Real Estate–Updates
Al-Ahli Bank has launched a residential real estate financing program for its customers based on the murabaha model, which complies with the provisions of Islamic Sharia, as part of the mortgage financing programs available to the bank’s customers.
This initiative reflects Al-Ahli Bank’s commitment to continuing its support for the housing sector in the Kingdom and playing an active role in financing citizens" housing and real estate needs through its financing products and programs, in line with the Kingdom’s economic and development plans—specifically those for the housing sector—which are supported by the wise policies of the Government of the Custodian of the Two Holy Mosques and the National Transformation Program, thereby realizing the National Vision.
It is worth noting that Al-Ahli Real Estate’s financing program for residential buildings includes numerous benefits, foremost among which are a competitive profit rate, immediate preliminary approval, and flexible options and facilities—including a 2-in-1 feature, financing of brokerage fees andadditional financing for the Real Estate Development Fund, as well as the option to lease the property to a third party.
One of the most notable advantages of Al-Ahli Real Estate’s residential building financing program is that it offers a new feature: the ability to finance residential buildings for individual customers in certain approved non-major cities, including, but not limited to, Taif, Jubail, and Tabuk, in addition to the Kingdom’s major cities.
