The Prices of Financing and Savings Products

Last update 8 March 2022

The Prices of Financing and Savings Products for retail banking

Disclosure of Annual Percentage Rate for Credit Cards:

MasterCard World (Islamic) + MasterCard World Elite (Islamic):

You purchase an airline ticket valued SAR 7000 on 1 April. Your statement date is 28 April; with a due date of 20 May, you have settled SAR 350 in the due date, which will make you continue paying the minimum due (5%) for 20 months to settle the total amount. In this case, the FC would appear in your next statement as follow:

Total outstanding due in 28 April statement* 7000 SAR
Amount paid on due date 20 May 350 SAR
The carried over balance (revolved) (A) 6650 SAR
FC calculation (2.80% per month 28.08% APR)** -
Total FC applicable on 28 April statement (B) 159.06 SAR
Outstanding due in 28 May statement (A)+(B)*** 6809.06 SAR
Number of months to settle the dues 20 months
Type of payment 5%
  • Assuming no outstanding balance is carried from previous month
  • Assuming no other transactions made between 28 April – 28 May

MasterCard Titanium (Islamic):

You purchase an airline ticket valued SAR 3000 on 1 April. Your statement date is 28 April; with a due date of 20 May, you have settled SAR 150 in the due date, which will make you continue paying the minimum due (5%) for 8 months to settle the total amount. In this case, the FC would appear in your next statement as follow:

Total outstanding due in 28 April statement* 3000 SAR
Amount paid on due date 20 May 150 SAR
The carried over balance (revolved) (A) 2850 SAR
FC calculation (2.80% per month 28.08% APR)** -
Total FC applicable on 28 April statement (B) 65.69 SAR
Outstanding due in 28 May statement (A)+(B)*** 2915.69 SAR
Number of months to settle the dues 8 months
Type of payment 5%
  • Assuming no outstanding balance is carried from previous month
  • Assuming no other transactions made between 28 April – 28 May

Visa Platinum (Islamic) + Visa Signature (Islamic):

You purchase an airline ticket valued SAR 15000 on 1 April. Your statement date is 28 April; with a due date of 20 May, you have settled SAR 750 in the due date, which will make you continue paying the minimum due (5%) for 43 months to settle the total amount. In this case, the FC would appear in your next statement as follow:

Total outstanding due in 28 April statement* 15000 SAR
Amount paid on due date 20 May 750 SAR
The carried over balance (revolved) (A) 14250 SAR
FC calculation (2.80% per month 28.08% APR)** -
Total FC applicable on 28 April statement (B) 313.84 SAR
Outstanding due in 28 May statement (A)+(B)*** 14563.84 SAR
Number of months to settle the dues 43 months
Type of payment 5%
  • Assuming no outstanding balance is carried from previous month
  • Assuming no other transactions made between 28 April – 28 May

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Disclosure of Annual Percentage Rate for Personal Loan:

Annual Percentage Rate (APR):

The discount rate at which the present value of payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.

Personal Loans Products:

Example of Tawaruq Personal loan for employed customer working in governmental sector as below:

Finance Amount (SAR) *Annual Percentage Rate (APR) Maturity in years Monthly repayment amount (SAR)
50,000 1.84% 5 Years 862.50

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Example of Tawaruq Personal loan for employed customer working in Private sector as below:

Finance Amount (SAR) *Annual Percentage Rate (APR) Maturity in years Monthly repayment amount (SAR)
50,000 1.84% 5 Years 862.50

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Example of Murabaha Personal loan for employed customer working in private sector as below:

Finance Amount (SAR) *Annual Percentage Rate (APR) Maturity in years Monthly repayment amount (SAR)
105,779.71 8.63% 5 Years 1,762.99

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Example of Tawaruq Personal loan for retired customer as below:

Finance Amount (SAR) *Annual Percentage Rate (APR) Maturity in years Monthly repayment amount (SAR)
50,000 2.23% 5 Years 870.83

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Disclosure of Annual Percentage Rate for Auto Leasing:

Annual Percentage Rate (APR):

The discount rate at which the present value of payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.

Auto Leasing Products:

Example of Auto Leasing with structure lease to own for salary transferred as below:

Asset Type Finance amount Maturity in years Annual Percentage Rate (APR) Monthly repayment amount SAR Residual Value
Car 51,325 5 9.55% 861,64 15,397.50

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Example of Auto Leasing with structure lease to own for non- salary transferred as below:

Asset Type Finance amount Maturity in years Annual Percentage Rate (APR) Monthly repayment amount SAR Residual Value
Car 62,975 5 15.61% 1,229.83 15,000

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.



