Financial products

Murabaha financing for individuals

Amount of funding
Accrual in years
Annual percentage rate
Administrative fees
monthly installment
100000
5
%14
1% or 5,000 riyals, whichever is less
2833
80000
4
%14
1% or 5,000 riyals, whichever is less
2600
60000
3
%14
1% or 5,000 riyals, whichever is less
2366

Financial leasing for individuals and companies

Amount of funding
Accrual in years
The first batch
Annual percentage rate
Administrative fees
monthly installment
100000
5
%20
%14
1% or 5,000 riyals, whichever is less
2600
135000
4
%20
%14
1% or 5,000 riyals, whichever is less
3960
30000
2
%20
%14
1% or 5,000 riyals, whichever is less
1380

Financing small and medium enterprises

Amount of funding
Accrual in years
Annual percentage rate
Administrative fees
monthly installment
1000000
5
%14
1% or 5,000 riyals, whichever is less
28334
500000
4
%14
1% or 5,000 riyals, whichever is less
16250
250000
3
%14
1% or 5,000 riyals, whichever is less
9862
 
Terms and conditions apply :
 
Annual percentage rate (APR) is the ratio that shows the cost of financing to the financial institution as an annual percentage of funding. This percentage is usually higher than the nominal commission or what is known as the annual profit margin because the calculation of its value includes the value of administrative fees, expenses and insurance throughout the financing period. For this reason, it gives a clearer picture of the real percentage of funding from the nominal commission, which includes only the profit margin.
The above tables are only illustrative examples of how the annual percentage rate is calculated, which depends on three main factors (profit margin, financing amount, and financing period) and is subject to the credit record of each client.
 

Last updated

 31/7/2021

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