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 50,000 | 5 Years | 3.58% | SAR 900 | SAR 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 Rate | Minimum 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