Disclosure of Annual Percentage Rate for Home Finance:

Annual Percentage Rate (APR):

The discount rate at which the present value of payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.

Example of product price for fixed Ijarah finance – First home buy:

Property Value Loan to Value Ratio Fixed or Variable Rate ** APR* Maturity in Years Payment Type *** Monthly Repayment Amount Early Payment Charges
605,910 90% Fixed 8.45% 11 Principle and Interest / profit, insurance 6,212.27 Profit of future 3 installments

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Example of product price for variable Ijarah finance – First home buy:

Property Value Loan to Value Ratio Fixed or Variable Rate ** APR* Maturity in Years Payment Type *** Monthly Repayment Amount Early Payment Charges
1,100,000 70% Variable 7.31% 10 Principle and Interest / profit, insurance 8,907.59 Profit of future 3 installments

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Monthly Ijarah variable installment calculated as below:

Monthly installment for the First rental term is 8,907.59 for 24 months with cost term 3.75%

  • The minimum Monthly installment for future is 4,687.46 with fixed cost term 1.35%, variable cost term 2.4% in event of SIPOR decrease to the minimum cap
  • The maximum Monthly installment for future is 11,924.71with fixed cost term 1.35%, variable cost term 2.4% in event of SIPOR increase to the maximum cap

Example of product price for Murabaha Finance – First home buy:

Property Value Loan to Value Ratio Fixed or Variable Rate ** APR* Maturity in Years Payment Type *** Monthly Repayment Amount Early Payment Charges
1,200,000 90% Fixed 6.53% 25 Principle and Interest / profit, insurance 9,273.26 Profit of future 3 installments

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Example of product price for self-construction:

Property Value Loan to Value Ratio Fixed or Variable Rate ** APR* Maturity in Years Payment Type *** Monthly Repayment Amount Early Payment Charges
1,000,000 90% Fixed 5.23% 23 Principle and Interest / profit, insurance 4,153.82 Profit of future 3 installments

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Example of product price for Tawaruq home equity Finance – First home buy:

Property Value Loan to Value Ratio Fixed or Variable Rate ** APR* Maturity in Years Payment Type *** Monthly Repayment Amount Early Payment Charges
500,000 46% Fixed 5.49% 16 Principle and Interest / profit, insurance 1,980.90 Profit of future 3 installments

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.


Disclosure of Annual Percentage Rate for Saving Accounts and Wazen Accounts:

Example 1: 1 Month profits:

DAILY BALANCE* AER PROFIT CALCULATION PROFIT PAYMENT EXPECTED PROFIT
SAR 20,000 0.30% Monthly Monthly SAR 5.00

Example 2: 12 Months:

DAILY BALANCE* AER PROFIT CALCULATION PROFIT PAYMENT EXPECTED PROFIT
SAR 100,000 0.30% Monthly Monthly SAR 300.41

Assuming no withdrawals take place during the month and profit is compounded monthly.

Example 3: If customer's daily balance is below required balance:

DAILY BALANCE*AERPROFIT CALCULATIONPROFIT PAYMENTEXPECTED PROFIT
SAR 10,0000.00%MonthlyMonthlySAR 0.00

*Assuming customer’s daily balance remains same throughout the period
Monthly average balance should not be less than 20,000 SAR to be eligible for profit distribution
AER (Annual Equivalent Rate): It is a figure, which shows what the profit rate would be on an account that has more than one compounding period. It is calculated based on the assumption that any profit paid is added to the principal balance and the next profit payment will be based on the higher account balance.

Disclosure of Annual Percentage Rate for Conventional Saving Accounts

Example 1: 1 Month Profit:

DAILY BALANCE*AERPROFIT CALCULATIONPROFIT PAYMENTEXPECTED PROFIT
SAR 12,0000.10%DailyMonthlySAR 1.00

Example 2: Profit for 12 months:

DAILY BALANCE*AERPROFIT CALCULATIONPROFIT PAYMENTEXPECTED PROFIT
SAR 100,0000.25%DailyMonthlySAR 250.29

Assuming no withdrawals take place during the month and profit is compounded monthly.


