Riyad Bank purchases the desired shares on your behalf. You then have the option to sell the shares and transfer the liquidity to your current account or you can transfer the shares to your investment portfolio.

• Sharia compliant
• Possibility of financing pensioners up to the age of 72
• With salary transfer, outstanding balance will be waived in case of death

For Personal Finance APR disclosure, click here

For Saudis

Conditions for the Personal Finance Program for Governmental Sector Employees:

• Should be 18 years and above
• Minimum net salary should be SAR 3,000
• Period of service is not required
• Salary transfer to Riyad Bank through SARIE system

Conditions for the Personal Finance Program for Military Sector:

• Should be 18 years and above.
• Minimum net salary of SAR 3,000
• 12-months service period for those whose salary is between SAR 3,000 to SAR 3,999
• No service period is required for those whose salary is SAR 4,000 and above
• Retirement age for military ranks will be taken in account before approval
• Salary transfer to Riyad Bank through SARIE system

Conditions for the Personal Finance Program for Large Corporations Employees:

• Should be 18 years and above
• Minimum net salary of SAR 5,000 and above
• 3-months service period for those whose salary is between SAR 5,000 to SAR 7,999
• 1 month service period for those whose salary is above SAR 8,000
• A letter from employer confirming the salary assignment to Riyad Bank

Conditions for the Personal Finance Program for Private Sector Employees:

• Should be 18 years and above
• Minimum net salary of SAR 5,000 and above
• 3-months service period for those whose salary is between SAR 5,000 to SAR 7,999
• 1 month service period for those whose salary is above SAR 8,000
• A letter from employer confirming the salary assignment to Riyad Bank

Conditions for the Personal Finance program for Employees of Non-Approved Companies:

• An approved company is not required
• Must be a Saudi National
• Should be 18 years and above
• Minimum net salary of SAR 8,000
• Minimum period of service is 6 months
• Salary transfer to Riyad Bank through SARIE system
• Salary certificate letter certified by the Chamber of Commerce
• A letter from employer confirming the salary assignment to Riyad Bank
• Wages and contribution periods certificate from GOSI

For non-Saudis

Conditions for the Personal Finance Program for Employees in the Governmental Sector:

• Should be 22 years and above
• Minimum net salary of SAR 5,000
• Minimum period of service is 6 months
• Salary transfer to Riyad Bank through SARIE system
• A letter from employer confirming the salary assignment to Riyad Bank

Conditions for the Personal Finance Program for Large Corporations Employees:

• Should be 22 years and above
• Minimum net salary of SAR 5,000
• 3 months service period for those whose salary is between SAR 5,000 to SAR 14,999
• Period of service is not required for those whose salary is above SAR 15,000
• Finance amount up to SAR 300,000
• Salary transfer to Riyad Bank through SARIE system
• Finance amount is granted to the customer based on the employment contract period or end of service allowance

Conditions for the Personal Finance Program for Private Sector and Large Corporations Employees:

• Should be 22 years and above
• Minimum net salary of SAR 8,000
• 6 months service period for those whose salary is between SAR 8,000 to SAR 14,999
• 3-months service period for those whose salary is above SAR 15,000
• Finance amount up to SAR 300,000
• Salary transfer to Riyad Bank through SARIE system
• Finance amount is granted to the customer based on the employment contract period or end of service allowance

Conditions for the Personal Finance Program for Professionals:

• Minimum period of service of 6 months
• Minimum net salary of SAR 8,000
• Salary transfer to Riyad Bank through SARIE system
• A letter from employer confirming the salary assignment to Riyad Bank

For Pensioners

Conditions for the Personal Finance Program for Pensioners:

• The customer must not exceed 72 years at the last installment date
• Minimum net salary of SAR 2,000
• Salary must be transferred to Riyad bank
• Salary transfer to Riyad Bank through SARIE system

For Trainees in the Military Sectors and Large Corporations

Conditions for the Personal Finance Program for Trainees in the Military Sector and Large Corporations:

• Finance period of up to two years
• Maximum finance amount of SAR 50,000
• Minimum training period of 3 months
• Minimum net salary of SAR 2,000

Visit your nearest Riyad Bank branch with the following documents:

• Completed application for Murabaha Financing
• Salary certificate
• Salary transfer letter from the employer

For more information please call our toll free number 800-124-2020.