Prices of Financing and Savings Products

Home Finance

Murabaha Finance Example:

Property Market Value (SAR)

500,000

Loan to value Ratio

90%

Fixed or Variable Rate

Fixed

Annual Percentage Rate (APR)

6.78%

Maturity in Years

25 Years

Payment Type

Principal and Profit

Monthly Repayment Amount* (SAR)

3,030.00

Early Payment Charges

Profit of future 3 installments

Personal Finance

Murabaha Finance Example:

Financing Amount

Tenures

Annual Percentage Rate (APR)

Monthly Installment

Admin Fee

SAR 50,0005 Years3.58%SAR 900SAR 500
  • The above table is for example, and the annual percentage rate may differ according to the amount, maturity period, and credit score for each customer.

Price or calculation is subject to change depending on the influencing factors such as consumer’s credit records

Credit Card

Illustration:

Annual Percentage Rate (APR) Monthly Profit RateMinimum repayment Amount Months until Balance Repaid
24%2%5%189 months
  • The above illustration is based on an outstanding value of SAR 1,000/-
  • The above table is for illustration example, and the annual percentage rate may vary according to the amount, maturity period and credit score for each customer.
  • If the minimum amount is paid monthly, it will take approximately 189 months to pay off the full amount subject to compound interest / and added profits every month.

Price or calculation is subject to change depending on the influencing factors such as consumer’s credit records

Murabaha Deposit

Example: Murabaha Term Deposit (one year)

Minimum Amount for Deposit Amount

Equivalent annual rate

The number of withdrawals allowed in the first year

The number of withdrawals allowed in the second year

Maximum Limit

1,000.00

1%

one time

Not applicable

Not applicable

Example : Murabaha Term Deposit (one month)

Minimum Amount for Deposit Amount

Equivalent annual rate

The number of withdrawals allowed in the first year

The number of withdrawals allowed in the second year

Maximum Limit

1,000.00

0.5%

one time

*Not applicable

**Not applicable

  • *Given that the deposit is limited to a period of (one month) only
  • ** As per the bank’s policy, there is no maximum amount for the deposit

Example : Murabaha Term Deposit (three months)

Minimum Amount for Deposit Amount

Equivalent annual rate

The number of withdrawals allowed in the first year

The number of withdrawals allowed in the second year

Maximum Limit

1,000.00

0.75%

one time

*Not applicable

**Not applicable

  • *Given that the deposit is limited to a period of (three month) only
  • ** As per the bank’s policy, there is no maximum amount for the deposit