Al Rajhi Bank’s additional funding program in cooperation with the Real Estate Development Fund (REDF)

  • Program Overview

    Based on the Murabaha principle, this is a real estate financing program for customers who meet the credit conditions of Al Rajhi Bank. This type of funding will be granted to Saudi citizen beneficiaries who have been issued Royal approvals on the available and eligible state loan of 500 thousand Riyals.

    Al Rajhi Bank will purchase the property on behalf of the beneficiary customer in full amount to the seller on basis that the Development Fund will pay an amount of 500 thousand Riyals on behalf of the customer (beneficiary) towards the bank as an advance payment of the purchase amount. Following will be an explanation of the program steps.

  • Program Application Steps
  • Frequently Asked Questions