{"id":2966,"date":"2022-01-17T09:50:53","date_gmt":"2022-01-17T09:50:53","guid":{"rendered":"https:\/\/osoulmodern.com\/individual-finance\/"},"modified":"2025-03-19T10:58:41","modified_gmt":"2025-03-19T10:58:41","slug":"individual-finance","status":"publish","type":"page","link":"https:\/\/osoulmodern.com\/en\/individual-finance\/","title":{"rendered":"Individual Finance"},"content":{"rendered":"
<\/div>
\r\n\t\r\n<\/svg><\/div>
<\/div>
Terms and Documents<\/span><\/span><\/div>
<\/div>

Personal Financing<\/span><\/span><\/h1>
<\/div>
<\/div>
<\/i><\/a><\/div><\/div><\/div><\/div><\/div><\/section>

Benefits of Personal Financing<\/span><\/span><\/h2>

We value your aspirations, which is why we offer innovative and Sharia-compliant financial solutions that cater to your needs and help you achieve your financial goals with confidence and security.<\/p>\n<\/div><\/div>

<\/div>
\"\"<\/div><\/div>
Financial Solutions<\/span><\/span><\/div>
Help you achieve your ambitions.<\/span><\/span><\/div><\/div><\/div>
\"\"<\/div><\/div>
Easy Repayment<\/span><\/span><\/div>
Flexible terms up to 60 months (5 years)<\/span><\/span><\/div><\/div><\/div>
\"\"<\/div><\/div>
Licensed <\/span><\/span><\/div>
Compliant with Islamic Sharia principles<\/span><\/span><\/div><\/div><\/div>
\"\"<\/div><\/div>
Very Convenient<\/span><\/span><\/div>
Without salary transfer or employer agreement.<\/span><\/span><\/div><\/div><\/div>
\"\"<\/div><\/div>
Exemption in case of death<\/span><\/span><\/div>
Debt exemption in case of death (God forbid)<\/span><\/span><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>

Conditions for Obtaining Personal Financing<\/h2>\n<\/div><\/div>
<\/div>
<\/i><\/div>
Saudi Only<\/h6>

Financing is currently available only for Saudi citizens<\/p>\n<\/div><\/div><\/div><\/div><\/div>

<\/i><\/div>
Service Duration<\/h6>

Service duration: at least 3 months for government and military, 6 months for private sector<\/p>\n<\/div><\/div><\/div><\/div><\/div>

<\/i><\/div>
Salary Requirement<\/h6>

Minimum salary is 5K for government and private sectors, 8K for military, and 1,989 for retirees<\/p>\n<\/div><\/div><\/div><\/div><\/div>

<\/i><\/div>
Sarie<\/h6>

The customer’s salary must be transferred to local banks under the Sarie Program<\/p>\n<\/div><\/div><\/div><\/div><\/div>

<\/i><\/div>
Customer’s Age<\/h6>

Age must be at least 21 years and not exceed 60 years at the time of the last installment maturity<\/p>\n<\/div><\/div><\/div><\/div><\/div>

<\/i><\/div>
Retiree’s Age<\/h6>

The retiree’s age must not exceed 68 years at the time of the last installment maturity<\/p>\n<\/div><\/div><\/div><\/div><\/div>

<\/i><\/div>
Clean Financial Record<\/h6>

No defaults in SIMAH, legal judgments, or returned checks<\/p>\n<\/div><\/div><\/div><\/div><\/div>

<\/i><\/div>
Guarantor Requirement<\/h6>

A guarantor is required for financing exceeding 100K for government, military, and private sector clients.<\/p>\n

\n<\/div><\/div><\/div><\/div><\/div><\/div>

<\/div>