  • Fixed and agreed upon profits throughout the financing period
  • Transferring the ownership of the property directly to the customer and mortgaging it to the bank.


Required Documents

  • Salary introduction letter(Pay Slip Letter)
  • Salary Transfer Letter
  • Identification card
  • Mortgage application form
  • The sale contract
  • Full Medical questionnaire if the amount above 3,000,000

Product specifications and features

  • Approved by the Sharia Board as Murabaha form.
  • Flexible, increasing installments consistent with the customer's obligations.
  • Purchase of existing indebtedness.
  • A financing amount of up to SAR 7 million, and no less than SAR150,000.
  • Exemption from paying the remaining of the financing amount in case of death or total disability.
  • Administrative fees 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT
  • Minimum Salary starting from 3500 SR.
  • Choosing the desired property whether (Villa, Duplex, Apartment)
  • 10% advance payment for the owners of the first home and 30% for others.
  • Property age can go until 35 years at the finance end, and 40 years if the land value is 40% of the total property value.
  • Home Financing may be obtained for a period of not less than two years and not more than 30 years
  • Fixed installments and customary profits throughout the financing period for Murabaha financing applications
  • Step up payments as per customer obligations. Allow customer to obtain 2in 1 products.
  • Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension
  • Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age.

Steps to get the product

  • Obtain personal finance
  • Apply for home finance
  • Valuation of customer's financial capacity
  • Initial approval for financing
  • Real estate evaluation and study of the application
  • Final approval of the financing request