Alinma bank offers its customers the ability of paying the educational tuition fees with a convenient installment without a profit margin or administrative fees with the Education installment.
Features:
- Fully Shariah-compliant
- No administrative fees or profit margins
- Available for education levels from kindergarten through high school, as well as training institutes
- Repayment periods from 12 to 60 months
- Ability to choose from Alinma’s list of approved schools and educational institutions
- Available for both Saudis and expats
- Ability for customers to specify beneficiaries of their choosing
- Outstanding balance will be waived in case of death (God forbid)
Terms and Conditions:
- Minimum age of 18 is required for Saudis
- Minimum age of 21 is required for expats
- Only schools and educational institutions approved by Alinma Bank are eligible
- Acceptance letter from the school or educational institution is required
*Terms and conditions apply
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 60 months without any additional profit margin or any fees.
The following table shows how the monthly installment is calculated:
|
School Level |
Monthly installment |
Annual school fees |
Profit Margin / other fees |
|
Bader – Primary/Elementary School |
SAR 1,000 |
SAR 12,000 |
Zero |
|
Abdullah –Middle/Intermediate School |
SAR 1,000 |
SAR 12,000 |
Zero |
|
Sara – Secondary (High) School |
SAR 1,000 |
SAR 12,000 |
Zero |
|
TOTAL |
SAR 3,000 |
SAR 36,000 |
Zero |
|
schools and educational institutions approved by Alinma Bank are eligible |
||
|
City |
area |
schools Names |
|
RIYADH |
Central |
MASHAEL AL RABEYAH BOYS SCHOOLS |
|
RIYADH |
Central |
AL REYADAH AL KHALEJI CENTER |
|
RIYADH |
Central |
RAWAD AL JAZERAH SCHOOLS |
|
RIYADH |
Central |
Al ndalusia schools |
|
RIYADH |
Central |
alwsat schools |
|
RIYADH |
Central |
alarid schools |
|
RIYADH |
Central |
AL AOFOQ SCHOOLS (Ajyalna co.) |
|
RIYADH |
Central |
AL Maarefa College |
|
RIYADH |
Central |
AL Jazeera International |
|
RIYADH |
Central |
AL manahg schools Girls |
|
RIYADH |
Central |
AL Alamiah For Education & Training |
|
RIYADH |
Central |
AL Faisal International Academy |
|
RIYADH |
Central |
Aloom Alriyadh-Alkhleeg |
|
RIYADH |
Central |
Alabtkareh School |
|
RIYADH |
Central |
Al tdamn School |
|
RIYADH |
Central |
Al amgad School |
|
RIYADH |
Central |
Al hegaz School |
|
RIYADH |
Central |
Al nawabq School |
|
RIYADH |
Central |
Al-ZARQA COMPNY |
|
RIYADH |
Central |
AL RWAAD (AL AMIRYAH - GIRLS) |
|
RIYADH |
Central |
AL RWAAD SCHOOLS (HANIN- BOYS) |
|
RIYADH |
Central |
AL RWAAD SCHOOLS |
|
RIYADH |
Central |
Shoroq Al-Marefa |
|
RIYADH |
Central |
AL RWAAD (AL AMIRYAH - BOYS) |
|
RIYADH |
Central |
ALRWAAD (AL FAGER-BOYS) |
|
RIYADH |
Central |
KINGDOM SCHOOLS |
|
RIYADH |
Central |
ALRWAAD(HANIN-GIRLS) |
|
RIYADH |
Central |
ALMAALI |
|
RIYADH |
Central |
AL GEEL SCHOOL |
|
RIYADH |
Central |
GEEL ALRYADH SCHOOL |
