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Personal Finance

Islamic Financing, based on Tawaroq whereby the customer buys a certain quantity of goods which are owned by NCB and offered to the bank’s customers. The customer buys the goods in installments and sells them (if he wishes) to a third party to get cash. The Shariah Authority monitors all the procedures and steps of this product to ensure conformity with the Shariah principles and guidelines.

Features and Benefits:

  • Shariah compliant
  • Waiver of administrative fees for Wessam AIAhli Platinum customers  for new loans only
  • Settlement in easy installments up to 5 years
  • No need for guarantor
  • Finanacing amount from SR15,000 up to SR 1,500,000
  • Ramadan installment can be deferred while taking its period into account
  • Top up financing is available subject to conditions
  • Family protection plan in case of death or total permanent disability, or other cases at the discretion of the Bank

 

 

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