Land finance by Murabaha is a product that gives you the opportunity to own a land with the specifications you want

This product gives you the opportunity to obtain cash in return of mortgaging your property.


Tawarruq meaning:

Purchasing by Tawarruq means that the bank owns metals purchased from London Metal Exchange and then sells them to the customer at a fixed annual rate. After buying metals from the bank, the customer will immediately authorize the treasury department to sell these metals on his behalf by signing a power of attorney to obtain cash.


This product is available for all creditworthy customers and customers who are supported by Real Estate Development Fund and Ministry of Housing


Product’s features:
  • Product approved by the Shariah Committee in the form of Tawarruq.
  • Financing with a fixed profit rate for the whole term.
  • Choosing any type of property to mortgage it: villa/ duplex/ townhouse/ apartment building “shall be owned by the customer and not be mortgaged to another party”.
  • No need for down payment.
  • The property will be mortgaged by the finance amount only and remain under the customer’s name.
  • Possibility of funding up to the age of 75 years.
  • Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension.
  • Exemption from remaining repayments in case of death or permanent disability.


Eligibility criteria:
  • The customer must be at least 20 years old.
  • Open a current account if he does not have one.
  • The customer's monthly net income shall not be less than SAR 5,000.
  • Transferring Salary through SARIE.










Required documents:

To better serve you, kindly provide the following documents to complete your applications:

  • A copy of the title deed.
  • A copy of the construction permit.
  • A copy of a valid ID of the seller.
  • Location sketch of the property.
  • Fill in and sign a mortgage application.
  • A copy of a valid ID.
  • A detailed salary certificate mentioning the allowances (if any).
  • pay slip of the last three months if the customer works for a semi- government or private sector.
  • Account statement for the last three months indicating the receipt of the salary.




*Subject to terms and conditions.
**The administrative fees are 1% of the financing amount or SR 5,000 whichever is lower.
***Annual percentage rate (APR) starting from 4.86% including all fees and charges.

Home finance terms and conditions

Simulate your home finance

Learn more
Subscribe to receive great offers