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Get answers to the questions most frequently asked by customers. Click on the respective product link to know more.
This is an Islamic financing product approved by the Bank’s Shariah Board.
Kindly note that all personal finance facilities are subject to SAIB credit approval and SIMAH (Saudi Credit Bureau) verification.
SAIB guarantees loan approval disbursal (subject to complete documentation) within one business day. For disbursals exceeding 1 business day, your processing fee is refunded in Full.
SAR 50,000.
Our profit rates are extremely attractive and are fixed for the entire tenor of the Murabaha facility. For our current profit rate, or to enquire of special promotions, please call our Allo Banking toll free center on 800 124 8000.
You automatically get a host of free benefits:
You do not need any collateral or guarantor to avail to this facility.
Yes we can buy-out your existing debt.
Please click on the “Apply” button on this page and submit your contact details. Our representative will call you to complete formalities within 2 business days. You can also call our Allo Banking toll-free number on 800 124 8000 or visit any of our Branches.
You can borrow up to a maximum limit of SAR 1,000,000.
To apply for this facility you need to meet the following eligibility criteria:
SAIB guarantees disbursal (subject to complete documentation) within one business day.
The profit rate you pay is fixed for the entire tenor of the Murabaha facility. For our current profit rate, or to enquire of special promotions, please call our Allo Banking toll free centre on 800 124 8000.
Kindly note that Saudi Armed Forces personnel may need to provide additional documentation. Please contact us for more details.
We can finance you up to a maximum of SAR 1,000,000.
This is an Islamic short-term investment product approved by the Bank’s Shariah Board.
The Murabaha Deposit allows you to make a healthy profit on your money in a safe manner. You enter into a contract with SAIB to invest money in metals. You then agree to sell these metals at an agreed future date and profit. To know more please call our Allo Banking toll free centre on 800 124 8000.
There is no maximum, you can invest as much as you want.
SAR 50,000 or equivalent in US Dollars or Euro.
The entire process will not take more than 35 minutes.
Yes. The SAIB ASALAH Home finance product is Sharia’a compliant and has been designed on the basis of Islamic principles.
You would need to make an immediate repayment of the principle outstanding amount and we may offer you a discount on the outstanding profit.
Your total monthly outflows or payments (including the property financing installments) should not exceed 50 percent of your total monthly income.
You can avail financing up to a maximum limit of SR 3,000,000.
SR 300,000.
We provide home financing for the purchase of Lands as well as ready property (Villas) not more than 10 years old and not less than 300 sq. mtrs in size.
We can provide financing with tenors up to 25 years.
Yes, you may repay your financing early. As this is a Sharia'a compliant product, you do not have to pay penalty charges for prepayment and we can offer you a discount on the outstanding profit .
No, as part of our extra benefits, we provide Free "Property Takaful", as well as a Free "Family Protection Plan".
Two persons can jointly avail the facility if both persons assign their salary to an account with SAIB.
The account also facilitates:
The account can be accessed via
It is an account opened in accordance with Islamic Sharia rules. This account allows you to issue cheques, deposit cash, and fulfill all day-to-day transactions.
The Account also facilitates:
No minimum deposit is required to open the account. However, you need to maintain an average monthly balance of SAR 1,000.
A nominal charge of SAR 2.50 will be applied to the account if the monthly average balance falls below SAR 1,000 or the equivalent in other currencies.
Please click on the “Apply” button on this page and submit your contact details. Our representative will call you to complete formalities within 2 business days. You can also call our Allo Banking toll-free number on 800 124 8000 or visit any of our branches.