We contribute to building a brighter future for you and your children with Alinma’s education financing service, introduced for the very first time in Saudi Arabia. This program is Shariah-compliant and built around our core values – innovation, respect and transparency.

Key Benefits
Available for education levels from kindergarten through high school
No administrative fees
Financing period of up to 12 months
Freedom of choice of school from Alinma’s approved list
Available to all nationalities
Transportation, housing and other services also covered
Option for partners to nominate a third party beneficiary as the service recipient

Requirements
Valid national I.D. (for Saudi nationals)
Valid Iqama & passport (for foreigners)
Al-Had Al-Shamel (credit limit)
Completed education financing program application form

Al-Had Al-Shamel (credit limit) Application Requirements
Employer must be from the Alinma list of approved employers
Open a current account with Alinma Bank
Obtain a certified letter from your employer indicating your salary and service period details

Obtain a certified letter from your employer verifying your salary deposit with Alinma Bank (assignment of salary and benefits)

Example:
You have 3 children: Sara, Abdullah and Bader,Studying at private schools with total annual schools fees of SAR 36,000. Instead of paying the whole schools fees at once,with the education financing service you can pay this amount in monthly installments up to 12 months without any additional profit margin or any fees.
The following table shows how the monthly installment is calculated: