Update September 2021
annual profit rate (apr)
Example for Platinum credit card with credit limit of SAR 10,000:
|
APR
|
Credit Card Purchase Rate*
|
Minimum Repayment Percentage
|
Months Until Balance Repaid **
|
|
36.46%
|
1.95 % Monthly
|
5%
|
76 months
|
|
41.42%
|
2.25% Monthly
|
82 months
|
|
45.68%
|
2.50% Monthly
|
88 months
|
The above table is an example.
*The actual Credit Card Purchase rate is based on the customer’s salary and the employer’s classification.
**If only minimum repayment is made every month, it will take 76 months to repay the full amount, keeping in mind the compounded interest added each month.
|
Finance Amount
|
Maturity in Year
|
APR
|
Monthly Repayment Amount
|
|
SR 300,000
|
5 Years
|
%3.58
|
SR 5,397.5
|
The above table is an example, and subject to change based on the credit history, employer, age, finance value, finance tenor, salary, etc…
1. (purchasing ready unit, self-construction and mortgage)
- For customers purchasing the first house:
|
Property market value
|
Finance to value ratio
|
Fixed or variable rate
|
APR
|
Maturity in Year
|
Payment type
|
Monthly repayment amount
|
Early payment charge
|
|
SR 500,000
|
90%
|
Fixed
|
5.42%
|
20 years
|
Principal & profit
|
SR 3,007.50
|
Profits of 3 months future payments
|
The above table is an example, and subject to change based on the credit history, employer, age, finance value, finance tenor, salary, etc…
- For customers purchasing the second house:
|
Property market value
|
Finance to value ratio
|
Fixed or variable rate
|
APR
|
Maturity in Year
|
Payment type
|
Monthly repayment amount
|
Early payment charge
|
|
SR 500,000
|
70%
|
Fixed
|
5.42%
|
20 years
|
Principal & profit
|
SR 2,339.17
|
Profits of 3 months future payments
|
The above table is an example, and subject to change based on the credit history, employer, age, finance value, finance tenor, salary, etc…
2. (units under construction)
|
Property market value
|
Finance to value ratio
|
Fixed or variable rate
|
APR
|
Maturity in Year
|
Payment type
|
Monthly repayment amount
|
Early payment charge
|
|
SR 500,000
|
90%
|
Fixed
|
5.42%
|
20 years
|
Portion of the Profit only will be paid during the construction period
The Principal & profit will be paid when the construction is completed
|
SR 3,007.50
|
Profits of 3 months future payments
|
The above table is an example, and subject to change based on the credit history, employer, age, finance value, finance tenor, salary, etc…
-
AUTO LEASE ( RESIDUAL FINAL PAYMENT REFINANCE)
|
Asset Type
|
Maturity in Year
|
APR
|
Monthly repayment amount
|
Residual value
|
|
Car (Refinance of Residual Value)
|
1 Year
|
43.58%
|
SR 1,008.25
|
SR 10,000
|
|
Car (Refinance of Residual Value)
|
1 Year
|
23.08%
|
SR 3,258.04
|
SR 35,000
|
|
Car (Refinance of Residual Value)
|
2 Years
|
26.29%
|
SR 1,316.46
|
SR 25,000
|
The above figures are an example and subject to change based on the credit history, employer, age, finance value, finance tenor, salary,Car value etc..
Short Term Tawaruq – Once
|
Product
|
APR
|
Management Fees
|
Low or High Limit of Management Fees
|
|
Short Term Tawaruq - Once
|
From 4% to 15%
|
From 0% to 5%
|
No
|
Examples
|
Finance Amount (SAR)*
|
Finance Tenure
|
Cost of Finance (APR)
|
Management Fees
|
Management Fees
Amount (SAR)
|
Monthly Instalment Amount (SAR)*
|
|
1,000,000
|
12 Months
|
6%
|
2%
|
20,000
|
88,500
|
|
1,000,000
|
12 Months
|
4%
|
1%
|
10,000
|
86,777
|
|
1,000,000
|
12 Months
|
12%
|
3%
|
30,000
|
93,666
|
* The above table is an example, and the annual percentage rate varies according to the amount, maturity period and credit score for each client, bearing in mind that the monthly installment amount is variable in order to apply the profit margin on the remaining balance of the financing, as the amount of the original financing remains the same throughout the financing tenure without any change. However, the amount of the profit margin changes incrementally as the financing principal decreases.
Medium Term Tawaruq – Once
|
Product
|
APR
|
Management Fees
|
Low or High Limit of Management Fees
|
|
Medium Term Tawaruq - Once
|
From 4% to 15%
|
From 0% to 5%
|
No
|
Examples
|
Finance Amount (SAR)*
|
Finance Tenure
|
Cost of Finance (APR)
|
Management Fees
|
Management Fees
Amount (SAR)
|
Monthly Instalment Amount (SAR)*
|
|
1,000,000
|
18 Months
|
10%
|
2%
|
20,000
|
64,166
|
|
1,000,000
|
24 Months
|
7%
|
3%
|
30,000
|
47,694
|
|
1,000,000
|
36 Months
|
8%
|
4%
|
40,000
|
34,666
|
* The above table is an example, and the annual percentage rate varies according to the amount, maturity period and credit score for each client, bearing in mind that the monthly installment amount is variable in order to apply the profit margin on the remaining balance of the financing, as the amount of the original financing remains the same throughout the financing tenure without any change. However, the amount of the profit margin changes incrementally as the financing principal decreases.
