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Auto Financing (Murabaha)

Auto Financing (Murabaha) by Bank Albilad
 
Own your dream car with Bank Albilad!
Bank Albilad promises to fulfill our customers’ banking needs with the Auto Financing solution, while taking into consideration all Islamic Banking Laws. If you wish to buy a new car, we will aid you by buying the car and selling to you (keeping an agreed profit margin) with a convenient payment method and a financing plan of up to 5 years!
Apply Now!

What are the features of the plan?

  • ​​​​​​Sharia-compliant plan.
  • Available to both Saudi and Non-Saudi.
  • No down payment & fast financing execution.
  • Choose the desired car, according to your credit limit.
  • Early settlement available.
  • Financing period up to 5 years, financing amount up to SAR 2,000,000.
  • Guarantor not required.
  • Ability to defer one instalment per annum.
  • Available for retired customers as we


Terms & conditions

 
  • ​customer must be 18 or older
  • Current account must be opened with Bank Albilad
  • Customer's field of employment (in private/public) sector must be approved by Bank Albilad.
  • Customer's salary must be SAR 3,000 or above f​or Saudi customers and SAR 3,500 or above for non-Saudi customers.
  • Salary transfer required 

 

FAQs

How can I open a current account through Albilad App?
How can I open a current account through Albilad Net?
How can I request the printed Mada Card after I open my new account online?
How can I activate my Albilad net account?
Once I receive my mada debit card, how can I activate it?
If I don't have an Absher account, How do I authenticate my current account opening using the fingerprint ATM?
How Can I open a supplementary account through Albilad App?
How Can I open a supplementary account through Albilad Net?
What security settings can I change on my online checking account?
What are the services that I cannot avail by opening my account online?