Equity Release
The product is designed for customers wishing to obtain cash in return by pledging a property they own through Ijarah financing structures
Product Features
Certified by SHL Shariah Board
Salary transfer is not required
Up to the age of 70 years
A financing amount of up to SAR 5 M
Financing period of up to 20 years
Exemption in the event of death or total disability
Fixed or flexible monthly payments
Different types of property to pledge villa/apartment/building/land
Eligibility Criteria
Age Criteria
The minimum age is 21 years old
Age Criteria 2
The maximum age is 70 years at the last monthly payments
Net Monthly Income
should not be less than SAR 5,000
Property conditions
The property must be within the urban scope and approved plans