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Manazel Home Finance
Manazel Home Finance is one of SABB’s Islamic Banking Solutions and is fully compliant with Shariah principles. Renowned for its benefits and flexibility, it is considered to be a true pioneer in home ownership solutions.
A Complete Home Financing Product
We now offer a range of Home Financing products using:
Ijarahconcept where SABB owns the property and leases it to the customer with a promise to transfer the ownership in the customer name at the end.
Istisna’aand Ijarah Mausoofa Fi-Dhimah – SABB provide finance to customers, who own land, to construct their house as per their taste and design.
A customer can:
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Own a completed Villa, Duplex, apartment or Residential building through Ijarah concept
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Own an uncompleted house (near to completion) through Ijarah concept
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Build their own home, if you already own land through Istisna’a and Ijarah Mausoofa Fi-Dhimah concept
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Own a land through Ijarah concept for building a home in future
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Get financing against the property you already own through Ijarah concept
Features & Benefits
- Fully Shariah compliant Products
- Finance available for up to SAR 5,000,000
- Finance available up to 20 years
- Available for Government and Private employees.
- Possibility of joint finance for couples & blood relatives (children, siblings).
- Exemption of repayment in case of death or permanent disability.
Ready to apply?
Now
Or..
- Visit the nearest Branch...
- Call us..on Toll Free: 800 124 8888 within the Kingdom or +966 (0)11 440-8888 from a mobile/abroad
- Register in SABBNET "Internet Banking Services" and enjoy preferential fees
