A product to finance ready-made (villa, apartment, building) or one of Ministry of Housing subsidized projects, where the new product aims to facilitate home ownership for the beneficiary by subsidizing advance payment to fully/partially with a value of 100/150 thousand riyals, compatible with the provisions of Islamic Sharia and provided to the beneficiaries of REDF and the Ministry of Housing. The product is a Murabaha based at SAB, where the bank purchases the property at the customer’s request and lease it to the customer by monthly installments until the amount is fully paid.

The bank purchases the property and sales it to the customer. The customer pays a part of the purchase price in advance while the balance is payable to SAB in monthly instalments over the finance period.