A finance product that enables you to own a property unit (before or during the construction phase) from the Bank’s approved projects list, in Murabaha basis as a finance option offered to all Alinma Customers (subsidized and non-subsidized).
Features that meet your needs:
- Fully Sharia’h-compliant finance based on Murabaha (goods).
- No property evaluation required.
- Lower installment during the construction phase (maximum 36 months).
- Freedom to choose appropriate unit from accredited projects.
- Construction under the supervision and follow-up of WAFI committee of the Ministry of Municipal Rural Affairs and Housing Financing up to the age of 75 years.
- Financing up to SAR 10 Million.
- Possibility of financing non-accredited entities.
- Settlement period up to 25 years.
- Possibility of applying the flexible installment feature.
- Financing without salary transfer.
- Early payment option.
- Exemption of beneficiaries in case of death or total disability, God forbid (terms and conditions apply).
Easier Requirements for a Better Service:
- Opening a current account with the Bank.
- Credit approval.
- National ID.
- Salary certificate.
- Real estate finance request form.
- Property quotation by one of the approved projects
- Istisna’a contract signed by the accredited real estate developer.
Or through the following channels:
- Alinma phone (8001208008).
- Alinma branches.
* Terms and conditions apply.