Example 3: If customer's daily balance is below required balance:

DAILY BALANCE*AERPROFIT CALCULATIONPROFIT PAYMENTEXPECTED PROFIT
SAR 4,0000.00%DailyMonthlySAR 0.00

*Assuming customer’s daily balance remains same throughout the period
Monthly average balance should not be less than 5,000 SAR to be eligible for profit distribution
AER (Annual Equivalent Rate): It is a figure, which shows what the profit rate would be on an account that has more than one compounding period. It is calculated based on the assumption that any profit paid is added to the principal balance and the next profit payment will be based on the higher account balance.


Disclosure of Annual Percentage Rate for Time Deposit Accounts:

Example 1: 1 Month:

DEPOSIT AMOUNTAERTENORNUMBER OF WITHDREW ALLOWED IN FIRST YEARNUMBER OF WITHDREW ALLOWED IN SECOND YEAR
SAR 100,0000.74%1 month00

Example 2: 6 Months:

DEPOSIT AMOUNTAERTENORNUMBER OF WITHDREW ALLOWED IN FIRST YEARNUMBER OF WITHDREW ALLOWED IN SECOND YEAR
SAR 500,0000.97%6 months00

Example 3: 12 Months:

DEPOSIT AMOUNTAERTENORNUMBER OF WITHDREW ALLOWED IN FIRST YEARNUMBER OF WITHDREW ALLOWED IN SECOND YEAR
SAR 1,000,0001.02%12 months00

The Rates of Financing and Savings Products for corporate banking

Working Capital Finance

Trade Finance:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
Working Capital Finance2% 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.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period12 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,500SAR 2,000SAR 102,000

Example (2):

Finance AmountSAR 100,000
Payment MethodQuarterly Installments
Payment Period12 Months
Annual Profit Rate6%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,609SAR 3,311SAR 103,311

Example (3):

Finance AmountSAR 100,000
Payment MethodOne Payment
Payment Period12 Months
Annual Profit Rate15%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 115,000SAR 15,000SAR 115,000

Overdraft:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
Working Capital Finance2% 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.
* Overdraft profit value is calculated on monthly bases, and there are no fixed installments.


Contract Financing:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
Contract Financing2% 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.
* The financing cost varies according to the nature and duration of the contract / funded project.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period/td>12 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,500SAR 2,000SAR 102,000

Example (2):

Finance AmountSAR 100,000
Payment MethodOne Payment
Payment Period3 Months
Annual Profit Rate15%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 103,750SAR 3,750SAR 103,750

Example (3):

Finance AmountSAR 100,000
Payment MethodQuarterly Payment
Payment Period36 Months
Annual Profit Rate8.5%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 10,458SAR 25,500SAR 125,500

Capital Expenditure Finance:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
Capital Expenditure Finance2% 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.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period12 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,500SAR 2,000SAR 102,000

Example (2):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period60 Months
Annual Profit Rate8%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 2,337SAR 40,235SAR 140,235

Example (3):

Finance AmountSAR 100,000
Payment MethodMonthly installments
Payment Period36 Months
Annual Profit Rate7%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 3,369SAR 21,292SAR 1121,292

POS Financing Program:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
POS Financing Program2% 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.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period6 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 16,765SAR 588SAR 100,588

Example (2):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period6 Months
Annual Profit Rate13%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 17,318SAR 3,905SAR 103,905

Example (3):

Finance AmountSAR 100,000
Payment MethodMonthly installments
Payment Period6 Months
Annual Profit Rate15%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 17,419SAR 4,512SAR 104,512

Corporate Payroll Financing Program:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
Corporate Payroll Financing Program2% 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.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodOne Payment
Payment Period3 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 100,480SAR 480SAR 100,480

Example (2):

Finance AmountSAR 100,000
Payment MethodOne Payment
Payment Period3 Months
Annual Profit Rate6%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 101,480SAR 1,480SAR 101,480/td>

Example (3):

Finance AmountSAR 100,000
Payment MethodOne Payment
Payment Period3 Months
Annual Profit Rate15%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 103,750SAR 3,750SAR 103,750

Monshaat:

Islamic credit facilities program - Short term:


ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
Islamic credit facilities program - Short term2% 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.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period12 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,500SAR 2,000SAR 102,000

Example (2):

Finance AmountSAR 100,000
Payment MethodQuarterly Installments
Payment Period12 Months
Annual Profit Rate6%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,609SAR 3,311SAR 103,311

Example (3):

Finance AmountSAR 100,000
Payment MethodOne Payment
Payment Period12 Months
Annual Profit Rate15%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 115,000SAR 15,000SAR 115,000

Capital Expansion Financing Program- Medium-term:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
Capital Expansion Financing Program- Medium-term2% 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.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period12 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,500SAR 2,000SAR 102,000

