Frequently Asked Questions
Is there a POS transaction report?
Yes, for better and more accurate POS transaction reporting, Riyad Bank provides a wide range of detailed reports that can be customized according to your business needs.
What type of terminals do you provide?
Riyad Bank installs the latest POS terminals that offer a wide variety of the latest devices in the market such as desktop terminal, portable terminals, wireless terminals (Bluetooth) that are more flexible than other terminals, which can be used within a 60 meter radius, and at last GPRS terminals helps you operate your business easily from any place in the kingdom.
What are the main principles of Islamic finance?
The Prohibition of Riba, which is the taking or receiving of interest and in addition to this risk in any transaction must be shared by enforcing the prohibition of speculative behavior (Gharar).
What is Islamic finance and how does it differ from conventional banking?
For Islamic Loans, a profit margin is agreed upfront, and fixed for the period of the loan, this differs it from a conventional loan which is subject to interest principles. Islamic finance is asset based as opposed to being currency based. A deal is structured on exchange or ownership of assets and money is simply the payment mechanism to effect the transaction. The basic framework of Islamic finance is based on elements of Shari’a, which governs Islamic societies.
What is the most common use for Syndicated Loans?
It’s commonly used in mergers, acquisitions and buyouts, where borrowers often need very large sums of capital to complete a transaction, often more than a single lender is able or willing to provide.
What is working capital finance?
The working Capital is the minimum cash balance that is required by a business to meet basic day-to-day expenses and to provide a reserve for unexpected costs.
Distinct set of credit cards with innovative banking solutions to meet unique lifestyle.
Sometimes in life you unexpectedly need extra cash. Whatever the reason, it’s important you have a bank that you can trust and help you finance your requirements.
Owning a vehicle without having to pay the full amount upfront. Riyad Bank’s Auto Leasing program allows you to conveniently own a car of your choice.