Nayifat profit margin is in line with market standards
YES, Nayifat product offerings such as (tawaruq, Murabaha, Ijarah are compliant with Shari’a principles”
YES, provided that repayment is occurring on frequent basis
“Riyadh – Jeddah – Madina – Tabouk – Hafr El Baten – Dammam – Ehssa – Khourj – Qassim – Hail – AlDawadmi – Abha – Baha – Jizan – Najran – Taif – Jubail – Qatif – Sakaka .”
Depends on the documents completeness by the client.
YES, depending on the client repayment behavior and income changes
YES, Only if the employer is accredited by Nayifat
No, only cash personal finance
Yes, upon application and contract sign off
Yes, he should be present after the final approval and during contract sign off
Yes
The Finance amount shall be assessed according to the client salary, financial liabilities to ensure DBR coverage is in line with Saudi Central Bank responsible lending regulations
YES, given that a proof of accounting holding is provided
YES
YES, it will affect the client’s credit score
YES, it will affect the sponsor’s credit score
Bank deposit in Nayifat bank accounts / bank transfer from one account to another / ATM / Direct payments through our branches.
YES, it is included in the total amount, and it is not conditioned with a down payment.
Tawaruq – Morabaha – Ijarah
Tawaruq is where the company sells a commodity to its customer on a deferred payment basis, the selling price by company comprises the cost plus an agreed profit margin. The customer sells the same commodity or an asset to a third party at market price to raise the needed cash.
Murabaha is where the company sells to customers an asset, which the company finances to purchase or acquire, payable on deferred basis based on a promise received from the customer. The selling price comprises the cost plus an agreed profit margin.
Visit the branch, Phone, FAX, Email
YES
No
Yes, rates differ depending on tenure, and finance amount
Minimum threshold is SAR 10,000 and maximum threshold is SAR 300,000.
YES, in case the employers are accredited.
YES
By Calling 920035666, visiting the branch through a Sales representative, SMS.
They are a group of Saudi business men and companies
YES, in case of Ijarah personal finance.
YES, provided the debt burden coverage does not exceed 45% to 65% as per responsible lending regulations set forth by Saudi Central Bank
They are a group of Saudi business men and companies