Short Term Tawaruq – Revolving
|
Product
|
APR
|
Management Fees
|
Low or High Limit of Management Fees
|
|
Short Term Tawaruq - Revolving
|
From 4% to 15%
|
From 0% to 5%
|
No
|
Examples
|
Finance Amount (SAR)*
|
Finance Tenure
|
Payment Term
|
Payment Method
|
Cost of Finance (APR)
|
Management Fees
|
Management Fees
Amount (SAR)
|
Monthly Instalment Amount (SAR)*
|
|
1,000,000
|
12 Months
|
6 Months
|
2 Payments Quarterly
|
12%
|
2%
|
20,000
|
530,000
|
|
1,000,000
|
12 Months
|
6 Months
|
Full Payment
|
5%
|
3%
|
30,000
|
1,060,000
|
|
1,000,000
|
12 Months
|
6 Months
|
Monthly
|
7%
|
1%
|
10,000
|
170,500
|
* The above table is an example and the annual percentage rate, maturity period and credit score may vary for each customer.
Letter of credits financing
|
Product
|
APR
|
Management Fees
|
Cash Margin
|
Low or High Limit of Management Fees
|
|
Documentary credits financing
|
From 4% to 15%
|
From 0% to 5%
|
From 10% to 40%
|
No
|
Examples
|
Finance Amount (SAR)*
|
Finance Tenure
|
Payment Term
|
Payment Method
|
Cost of Finance (APR)
|
Cash Insurance
|
Management Fees
|
Management Fees
Amount (SAR)
|
Monthly Instalment Amount (SAR)*
|
|
1,000,000
|
12 Months
|
120 Days
|
Full Payment
|
5%
|
15%
|
2%
|
20,000
|
1,016,666
|
|
1,000,000
|
12 Months
|
90 Days
|
Full Payment
|
12%
|
30%
|
3%
|
30,000
|
1,030,000
|
|
1,000,000
|
12 Months
|
210 Days
|
Full Payment
|
7%
|
25%
|
1%
|
10,000
|
1,040,000
|
* The above table is an example and the annual percentage rate, maturity period and credit score may vary for each customer.
Islamic overdraft
|
Product
|
APR
|
Management Fees
|
Low or High Limit of Management Fees
|
|
Islamic Overdraft
|
From 4% to 15%
|
From 0% to 5%
|
No
|
* The above table is an example and the annual percentage rate, maturity period and credit score may vary for each customer.
* The value of the profit margin is calculated on a monthly basis based on the overdraft balance and there are no specific installments.
-
AL GHAD AL MUBARAK ACCOUNT
|
Average Balance during month*
|
Profit calculation
|
Profit payment
|
AER
|
Number of withdrawals permitted for earning profit
|
|
SR. 2,500
|
Monthly
|
Half-Yearly
|
0.25%
|
2 per Month
|
|
SR 50,000
|
Monthly
|
Half Yearly
|
0.25%
|
2 per month
|
|
SR 100,000
|
Monthly
|
Half Yearly
|
0.25%
|
2 per month
|
The above table is an example. The AER and number of withdrawals permitted for earning profit are subject to change based on the market conditions.
*Minimum required monthly average balance to earn profit is SR 2,500.
-
AL MUBARAK MURABAHA INVESTMENT ACCOUNT
|
Deposit Amount
|
Period
|
AER
|
Expected Profit Amount
|
Expected Maturity Amount
|
|
SR 100,000
|
12 months
|
1.00%
|
SR 1,000
|
SR 101,000
|
|
SR 200,000
|
6 months
|
0.80%
|
SR 800
|
SR 200,800
|
|
SR 50,000
|
24 months
|
1.50%
|
SR 1,511
|
SR 51,511
|
The above table is an example. AER varies with the amount and period & it is subject to change based on the market conditions.
|
Deposit Amount
|
Period
|
AER
|
Expected Profit Amount
|
Expected Maturity Amount
|
|
SR 200,000
|
12 months
|
1.00%
|
SR 2,000
|
SR 202,000
|
|
SR 100,000
|
3 months
|
0.70%
|
SR 175
|
SR 100,175
|
|
SR 250,000
|
6 months
|
0.80%
|
SR 1,000
|
SR 251,000
|
The above table is an example. AER varies with the amount and period & it is subject to change based on the market conditions.
-
SAVINGS ACCOUNT (CONVENTIONAL)
|
Lowest Balance during month*
|
Profit calculation
|
Profit payment
|
AER
|
Number of withdrawals permitted for earning profit
|
|
SR. 1,000
|
Monthly
|
Half-Yearly
|
0.05%
|
No Limit
|
|
SR 5,000
|
Monthly
|
Half Yearly
|
0.05%
|
No Limit
|
|
SR 10,000
|
Monthly
|
Half Yearly
|
0.05%
|
No Limit
|
The above table is an example. AER is subject to change based on the market conditions.
*Lowest account balance required to earn profit is SR 1,000.
*Terms and Conditions Apply