Murabaha Finance


Murabaha is a sharia compliant finance method, with which you can buy a local commodity, owned by the Bank. Under the Murabaha Loan Finance technique, the Bank buys and owns the commodities and cars requested by the customer, and then sells to the customer by installment at a prefixed profit margin. Now you can buy a car, furniture, electric appliances and much more on a deferred payments basis, directly from authorized agents, dealers and specialized companies, cooperating with Riyad Bank.

The Bank products available for this form of Murabah are:

		Finance for the purchase of cars, furniture and many other local commodities.
		Finance for the purchase of shares.

Features and Benefits:

		Competitive margin rate.
		Murabaha loan finance is easy, convenient and flexible.
		Approved by the Riyad Bank Islamic Banking Sharia Committee.
		Finance easily available to up to SR1.5 million.
		Repayment period of up to 60 months (5 years).
		Repayment through easily affordable installments based on the customer’s monthly income.
		If finance is provided against a salary transfer, any outstanding balance, in case of customer’s death (may God forbid) will be waived.
		Possibility of lending retires up to 70 years old with extra privileges

To qualify you need to:

		Have a monthly income of SR2,000.
		Be an employee of the public or private sector.
		Be at least 18 years of age.

Required documents:

		Completed application form – available from any Riyad Bank branch near you.
		Letter from the employer showing the details of salary.
		Salary transfer letter from the employer.
		Copy of national ID or Iqama.

How to apply?
Please call our toll free 800 124 2020, or
visit your nearest Riyad Bank branch.

Product Acquisition E–Form