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Is a product based on the concept of Murabaha, where SAB purchases the land and sells / leases it to the customer, whereby the customer pays part of the selling price in advance while the remaining balance is paid to SAB by monthly installments over the financing period.
Murabaha Home finance
The bank will own the property and then sells it to the customer. The customer pays part of the price as a down payment while the remaining payments are paid to SAB by monthly installments over the financing period
Example
| Murabaha |
|||||||
| Early payments 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 | |||||||
Characteristics of the Murabaha concept for home loan:
Required Documents
Product specifications and features
Steps to get the product
Home Finance Calculator
How much you would like to borrow?
Instalment Amount :
SRMax Finance Amount
SR
%
Down Payment:SR
%
Profit:SR
Disclaimer: Please note that above is only an indicative calculation as the rates may differ.
Kindly visit the branch or call us on 800 124 8888 for more details.
Instalment Amount :
SR
Max Finance Amount
Down Payment:
Profit:
Disclaimer: Please note that above is only an indicative calculation as the rates may differ.
Kindly visit the branch or call us on 800 124 8888 for more details.
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