Example (2):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period60 Months
Annual Profit Rate8%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 2,337SAR 40,235SAR 140,235

Example (3):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period36 Months
Annual Profit Rate7%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 3,369SAR 21,292SAR 121,292

POS Financing Program - Short-term:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
POS Financing Program - Short-term2% 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.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period6 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 16,765SAR 588SAR 100,588

Example (2):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period6 Months
Annual Profit Rate13%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 17,318SAR 3,905SAR 103,905

Example (3):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period6 Months
Annual Profit Rate15%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 17,419SAR 4,512SAR 104,512

Islamic credit facilities program for Start-Ups:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
Islamic credit facilities program for Start-Ups2% 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.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period12 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,500SAR 2,000SAR 102,000

Example (2):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period60 Months
Annual Profit Rate8%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 2,337SAR 40,235SAR 140,235

Example (3):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period36 Months
Annual Profit Rate7%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 3,369SAR 21,292SAR 121,292

Supply Chain Finance:

ProductAnnual Percentage Rate (APR)Administrative feesAdministrative fees Min or Max Limit
Supply Chain Finance2% 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.

The method of calculating the finance cost:

Example (1):

Finance AmountSAR 100,000
Payment MethodMonthly Installments
Payment Period12 Months
Annual Profit Rate2%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,500SAR 2,000SAR 102,000

Example (2):

Finance AmountSAR 100,000
Payment MethodQuarterly Installments
Payment Period12 Months
Annual Profit Rate6%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 8,609SAR 3,311SAR 103,311

Example (3):

Finance AmountSAR 100,000
Payment MethodOne payment
Payment Period12 Months
Annual Profit Rate15%

Finance AmountInstallment AmountTotal Bank ProfitFinance Amount including Profits
SAR 100,000SAR 115,000SAR 15,000SAR 115,000

Business Banking Credit Card (Nomwo):

Primary Card Annual FeesSAR 200
Monthly-term Cost1.75%
Annual percentage rate21%
Primary/ Additional Card Annual FeesFree
Statement DateMonthly
Minimum limit required to be paid monthly for the Primary Card200 or 5%, whichever is higher
Cash Withdrawal feesSAR 75 for each withdrawal less than SAR 5000 , and SAR 300 or 3%, whichever is less, for every withdrawal exceeding SAR 5,000
Late Payment FeesSAR 100
Additional fees for non-Riyal Saudi transactions2.75%
Dynamic Commission Fees1.5%
Additional Card Annual FeesFree
Card Reactivating FeesNo Fees- Traditional Card
Replacement Card Fees50 ريال
Credit Shield (optional)0.49%
Dispute ProcessSAR 50
Administrative Fees-
Settlement DateDue Date the 20th of each month

* Dynamic Transfer Commission (1.5%) only applies if the customer has chosen to pay in Saudi Riyals outside the Kingdom of Saudi Arabia. Example:

International Purchase AmountTransaction CurrencySAR exchange rateAmount in SARMerchant Transfer CommissionDynamic Transfer CommissionTransaction Total Amount
100 US DollarsSAR3.77377 SAR3%1.5%394.13 SAR

** The transfer commission from US Dollar to Saudi Riyal is applied by the merchant (Visa / MasterCard)

Example (1):

Total purchases before issuing the account statement is 100,000 riyals, and the minimum payment (5% or 200 riyals, whichever is higher) was paid:

Total outstanding due in the statement*SAR 100,000
Amount paid on due dateSAR 5,000
The carried over balance (A)SAR 95,000
FC calculation (% 1.75 from the carried over amount)SAR 1,662.5
Total outstanding due in the next month’s statement (A)+(B)SAR 96,662.5

Example (2):

Total purchases before issuing the account statement is 100,000 riyals, and total amount was paid before issuing the account statement:

Total outstanding due in the statementSAR 0,00
Amount paid on due dateSAR 0,00
The carried over balance (A)SAR 0,00
FC calculation (%1.75 from the carried over amount)SAR 0,00
Total outstanding due in the next month’s statement (A)+(B)SAR 0,00

Example (3):

Total purchases before issuing the account statement is 100,000 riyals, and % 50 of the used balance before issuing the Statement was paid:

Total outstanding due in the statementSAR 50,000
Amount paid on due dateSAR 2,500
The carried over balance (A)SAR 47,500
FC calculation (% 1.75 from the carried over amount)SAR 831.25
Total outstanding due in the next month’s statement (A)+(B)SAR 48,331.25