Tawarruq - Personal Finance
Tawarruq
Funding your personal needs and aspirations instantly.
Riyad Bank’s Tawarruq financing is designed to provide you with funds when needed with competitive profit margins in a very easy and flexible way.
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Shari’a compliant
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Special packages for Saudis & Residents
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Balance transfer from other banks
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Easy and quick processing
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Competitive profit margin rates
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Your additional income is included in the Tawarruq program
More Information
Tawarruq personal financing is a tailored program that gives you easy access to cash in a Shari’a compliant manner.
Tawarruq is a sharia compliant finance method, with which you can raise loan finance through buying installments in a local commodity, owned by the Bank. The applicant then authorizes whom he see's to sell his shares in the commodity according to the form approved from the sharia’a committee. Then the agent deposits the proceeds into his account.
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Approved by Riyad Bank’s Shari’a Committee.
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Possibility of financing pensioners up to the age of 75
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For salary transfer financing, all outstanding balance will be waived in case of customer’s death (may God forbid)
For Personal Finance APR disclosure, click here
All you need to do is visit your nearest Riyad Bank branch with the following documents:
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Completed application for Tawarruq Financing
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Salary certificate
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Salary transfer letter from the employer
Riyad Bank customers can also apply for Personal Finance through Riyad Online or Riyad Mobile. Click here to know more
For more information please call our toll free number 800-124-2020.
Apply Online - Tawarruq
Riyad Bank’s Tawarruq financing is designed to provide you with funds when needed with competitive profit margins in a very easy and flexible way.
