Lands
The land financing product is designed for customers wishing to own a residential or commercial land through Ijarah or Murabaha financing structures.
Product Features
Certified by SHL Shariah Board
Salary transfer is not required
Up to the age of 70 years
A financing amount of up to SAR 2M
Financing period of up to 20 years
Exemption in the event of death or total disability
Fixed or flexible monthly payments
Ability to choose residential or commercial land
Eligibility Criteria
Age Criteria
The minimum age is 21 years old
Age Criteria 2
The age of the customer should not exceed 70 years at the last payment of the monthly installments
Net Monthly Income
Starting from SR 5,000
Property conditions
The property must be within the urban scope and approved plans