|
RIYADH |
Central |
UM ALQURA SCHOOL |
|
RIYADH |
Central |
ALRWAAD ALESHRAQ BOYS SCHOOL |
|
RIYADH |
Central |
ALRWAAD ALNKBAH - GIRLS SCHOOL |
|
RIYADH |
Central |
ALRWAAD (AL ISHRAQ - GIRLS) |
|
RIYADH |
Central |
IBNKHALDOUN SCHOOL |
|
RIYADH |
Central |
ALROSHD SCHOOLS |
|
RIYADH |
Central |
ADHWA ALRIADH SCHOOL |
|
RIYADH |
Central |
SHEBH AL JAZZERAH SCHOOLS |
|
RIYADH |
Central |
AL HEJAZ SCHOOLS |
|
RIYADH |
Central |
AL ARQAM SCHOOLS |
|
RIYADH |
Central |
AL KHALEEJ FOR TRAINIG AND EDU. |
|
RIYADH |
Central |
ALSNABEL SCHOOL |
|
RIYADH |
Central |
ALMUSTAQBL SCHOOL |
|
RIYADH |
Central |
AL TALAEA SCHOOL |
|
RIYADH |
Central |
AL TAWHED SCHOOL |
|
RIYADH |
Central |
AL SEMO SCHOOL |
|
RIYADH |
Central |
AL SAHAFAH SCHOOLS |
|
RIYADH |
Central |
AL TARBIYAH AL ISLAMYAH SHCOOLS |
|
RIYADH |
Central |
AWAEL AL MOBDEEN SCHOOL |
|
RIYADH |
Central |
AL REQI SCHOOL |
|
RIYADH |
Central |
DAR AL QALM SHCOOLS |
|
RIYADH |
Central |
AL SUFARA SCHOOLS |
|
RIYADH |
Central |
Ansam Ins. Wall Street Salah AL Din |
|
RIYADH |
Central |
ALGHAD COLLEGE CO. |
|
RIYADH |
Central |
AL Mazaya Private Schools |
|
Buraydah |
Central |
INT. ACADEMY OF HEALTH SINCES |
|
RIYADH |
Central |
PRIME HUMAN RESOURCES SOLUTIONS |
|
RIYADH |
Central |
ARAB EAST COLLEGES |
|
RIYADH |
Central |
Design Innovation Institute for Training |
|
RIYADH |
Central |
Knights of the island schools |
|
RIYADH |
Central |
flying wings for training co |
|
RIYADH |
Central |
MAJMAAH UNIVERSITY EDUCATION PROGRA |
|
RIYADH |
Central |
Centennial Higher Institute |
|
schools and educational institutions approved by Alinma Bank are eligible |
||
|
City |
area |
schools Names |
|
Dammam |
Easterly |
AL ESHRAQ SCHOOLS (Ajyalna co.) |
|
Dammam |
Easterly |
AL MOUWASAT APPLIED SCIENCE INS. |
|
KOBAR |
Easterly |
AJIAL ALMWAHEB |
|
Dammam |
Easterly |
Technical Institute of Eng. Pet. |
|
ALAHSA |
Easterly |
Fatat Hajr Institnte |
|
ALAHSA |
Easterly |
Hajr Health Science Institutes |
|
ALAHSA |
Easterly |
Al-Angal |
|
khobar |
Easterly |
Ansam Ins. Wall Street (Alakrbip) |
|
ALAHSA |
Easterly |
AL Kifah Private Schools |
|
Dammam |
Easterly |
The Saudi National Company of Aviation |
|
Dammam |
Easterly |
knights of the island schools |
|
Dammam |
Easterly |
national aviation academy |
|
Dammam |
Easterly |
MOHAMMED AL MANA COLLEGE |
|
qatif |
Easterly |
ENGLISH TIME |
|
khobar |
Easterly |
GHERASS ALAJYAL COMPANY |
|
schools and educational institutions approved by Alinma Bank are eligible |
||
|
City |
area |
schools Names |
|
Taif |
western |
altarbia schools |
|
Jeddah |
western |
Alharmain School |
|
Jeddah |
western |
AL WATAN SCHOOL |
|
Jeddah |
western |
AL QADESEYA SCHOOL |
|
Taif |
western |
AL KHALIL SCHOOLS |
|
Jeddah |
western |
SEBAI INSTITUTES |
|
Jeddah |
western |
Al Eklass School |
|
Jeddah |
western |
Al rehab School |
|
Jeddah |
western |
Al aqssa School |
|
Jeddah |
western |
Dar Althqafh School |
|
Jeddah |
