Ijarah for Individuals - Auto

Under this product, individuals have the option to lease a car and have an option to own the car ("promise to own") at the end of the lease contract.

    Key Features:
  • Lease approval within hours
  • Option to lease the car for up to 5 calendar years
  • Shariah Compliant
  • Comprehensive Insurance covering accidents, thefts and natural disasters
  • Flexible due dates
  • Ability to fill preliminary application form online
    Requirements:
  • Minimum age 21
  • Minimum salary SR 3500
  • Minimum length of service 3 months
  • Valid driving license
    Required Documents:
  • Completed lease application form
  • Copy of Valid ID (Iqama) or National ID
  • Copy of Valid driving license
  • Letter of employment (no objection certificate) along with salary certificate
  • Copy of last bill (Electricity, Water or Telephone)