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Local Shares Personal Finance

Get your Personal Finance in 15 minutes

Local Shares Personal Finance


Your Dreams Come True in 15 minutes with Tayseer Alahli Program …​

Whether you want to renovate your home, plan your vacation, complete your children's education or whatever your finance target may be, NCB Finance meets and achieves all of your aspirations.​

One of the most important advantages of Personal Finance via local shares is the customer’s access to cash within 15 minutes of sending the request, through buying the shares then selling them immediately or transferring them to the customer’s trading portfolio. All buy & sell /transfer transactions are carried out by a simple push of a button, which gives instruction to the stock-trading system to trade the shares in the market at their direct price. This enables the customer to complete the purchase &sale /transfer operations while being present in the bank branch.

Why local shares in particular?

It is a Sharia’h compliant financing formula, based on selling local stocks, where the bank buys and owns the stocks and afterward sells them to the customer on credit at the cost price plus the agreed profit margin.  The customer shall have the right to dispose those shares by reselling them and getting the fund or retaining them in his portfolio.

The main features of the product

Please visit one of our branches to get your Personal Finance immediately​​

  • Compatible with the provisions of Islamic Sharia.
  • Obtaining finance within 15 minutes.
  • Immediate cash deposit to the customer's account in case of selling.
  • Freedom to keep the shares for investment or to get cash to meet your needs.
  • The amount of "Tayseer Alahli" local shares ranges from 5000 Riyal up to half million Riyal.
  • Easy installments repayment programs for periods up to 5 years.
  • Possibility of postponing the installment of the month of Ramadan.
  • Insurance in the event of disability or death.
  • Financing 21 (Personal Finance and Residential Finance for maximum benefit).
  • The need for a sponsor is not required.

Management fees 1% of the amount of financing and not exceeding SAR 5000 maximum.

The nature and Relationship of the Sharia’h Committee with NCB

  • The Sharia’h Committee is an independent committee of the National Commercial Bank specializing in Islamic law. The Board consists of senior scholars who are familiar with the religious sciences, economic, legal and banking systems as well as Islamic banking. The Board is responsible for issuing legal rulings to whatever work-related cases and topics arise, as well as supervise all administration and branches work to ensure that they are consistent with the provisions of Islamic law.

  • The Sharia’h Committee works independently.

  • All National Commercial Bank sectors and departments offering Islamic banking products are committed to comply with the decisions and resolutions of the Shariah Fatwa and Supervisory Board.​


  1. All sale and purchase operations need only a simple push of a button in the system by an officer of the Bank, to be traded in the market at the market price. 

  2. This service is compatible with the provisions of Islamic law and approved by the Sharia’h Committee.​

  3. This product has been reviewed and approved by the distinguished members of the Sharia’h Committee, namely:

  • Sheikh Abdullah bin Sulaiman Almanea            Chairman. 
  • Sheikh Dr. Abdullah bin Abdul Aziz  al-Muslih    Board member. 
  • Sheikh Mohammed bin Eid al-Ali Alqari              Board member.


  • Copy of national ID or residence permit valid for (30 days)

  • Salary certificate Letter (ID letter)  from the employer that includes financial information, occupation and joining date valid for ( 30 days)

  • Sign the finance documents printed from the system​

Terms & Conditions​

  • The customer must be employed in a company in the public or private sector which transfers the salaries of their employees to  NCB via "SARIE" system for payroll.

  • The customer must have an active portfolio in case he wants to transfer the shares to his portfolio

  • Minimum monthly salary:  SR 3,000 for Saudis and SR 4,000 for non-Saudis.**

  • Employment period must not be less than one month for (Saudis in the gov sector), and 3 months for (Saudis in the big 5  & non-Saudis in the government and big 5) , and 1 year for (Saudis & non Saudis in the private sector)

  • Minimum age of applicant  is 18 years old at the date of submission of application and must be less than  60 years old  at the date of last installment for Saudis***

  • Minimum age of applicant is 22 years old at the date of submission of  application and must be less than 60 years old at the date of last installment for non-Saudis **

All terms are applicable**​

How to get a personal finance - the different phases of the process:

Stage 1: Applying stage:

  • The customer  visits the Bank branch to apply 

  • The customer  submits the required documents​

  • The customer  identifies the required finance (amount of finance, period of finance, profit margin, monthly installment)

  • The customer  identifies way of getting the shares (sell/transfer)

  • The customer  chooses one of the approved and Shariah-compliant share lists

  • The customer  signs the application form printed from the system

  • The customer  gets the initial approval​

Stage 2: Application execution stage and getting the financing:

  • Upon approval, the customer will be notified by SMS

  • The Bank branch staff will buy stocks from the market (at the market price) and then print the contract and its addendums

  • When the customer signs all the documents, the branch officer will execute a sale/transfer of shares order as agreed earlier by the customer.

  • Orders  for sale/transfer of shares:

Order for sale/transfer of shares

  1. Sale: The Bank officer will sell shares after the customer signed the contract which includes a mandate to sell the shares, and the amount will be deposited in the payroll account.

  2. Transfer: The Bank officer will request the transfer of shares from the Bank's portfolio to the customer's portfolio. (Customer must have an active portfolio to complete shares transfer option)​

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