New channels for financing facilities through approved financing agencies in the KSA
This program means the purchase of the client’s real estate debts that currently exists in the bank or the financing company this financing by another financing authority, for any reason related to the client himself, and usually some clients resort to this type of financing for certain reasons, the most important and most famous of which are, for example, but not limited to Converting the contract form from Ijarah Muntahia Bittamleek to Murabaha or Ijarah form with a fixed instalment Benefit from the support provided by the Real Estate Development Fund and transfer the existing loan to a subsidized one Benefit from a lower Murabaha rate than the current contract Some customers desire to reduce the monthly installment to be less than the current installment
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