Benefit
- Financing amount up to SAR 5 million
- Shariah-compliant
- Competitive profit margins
- Co-financing between spouses or first-degree relatives, up to a maximum of three people
- Financing period of up to 30 years
- In case of death or permanent disability, the debt will be waived after the required documents are submitted to the Bank and subject to insurance coverage*
An example of real estate finance
Property value | Finance as a percentage of property value | Fixed or variable profit rate* | Annual profit rate | Payment period in years | Payment type | Monthly payment amount | Early settlement fees |
---|---|---|---|---|---|---|---|
SAR 585,000 | 90% | Fixed profit | 3.76% | 20 | The principal and the profit amount | SAR 3,102 | 3 future instalments of profit |
SAR 1,000,000 | 90% | Fixed profit | 3.62% | 25 | The principal and the profit amount | SAR 4,524 | 3 future instalments of profit |
SAR 2,000,000 | 90% | Fixed profit | 4.23% | 30 | The principal and the profit amount | SAR 8,753 | 3 future instalments of profit |
The annual profit rate (APR) may change based on the change in the finance amount and the due date shown in the table above and is subject to the credit evaluation of each customer.
Finance and other related costs are subject to laws, regulations and regulatory requirements.
An example of annual profit rate for real estate finance
Residential real estate finance supported by the Murabaha mode
Duration | 5 years | 10 years | 15 years | 20 years | 25 years |
---|---|---|---|---|---|
Annual profit rate | 4.46% | 4.36% | 4.66% | 4.90% | 5.07% |
Residential real estate finance in Murabaha mode
Duration | 5 years | 10 years | 15 years | 20 years | 25 years | 30 years |
---|---|---|---|---|---|---|
Annual profit rate | 5.64% | 5.12% | 5.22% | 5.40% | 5.47% | 6.00% |
Ready to take the next step?
You can contact us with the contact below
Expect a reply within 48 hours
General Contact | |
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ContactKSA@bankfab.com |
KSA Helpline | |
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800 124 2222 |
International Helpline | |
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+966 9200 10695 |
Riyadh
Branch and Office Address:
Cayan Group Building
King Fahd Rd - Al Malqa Dist.
Riyadh 13524, Kingdom of Saudi Arabia
Jeddah
Office Address:
Randa Tower, No#7915
King AbdulAziz Road - An Nahdah District
Jeddah 23523, Kingdom of Saudi Arabia
Khobar
Office Address:
Al Reziza Tower
King Fahd Ibn Abdul Azizi Road - Al Bandariyah Dist.
Al Khobar 34424, Kingdom of Saudi Arabia
First Abu Dhabi Bank, Foreign Joint Stock Company, a listed joint stock company, incorporated in the Kingdom of Saudi Arabia, commercial registration certificate 1010454604 unified number 7004453903, P.O. Box 13524 Riyadh 4204, Kingdom of Saudi Arabia, Tel. +9668001242222 www.bankfab.com/en-sa, licensed pursuant to the Council of Ministers Resolution No 351 dated 03-02-1439 H Corresponding to 10/23/2017 AD, and regulated and supervised by the Saudi Central Bank.