page was updated 17 November 2024

Credit Cards

Illustrative example for computation of Tawarruq Profit (TP)

You purchased an airline ticket for SAR 1,000 on 20 March. Your statement generation date is 31 March and your payment due date is 25 April, on which date you made the minimum 5% payment or (SAR 100, whichever is higher).

The following Tawarruq profit will appear on your next statement:

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*Assuming no amount outstanding has been carried forward from previous months.
**For illustrative purpose only. SAB Premier Mastercard Credit Card is used as an example. For Product specific APR’s (Annual Percentage Rate), please refer to the Bank tariff guide.
***Assuming no other transaction has been performed during April.

 

Home Finance Products:

Ready unit/ Self Construction/Land

Example 1

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

Example 2

Propoerty Market Value	Loan to value Ratio	Fixed or Variable Rate	APR	Maturity in Years	Payment Type	Monthly Repayment Amount*	Early Payment Charges
500,000	90%	Fixed	7.44%	20 Years	Principal and Interest / Profit	3476.74	Profit of future 3 installments

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

Example 3

Propoerty Market Value	Loan to value Ratio	Fixed or Variable Rate	APR	Maturity in Years	Payment Type	Monthly Repayment Amount*	Early Payment Charges
714,000	70%	Fixed	6.89%	25 Years	Principal and Interest / Profit	3372.92	Profit of future 3 installments

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

Flexi Murabaha

Example 1

Propoerty Market Value	Loan to value Ratio	Fixed or Variable Rate	APR	Maturity in Years	Payment Type	Monthly Repayment Amount*	Early Payment Charges
1,600,000	90%	Fixed	First period: 3.29%	First period: 5 Years	Principal and Interest / Profit	First period: 4,087	Profit of future 3 installments
			Second period: 5.76%	Second period:15 Years		Second period: 11,916

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

Example 2

Propoerty Market Value	Loan to value Ratio	Fixed or Variable Rate	APR	Maturity in Years	Payment Type	Monthly Repayment Amount*	Early Payment Charges
1,888,000	90%	Fixed	First period: 3.99%	First period: 5 Years	Principal and Interest / Profit	First period: 5,809	Profit of future 3 installments
			Second period: 6.58%	Second period:20 Years		Second period: 12,706

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

Example 3

Propoerty Market Value	Loan to value Ratio	Fixed or Variable Rate	APR	Maturity in Years	Payment Type	Monthly Repayment Amount*	Early Payment Charges
1,428,000	70%	Fixed	First period: 2.94%	First period: 5Years	Principal and Interest / Profit	First period: 2,574 SAR	Profit of future 3 installments
			Second period: 5.39%	Second period:10 Years		Second period: 10,731 SAR

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

 

Ijara

Ready unit/ Self Construction/Land:

Example 1

Propoerty Market Value	Loan to value Ratio	Fixed or Variable Rate	APR	Maturity in Years	Payment Type	Monthly Repayment Amount*	Early Payment Charges
555,000	90%	Fixed for first 2 years	4.27%	25 Years	Principal and Interest / Profit	2,649.04	Profit of future 3 installments
		Repriced every 2 years SWAP rate plus 3%

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

Example 2

Propoerty Market Value	Loan to value Ratio	Fixed or Variable Rate	APR	Maturity in Years	Payment Type	Monthly Repayment Amount*	Early Payment Charges
1,000,000	90%	Fixed for first 2 years	4.96%	20 Years	Principal and Interest / Profit	5,805.08	Profit of future 3 installments
		Repriced every 2 years SWAP rate plus 3%

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

Example 3

Propoerty Market Value	Loan to value Ratio	Fixed or Variable Rate	APR	Maturity in Years	Payment Type	Monthly Repayment Amount*	Early Payment Charges
214000	70%	Fixed for first 2 years	9.57%	5 Years	Principal and Interest / Profit	2979.19	Profit of future 3 installments
		Repriced every 2 years SWAP rate plus 3%

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

Mortgage Calculator

Policy terms and conditions apply
Only available to residents of Saudi Arabia
***Annual Percentage Rate starts from 4.94%

Personal finance

Example 1

Drawdown amount	APR	Maturity in Years	Monthly Installment	Early Payment Charges
100K	%3.21	60M	1,782.55	Profit of future 3 installments

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

Example 2

Drawdown amount	APR	Maturity in Years	Monthly Installment	Early Payment Charges
150K	%3.28	52M	3,048.45	Profit of future 3 installments

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

Example 3

Drawdown amount	APR	Maturity in Years	Monthly Installment	Early Payment Charges
50K	%3.80	36M	1,452.47	Profit of future 3 installments

Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.

 

Waafer Account

Example: of 12 Months subscription in (Waafer) Account:

Deposit Amount	AER	Period	Expected Profit Amount	Expected Maturity Amount
18000 (1500 per month)	%2.67	12M	SAR 267	SAR 18,267

Example: of 24 Months subscription in (Waafer) Account:

Deposit Amount	AER	Period	Expected Profit Amount	Expected Maturity Amount
12,000 (500 per month)	%2.0	24M	SAR 257	SAR 12,257

Example: of 36 Months subscription in (Waafer) Account:

Deposit Amount	AER	Period	Expected Profit Amount	Expected Maturity Amount
72,000 (2000 per month)	%2.25	36M	SAR 2,448	SAR 74,448

*AER: is an Annual Equivalent Rate, is a figure which shows what the profit rate on an account would be if profit was paid for a full year and compounded.
*AER may differ depending on the amount and the period different form the above example.

Minimum saving amount of SAR 100

Islamic Commodity Investment Account

Example: of 1 Months subscription in (Islamic Commodity Investment Account) Account:

Deposit Amount	AER	Period	Expected Profit Amount	Expected Maturity Amount
SAR50,000	%2.25	1M	SAR 21	SAR 50,021

Example: of 9 Months subscription in (Islamic Commodity Investment Account) Account:

Deposit Amount	AER	Period	Expected Profit Amount	Expected Maturity Amount
SAR100,000	%1.94	9M	SAR 1455	SAR 101,455

Example: of 12 Months subscription in (Islamic Commodity Investment Account) Account:

Deposit Amount	AER	Period	Expected Profit Amount	Expected Maturity Amount
SAR25,000	%2.55	12M	SAR 649	SAR 25,649

*AER : is an Annual Equivalent Rate, is a figure which shows what the profit rate on an account would be if profit was paid for a full year and compounded.
**AER may differ depending on the amount and the period different form the above example.

Minimum investment amount of SAR 25,000

 

Islamic Mudarabah Account

Example:Expected monthly profits based on monthly average balance

Monthly Average Balance	AER	Period	Expected Profit Amount	Frequency of Profit payment
SAR 50,000	0.10	1M	SAR 4.16	Monthly

 

Monthly Average Balance	AER	Period	Expected Profit Amount	Frequency of Profit payment
SAR100,000	0.10	1M	SAR 8.3	Monthly

 

Monthly Average Balance	AER	Period	Expected Profit Amount	Expected Maturity Amount
SAR 250,000	0.10	1M	SAR 20.8	Monthly

*AER : is an Annual Equivalent Rate, is a figure which shows what the profit rate on an account would be if profit was paid for a full year and compounded.
Minimum average required is SAR 5,000 or its equivalent