Personal Shares Financing

Personal Shares Financing by Bank Albilad

​​Last update on 19-08-2020

Set your goals, and we will help you achieve them! 


We at Bank Albilad are keen to provide you the best financing solutions. The shares financing from Bank Albilad allows you to own your shares after we sell them to you at an agreed profit margin with a convenience payment method and financing period of up to 5 years!



What are the key features of Bank Albilad shares financing?

 
Here’s what you can expect from our shares financing service: 
  • Sharia-compliant financing services 
  • Available to Saudi and non-Saudi
  • Ability to choose the desired Shariah approved shares from the local market
  • Financing is available to other bank employees with no salary transfer 
  • Early settlement is available
  • Financing is executed instantly. 
  • Financing period up to 5 years
  • Financing amount up to SAR 2,000,000. 
  • Ability to defer one instalment per annum
  • Available for retired customers
  • Available with no salary transfer 
*Terms and condition are applied

Terms and Conditions 


  • Customer must be 18 years or older
  • Open current account with Bank Albilad 
  • Customer must be an employee of a public or private sector approved by Bank Albilad.
  • Customer's salary should be 3,000 SAR or more for Saudis and 3,500 SAR for non-Saudi

FAQs

 

 What documents do I require to submit for shares financing?

  • Customers must have the following documents:
  • Valid ID 
  • ID copy for military employees
  • Fill out disclosure form 
  • Filling "Local Shares Installment Purchase Order" Form
  • A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment
  • A statement of salary transfer from employer 


 Is there any management fee?

The management fee is 1% of the financing amount with cap. of SAR 5,000.


How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Shares Financing
Finance amountSAR 100,000  
Total profit marginSAR 10,000  
APR4.31%
Management feesManagement fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration60 months
Total finance costSAR 110,000
Monthly installmentSAR 1,833.33

APR may differ depending on the amount, maturity period and credit scoring of the customer

TERMS AND CONDITIONS APPLY.



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