Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
SABB - Personal Finance Tawarruq Concept – “MAL” SABB - Personal Finance Tawarruq Concept – “MAL” Minimum Salary: SAR 3,000 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 5 Years Flat Rate: 2.73% Reducing Rate: 4.91%
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Whatever your financial needs are, SABB has the right solution for you.No matter whether you would like to:

  • Get married or plan a family vacation
  • Enroll your loved ones in schools and universities
  • Buy a new car
  • Or with any other financial requirement
SABB provides Shariah compliant Personal Finance, to help you fulfil your ambitions and achieve your dreams, with attractive features and competitive rates.

SABB offers you personal financing solutions under the concepts of “Tawarruq” and “Murabaha”

The “Tawarruq” concept is approved by SABB’s Shariah Supervisory Committee. SABB owns metals that it purchased from the global market. These metals are then sold to you at a known and fixed annual percentage rate. After buying the metals from SABB, you can issue a power of attorney to SABB for the purpose of selling the metals for cash.

  • Fully Shariah-compliant financing solution
  • Instant approval and you can get your finance within 3 hours, if you have provided all required documentation
  • Financing of up to SAR 1,500,000
  • In case of death or permanent disability (God Forbid), outstanding finance amount will be waived after providing the required documents.
  • Repayment period of up to 5 years (60 months)
  • Option to pay off existing debts with other banks (Switch Program)
  • Additional personal finance (top up) is possible after paying off a minimum of 20% from you current finance principle amount
Documents Required
  • Copy of ID (Saudi nationals), or passport copy (GCC nationals and expatriates) with Iqama valid for a minimum of one month (expatriates)
  • A Salary Introduction Letter that is less than one month old
  • Salary Assignment Letter (signed by an authorised signatory)
  • The applicant must be at least 21 years of age and maximum 58 years for government or 60 years for private sector.
  • A minimum basic salary of SAR 3,000 (Saudi & Non-Saudi)
  • A Minimum total salary starts from (SAR 4,000) for Saudi nationals and (SAR 5,000) for non-Saudi.
  • The applicant must be employed for at least one month for (Saudi nationals) and 3 months for (non-Saudis) in his/her current job
Additional Information


  • Early settlement fee is the next three months profit based on payment schedule.
 Property Market Value Fixed or Variable Rate APR Maturity in YearsPayment Type Monthly Repayment Amount*  Early Payment Charges
 100,000 Fixed 3.150% 5 Years Principal and Interest / Profit 1,782.55 Profit of future 3 installments
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Riyad Bank - Tawarruq
Minimum Salary
SAR 3000
Flat Rate