Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
The Saudi Investment Bank - Shares Murabaha Finance The Saudi Investment Bank - Shares Murabaha Finance Minimum Salary: SAR 5,000 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 6 Years Flat Rate: 0.0% Reducing Rate: 0.0%
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Shares Murabaha Finance is an Islamic financing product approved by SAIB's Shariah Committee.

You buy a certain quantity of local shares owned by the Bank at an agreed upon profit and repayment plan, then the shares are sold and the returns will be deposited to your account.

The features you need to know:
Compatible with the provisions of Islamic Shariah
Approved by the Bank's Shariah Committee.

Customer can refinance after paying the required financing amount .

Additional Finance
Eligibility for an additional finance after having an increase in monthly salary.

Debt Relief
Debt relief in case of death or permanent disability (God forbids).

No Sponsor/ Guarantor required.

Financing Amount Disbursement
Get the finance on the same day*
*In case all applicant documents are complete


-Complete SAIB application form.
-Introduction letter from your employer which includes your salary, allowance details and the date of start of employment.
-Salary assignment letter in favor of SAIB.
-Valid identity card.
-Portfolio opening form with Al Istithmar Capital
-Investment account opening form with Al Istithmar Capital 
  • Compatible with the provisions of Islamic Shariah
  • Customer can refinance after paying the required rate
  • Additional Finance
  • Debt Relief
  • No Sponsor/ Guarantor required
  • Get the finance on the same day*
Documents Required
  • Filled finance application form
  • Copy of a valid national ID card (For Saudis) or a valid Iqama (For expats)
  • Introduction letter from employer
  • Salary certificate from employer or last salary slip
  • Copy of employee ID card specifying rank/position (for armed forces, if applicable)
  • Account statement of 3 months, showing last 3 salaries and verified by the bank
  • Saudi nationals or expats
  • Minimum age when applying:
  • 18 years for Saudi nationals
  • 38 years for retirees
  • 23 years for expats
  • Maximum age at the time of finance maturity:
  • 60 years for males and females
  • 65 years for retirees
  • Minimum salary per month is:
  • Basic salary: SAR 5,000 for employed
  • Gross salary: SAR 6,500 for military sector individuals
  • Gross salary: SAR 10,000 for expats
  • SAR 4,000 for retirees
  • Debt Burden Ratio shall not exceed one-third of the gross monthly salary (33%)
  • Employment:
  • Employees of government, semi-government, military and private sectors (Bank’s approved list of companies)
  • Service period:
  • For Saudis:
  • For Government Sector: 1 months with current employer
  • For Private Sector: 3 months with current employer
  • For expats: Minimum service period with current employer is 1 year
Additional Information


To apply for SAIB Shares Murabaha Finance you must meet the following eligibility criteria:

  • -Be a Saudi Citizen.
  • -Be at least 18 years of age.
  • -Maximum age at maturity of 60 for males and females.
  • -Work for an employer included in the Bank’s approved list
  • -The customer must have a salary account at The Saudi Investment Bank
  • -Service period:
    For Government Sector: 1 months with current employer
    For Private Sector: 3 months with current employer

*Terms and conditions apply

Kindly note that all Shares Murabaha Finance facilities are subject to SAIB credit approval and SIMAH (Saudi Credit Bureau) verification.

** 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.
Representative Example Calculator
Riyad Bank - Tawarruq
Minimum Salary
SAR 3000
Flat Rate