Table 1: Home Financing Programs Comparison
Bank
ANB
Products offered
Murābahah
/Ijārah
Min. Salary
Min. Yrs of Services
Joint Loan
5K
1 Years
Yes
Profit Margin
5% to 5.25%
Max. Tenor (Months)
Max. age of house (Years)
SAMBA SABB Riyad Bank RAJHI
Murābahah
Ijārah
180/300
10
5K
1 Year
Yes
4.25% to
4.75%
300
10
5K
1 Year
Yes
4.75% to
5.99%
300
25
Down Payment
0% to 10%
0% to 15%
5% to 10%
Max. Amount
Min. Amount
Insurance
Estimation fee
Management fee
Age
4M
200K
Yes
1700
1500
23-70 land 18
5M
150K
Yes
1000
1475
22-60
4M
150K
Yes
1500
1500
21-60
Late payment Penalties
2% to 5%
2% to 5%
2% to 5%
any time
any time
Early settlement
after one year
Source: Various websites and reports.
NCB Albilad
BSF
Murābahah/
Murābahah
Ijārah/Istisna’/ Ijārah Murābahah
/Ijārah
Mushārakah
5K
2K
5K
5K
5K
6 months
6 months
1 Years
1 Year
1 Year
Yes
Yes
suspend
Yes
Yes
4.5% to
4.75% to
4.25% to 6.5% 4.75% to 5.5% 4.75%
4.9%
5.5%
240/360
300
300
240
300
26
20
10
20
15
10% For
10%
10%
10%
No
Land & 15%
for Home
5M
5M
3M
3M
1.5M
150K
30K
150K
100K
150K
Yes
No
Yes
Yes
Yes
1500
2000
1500
2000
2000
1000
0
500
0
1500
20-60
18-60
25-60
21-60
22-60
2% to 5% for
each late
NO
2% to 5%
NO
2% to 5%
installment
after one year
any time
any time any time
any time
Murābahah
/Ijārah