Features:
• Shari’a compliant.
• Special packages for Saudis & Residents.
• Balance transfer from other banks.
• Easy and quick processing.
• Competitive profit margin rates.
• Your additional income is included in the Tawarruq program.
Riyad Bank - Tawarruq :
Flat Rate
6.93%
Minimum Salary
SAR 3,000
Monthly Payment
0 SAR
Salary Transfer
No
Requirements:
• Completed application for Murabaha Financing.
• Salary certificate.
• Salary transfer letter from the employer.
Documents required:
• Salary certificate from the employer specifying salary details, current position, and number of years in service.
• Salary assignment letter through “SARE” indorsed by the employer.
• Copy of valid national identification card/Iqama.
Eligibility:
Applicant should be 18 years old or more.