• Standard SAIB finance administration fees will apply. 

• Administrative fee not exceeding 1% of the amount of funding or SAR 5,000, whichever is less. 

 • Work for an employer included in the Bank’s approved list

• The customer must have a salary account at The Saudi Investment Bank

Service period:

• For Government Sector: 1 months with current employer

• For Private Sector: 3 months with current employer

• Kindly note that all Arzaq Murabaha Finance facilities are subject to SAIB credit approval and SIMAH (Saudi Credit Bureau) verification.

• Complete SAIB required application form. 

• Introduction letter from employer which would include basic salary, allowance details and the date of employment commencement. 

• Salary assignment letter in favor of SAIB. 

• We can also buy-out your facilities from other banks. The following additional documents are required: Debt letter from existing bank / institution with which you currently have a loan 

• A copy of a valid ID card. We will certify the authenticity of the copy to the original one.

To apply for SAIB Arzaq Murabaha Finance, applicant must meet the following eligibility criteria: 

• Be a Saudi Citizen 

• Be at least 18 years of age 

• Maximum age at maturity of 60 for males and females 

• Work for an employer included in the Bank’s approved list 

• The customer must have a salary account at The Saudi Investment Bank 

Arzaq Murabaha Finance is an Islamic financing product approved by SAIB's Shariah Committee. You can buy a certain quantity of goods owned by the Bank at an agreed profit and repayment plan. You can take possession of the goods, and if you choose not to, we have made it easier to sell the goods on your behalf by signing a procuration (WAKALA) to the merchant. Proceeds will be credited into your account. The goods offered by SAIB include rice and flour.

Compatible with the provisions of Islamic Shariah

Approved by the Bank's Shariah Committee.

Refinance

Customer can refinance after paying the required financing amount .

Additional Finance

Eligibility for an additional finance after having an increase in monthly salary.

Debt Relief

Debt relief in case of death or permanent disability (God forbids).

Sponsor/Guarantor

No Sponsor/ Guarantor required.

Financing Amount Disbursement

Get the finance on the same day In case all applicant documents are complete

• Standard SAIB Personal Finance administration fees will apply.

• Administrative fee not exceeding 1% of the amount of funding or SAR 5,000, whichever is less.

• Work for an employer included in the Bank’s approved list

• The customer must have a salary account at The Saudi Investment Bank

Service period:

• For Government Sector: 1 months with current employer

• For Private Sector: 3 months with current employer

• Kindly note that all Arzaq Murabaha Finance facilities are subject to SAIB credit approval and SIMAH (Saudi Credit Bureau) verification.

• Complete SAIB required application form. 

• Introduction letter from employer which would include basic salary, allowance details and the date of employment commencement. 

• Salary assignment letter in favor of SAIB. 

• We can also buy-out your facilities from other banks. The following additional documents are required: Debt letter from existing bank / institution with which you currently have a loan 

• A copy of a valid ID card. We will certify the authenticity of the copy to the original one.

• To apply for SAIB Arzaq Murabaha Finance, applicant must meet the following eligibility criteria: 

• Be a Saudi Citizen 

• Be at least 18 years of age 

• Maximum age at maturity of 60 for males and females 

• Work for an employer included in the Bank’s approved list 

• The customer must have a salary account at The Saudi Investment Bank

Shares Murabaha Finance is an Islamic financing product approved by SAIB's Shariah Committee.

You buy a certain quantity of local shares owned by the Bank at an agreed upon profit and repayment plan, then the shares are sold and the returns will be deposited to your account.

Compatible with the provisions of Islamic Shariah

Approved by the Bank's Shariah Committee.

Refinance

Customer can refinance after paying the required financing amount .

Additional Finance

Eligibility for an additional finance after having an increase in monthly salary.

Debt Relief

Debt relief in case of death or permanent disability (God forbids).

Sponsor/Guarantor

No Sponsor/ Guarantor required.

Financing Amount Disbursement

Get the finance on the same day In case all applicant documents are complete

Administrative fee not exceeding 1% of the amount of funding or SAR 5,000, whichever is less.

To apply for Retirees Personal Finance, applicant must meet the following criteria: 

• Be a Saudi Citizen 

• Be at least 38 years of age. Maximum age of 65 (at maturity of the finance ).

