Tawarruq

Tawarruq

Funding your personal needs and aspirations instantly.
Riyad Bank’s Tawarruq financing is designed to provide you with funds when needed with competitive profit margins in a very easy and flexible way.

  • Shari’a compliant
  • Special packages for Saudis & Residents
  • Balance transfer from other banks
  • Easy and quick processing
  • Competitive profit margin rates

Please complete the form below and we’ll call you as soon as possible (during work days):

ID Number required Please enter a valid National Id/Iqama This product is available for Saudi Nationals Only
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Middle name required
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Age must greater than 18
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Please complete the form below and we’ll call you as soon as possible:

ID Number required Please enter a valid National Id/Iqama This product is available for Saudi Nationals Only
First name required
Middle name required
Last name required
Gender *
Gender required
Nationality required
Date of Birth
Age must greater than 18
Mobile number required Invalid mobile number e.g.: 966569876765
Preferred email is required Enter valid email address
Prefferred Language *
Preferred Language required
Inquiry Message required
Refresh
Verification required Invalid verification code
 
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Our team will be glad to serve you from 8am till 10pm, Sunday through Thursday.

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Overview

Tawarruq personal financing is a tailored program that gives you easy access to cash in a Shari’a compliant manner.

Tawarruq is a sharia compliant finance method, with which you can raise loan finance through buying installments in a local commodity, owned by the Bank. The applicant then authorizes whom he see's to sell his shares in the commodity according to the form approved from the sharia’a committee. Then the agent deposits the proceeds into his account.

  • Approved by Riyad Bank’s Shari’a Committee.
  • Pensioners can benefit from a special package that allows repayment till the age of 70
  • For salary transfer financing, all outstanding balance will be waived in case of customer’s death (may God forbid)
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