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Frequently Asked Questions
Yes, the finance is compliant with the regulations of Islamic Shariah and approved by the Shariah Committee
Yes, the client can sell the commodity himself
Yes, and they are paid up after bringing the standing order and the VAT payment at 15% of the administrative fees
Yes, there are agency fees for selling the commodity
The minimum is SAR 20,000 and the maximum is SAR 200,000
Yes, all profits are deducted and only the profits of 3 installments will be retained
The commodities are iron and Rice
It depends on the time taken by the applicant for finance to provide the required documents and their accuracy and validity. For companies, the receipt of finance takes a maximum of 7-10 working days if all required documents are furnished
Yes, if the client pays the Company on a regular basis
Not, we do not
No, he/she can not
Yes, they can, provided that the salary is not less than SAR 8,000
No, there is not
At the application stage, the client and the guarantor must visit the branch
It is not required, in the case of employees of civil public sector and military sectors, that a guarantor be provided, but for employees of the private this is required
Yes, and the finance is deposited into the account provided by the client for depositing the salary only
Yes
Yes, it affects it, depending on the other credit data of the client and the guarantor
Yes, it affects it, depending on the other credit data of the client and the guarantor
We are happy to answer all your questions. If you did not find the answer you were looking for on this page, please click on the icon below and send us a new inquiry.
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