Riyad Bank offers you an Islamic credit facilities program, Tawarruq Funding and/or Letters of Credit (with refinancing) and/or all types of Bank Guarantees (Primarily, Performance, advance payments, or financial) to finance the working capital of enterprises with a repayment period of one year (maximum).
Meeting the minimum credit/risk acceptance criteria of Riyad Bank
Minimum business age is one year, and have a permanent location/outlet
Presenting a bank account statement of one year
When applicable, obtaining KAFALAH program approval on the financing
Terms and conditions apply
Rates & Fees:
Annual Percentage Rate (APR)
Administrative Fees Min or Max Limit
Islamic credit facilities program - Short term
2% to 15%
0% to 5%
* The above table is an example, and the annual percentage rate varies according to the amount and the credit evaluation of the activity in addition to the period and method of payment.