• Complete Personal Finance application form 

• Copy of a valid National ID card 

• A bank account statement of the last 3 months showing the last 3 salaries stamped by the other bank* 

• A valid release letter from the previous bank where issue date of the transfer letter is aligned with the validity of the release letter 

• If you worked in the public sector: an introduction letter from Public Pension Agency that includes pension income for employees** 

• If you worked in the private sector: an introduction letter from the General Organization for Social Insurance that includes pension income for employees

• Salary assignment / transfer letter to SAIB that includes salary account number and date of salary transfer 

• If the pension salary is not transferred to SAIB 

• The Letter must include PPA or GOSI’s logo, be duly stamped and signed, and indicating the names of the signatories

To apply for Retirees Personal Finance, applicant must meet the following criteria: 

• Be a Saudi Citizen 

• Be at least 38 years of age. Maximum age of 65 (at maturity of the finance ).

It’s never too late to enjoy your life, even after your retirement. SAIB Retirees Personal Finance gives you the opportunity to enjoy a luxurious lifestyle, travel for long periods, and fulfill your dreams to the fullest. 

Compatible with the provisions of Islamic Shariah

Approved by the Bank's Shariah Committee

Refinance

Customer can refinance after paying the required Financing amount

Additional Finance

Eligibility for an additional finance after having an increase in monthly salary

Debt Relief

Debt relief in case of death or permanent disability (God forbids).

Sponsor/Guarantor

No Sponsor/ Guarantor required.

Financing Amount Disbursement

Get the finance on the same day In case all applicant documents are complete

Administrative fee not exceeding 1% of the amount of funding or SAR 5,000, whichever is less.

Service period:

For Government Sector: 1 months with current employer

For Private Sector: 3 months with current employer

and 1 year for expats.

The minimum applicant age must be 18 years old for employed customers, 23 years for expats and 38 years for retirees.

Maximum age is 60 for male and females, and 65 for retirees at time of finance maturity.

Debt Burden Ratio: Not to exceed 33% for employed customers & 25% for retirees. 

Introduction letter from employer, which would typically include salary, allowance details, and joining date.

• For Saudis and Expatriates. 

• Customer must have a salary account and outstanding finance. 

• Customers are not allowed to refinance, unless they pay at least 20% of their current finance amount. 

• Customer must be either a current employee or a retiree from private or government sector that is listed in the SAIB approved list.

Refinance is an Islamic product approved by SAIB’s Shariah Committee. It aims to give the chance to our customers with an existing Murabaha finance at SAIB to repay their outstanding finance, wherein the bank sells to the customer a certain amount of goods that are owned by the bank at an agreed profit and repayment plan. The customer authorizes the merchant to sell the goods on his/her behalf and credit the proceeds into the customer’s account, and then uses a part of the proceeds to repay the current outstanding. The customer may have the rest of the proceeds to benefit and fulfill his/her needs.

Compatible with the provisions of Islamic Shariah

Approved by the Bank's Shariah Committee.

Additional Finance

Eligibility for an additional finance after having an increase in monthly salary.

Debt Relief

Debt relief in case of death or permanent disability (God forbids).

Sponsor/Guarantor

No Sponsor/ Guarantor required.

Financing Amount Disbursement

Get the finance on the same day In case all applicant documents are complete

• Administration Fee: 1% of finance amount or SAR 5,000 (whichever is less) 

• Wakala Fee: SAR 500

Minimum Salary

Government, Semi Government and Military Sectors: Gross salary SAR 6,000 – Basic salary SAR 5,000

Private Sector: Gross salary SAR 8,000 – Basic salary SAR 5,000

Service period

Government, Semi-Government and Military (Officers)

Sector: 1 Month

Military (Soldiers) Sector: 12 Months

Private Sector: 3 Months

• Valid ID Copy. 

• Introduction letter from employer which includes salary, allowance details, and date of joining. 

• Employer’s salary transfer certificate .

• No objection and debit transfer letter from the existing lending bank. 

• Account statement of last 3 months (showing last 3 salaries which are verified from the previous bank). 

• Copy of the work ID card specifying rank or position. 

• For more information please call our toll free number at 800 124 8000.

• For Saudi nationals only 

• Age: Minimum is 21 years, Maximum (at maturity) is 65 years

Our buyout finance (through goods) will pay your existing liabilities from other banks with competitive rate and more advantages! 

• Payment Period: 6 Months – 60 Months

• Finance Amount: SAR 50,000 – SAR 3,000,0000

• Competitive rate

• 50,000 WooW Points

• 50% off administration fee

• Refinance (when settling 20% of the finance amount)

• Shari’ah compliant (based on Murabaha)

• Same day disbursement (if documents are completed)

• End-to-End digital application (through mobile application)

• Additional finance (upon salary increase)

• Free for life Credit Card

• Issuance free Travel Card

• Minimum basic salary requirement 5,000 SAR