Shariah-Compliant Shariah-compliant based on Murabaha. Additional Finance Eligibility Become eligible for additional financing if your monthly salary increases. Debt Relief Protection Benefit from debt relief in case of death or permanent disability. Refinancing Options Access refinancing options after meeting the required financing amount. No Sponsor/Guarantor Required Apply for financing without the need for a guarantor or sponsor. Same Day Disbursement Get your financing approved on the same day, subject to eligibility and completion of documentation. Eligibility Criteria Required Documents Nationality Applicants must be Saudi citizens. Age Applicants must be at least 21 years old, with a maximum age of 65 at finance maturity. Current Account Applicants must have an active Current Account at SIB. Service Period Applicants must meet the minimum service period based on their employment sector: Government, semi-government, and military (officers): Minimum 1 month Private sector: Minimum 3 months (1 year for expats) Approved Employer Applicants must be currently employed or retired from the government or private sector and listed under SIB’s approved employer list. Current Finance Amount Applicants must have paid at least 20% of their current finance amount to be eligible for refinancing. Government Identification A valid Saudi National ID. Identity Card Employer’s staff identity card (showing the employee’s rank or grade, where applicable). Introduction Letter An official employer letter stating your salary, allowances, and employment start date. Frequently Asked Questions How can I apply for this product? You can apply through SIB Retail App, SIB Retail Online, or by calling SIB Phone Banking at 800 124 8000.The application is fully digital, and you’ll receive updates at each step. What profit rate do I pay? The profit rate is fixed for the full tenor of the Murabaha Personal Finance. You can use the calculator above to get an estimated profit amount. For the current profit rate or available promotions, please contact SIB Phone at 800 124 8000. Is this finance Shariah-compliant? Yes. Refinance is structured in accordance with Shariah principles and approved by the bank’s Shariah Committee.