Yes, this is a Shariah compliant finance product approved by SAIB’s Shariah Committee.

SAIB guarantees disbursement of the finance amount on the same day (subject to complete documentation).

Minimum finance amount is SAR 50,000

Maximum finance amount is SAR 200,000.

Our profit rate is highly competitive and is fixed for the entire tenor of the Murabaha finance. For our current profit rates or to enquire about special promotions, please call our Flexx Call contact center at 800 124 8000.

Yes we can buy-out your existing debt.

• Valid Iqama
• Introduction letter from employer, which would typically include the basic salary, allowances, date of joining, End of Service amount and the introduction letter’s date (must be ensured that the guarantor’s name in “Iqama” is consistent), the customer must be on the same sponsorship which issued the introduction letter.
• Official salary assignment letter in favor of SAIB, which includes all financial allowances, End of Service amount, salary account number and date of salary transfer, job classification in the Ministry of labor (MOL) in “Nitaqat” program (stamp and signature consistent with the bank’s record).
• A valid Release Letter from the previous bank. (Making sure that the issue date of the transfer letter is aligned with the validity of the release letter).
• Account statement for the past 3 months showing past 3 salaries stamped from the previous bank.

Please contact our Flexx Call contact center at 800 124 8000 or visit any of our branches.