western |
Al ebeer School |
|
Jeddah |
western |
Anwar Alshoa'a School |
|
Hwiyah |
western |
Angal Al Mamlakah - Al hawyah |
|
Jeddah |
western |
Ahleyat Al Baean |
|
Jeddah |
western |
Angal almamlkh |
|
Jeddah |
western |
Jeel Al-Fissel |
|
Jeddah |
western |
Dar Al-Arqam |
|
Jeddah |
western |
Al-sarwat |
|
Jeddah |
western |
Al-Manahl |
|
khobar |
western |
ALFAISL SCHOOL |
|
Jeddah |
western |
AL SALAMAH Intermediate School |
|
Jeddah |
western |
ALSLAAM SCHOOL |
|
Jeddah |
western |
ALSLAAMAH Elementary School |
|
Jeddah |
western |
AL SALAMAH Secondary School |
|
Jeddah |
western |
AL SHOROQ BOYS SCHOOL |
|
Jeddah |
western |
DAR ALDEKR SCHOOL |
|
Jeddah |
western |
RAWDEH ALBAWADE SCHOOL |
|
Jeddah |
western |
AL REDHWAN SCHOOLS |
|
Jeddah |
western |
AL OMAM GIRLS SCHOOLS |
|
Yanbu |
western |
ALSDIQ SCHOOL - BOYS |
|
Yanbu |
western |
ALSADEQ SCHOOL |
|
Jeddah |
western |
AL MDAEEN SCHOOLS |
|
Jeddah |
western |
ALMANHL SCHOOL |
|
Jeddah |
western |
AL MAJDEYAH BOYS SCHOOL |
|
Jeddah |
western |
TUHAMAH SCHOOLS |
|
Jeddah |
western |
Al-Abeer School |
|
Jeddah |
western |
ALSADEQ SCHOOL GIRLS |
|
makkh |
western |
ALSADEQ SCHOOL GIRLS |
|
Jeddah |
western |
ALTALEAH SCHOOL |
|
Jeddah |
western |
AL RAHMEH SCHOOL |
|
Jeddah |
western |
Salah Aldeen School |
|
Madina |
western |
Ayman AbduGhani School Elemen Ryan |
|
Madina |
western |
Ayman AbduGhani School Average Ryan |
|
Madina |
western |
Ayman AbduGhani School SecondarRyan |
|
Taif |
western |
Maali ALNamothegeh School |
|
Madina |
western |
ALRayyan Academy For Health Sci Gir |
|
Jeddah |
western |
Ansam Ins. Wall Street Men (Raodah) |
|
Jeddah |
western |
Ansam Ins. Wall Street Girls Raodah |
|
Jeddah |
western |
Ansam Ins. Wall Street Men Andalusi |
|
Jeddah |
western |
Dar Arrowad Schools |
|
Madina |
western |
Ideal Academy For Health Train Boy |
|
Madina |
western |
Ideal Academy For Health Train.Girl |
|
Jeddah |
western |
AL HEDAYAH AL HADETHAH SCHOOLS |
|
Madina |
western |
Al Ryan girls schools |
|
Taif |
western |
ALSHAFI PRIVATE SCHOOLS |
|
Jeddah |
western |
MANGERIAL FINANCIAL TRAINING CTR |
|
Jeddah |
western |
SCIENCE AND TECHNOLOGY COLLEGE |
|
Jeddah |
western |
Batarjee Medicale College |
|
Madina |
western |
Ansam Ins. Wall Street |
|
Jeddah |
western |
RASHAD ABDULWAHAB FAQEHA BRANSH EST |
|
Rabigh |
western |
Rabigh Wings Flights School |
|
schools and educational institutions approved by Alinma Bank are eligible |
||
|
City |
area |
schools Names |
|
Abha |
southern |
Ansam Ins. Wall Street |
|
Abha |
southern |
Manahel ALJameah For Education Trai |
|
Najran |
southern |
DAR ALAHFAD SCHOOL |
|
Abha |
southern |
abna alryada private schools |
|
schools and educational institutions approved by Alinma Bank are eligible |
||
|
City |
area |
schools Names |
|
Hail |
Northern |
HAIL University Postgraduate studie |
|
ARAR |
Northern |
North Education Company for Educati |
*For more information Please call 8001208008