Making your dreams come true

At Al Rajhi Bank we understand that sometimes you need that extra cash to renovate your home, pay for your kid’s university education, or give them the wedding they dream of. That’s why we have devised for you a fully Sharia compliant finance solution that can help you meet your unexpected expenses. The best part is that our team can process your financing needs in less than 30 minutes.

Below you can find an illustration of a sample solution for your reference. You can also find the eligibility criteria for both Saudis and Non-Saudis, as well as those for retirees.

More features of Watani Finance

  • Shariah Compliant

    All of our programs are approved and monitored by our Shariah Board.

  • Flexible tenor

    Tenor ranging from 1 to 5 years. 

  • Commodity trading

    Available in both Shares and Commodities.

SAR 0*

SAR 0*
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* Terms and Conditions

This calculator and is intended for use as a guide only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you nd Al Rajhi Bank.

Avoid Risks, get the safe finance solution:

Get the most secure finance, Al Rajhi bank customers can obtain refinance at competitive rates, without going to unreliable financers. Avoid risks, and benefit from Al Rajhi bank solutions with the peace of mind that you deserve.

Fees & Charges

Annual Membership

SAR 500

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Product Fees & Charges
Schedule of Charges Administrative Fee

  • 1% of Finance Amount (or SAR 5,000, whichever is lower)
  • 15% Value added tax (VAT)

How To Apply

  • Please visit your nearest Al Rajhi Bank branch
  • Call us at 8001241222
  • Apply Online
  • Saudi and Non Saudi
  • Am I Eligible

Financial illustration as an example only, for your information:

Finance Amount SR 50,000
Term Finance 3.12%*
Tenure 60 months
Monthly Installment SR 900
Management Fee SR 500
Annual Percentage Rate (APR) 3.58%*

Here are the things that we’ll need from you…

Eligibility & Criteria

  • Maximum age of 65 (at maturity of Finance)
  • Work for an employer pre-approved by the Bank
  • In the case of joint finance, the combined income of the borrower & co-borrower should be at least SAR 10,000
  • Transfer salary, supported by a salary assignment letter from your employer, to your account with ARB.
  • In the case of joint finance, both borrower and co-borrower must have a Salary Account with us.

Required Documents

  • Copy of a valid Saudi National Identity Card
  • Employment letter - For the private sector, it must be stamped by the Chamber of Commerce.
  • Completed Home Finance application form
  • Completed quotation
  • A copy of the title deed (both sides)
  • Acknowledgement that you inspected the home
  • Location map of the home
  • A copy of the Building Permission



Here are the things that we’ll need from you…

Eligibility & Criteria

  • Maximum age of 60 for employees and 70 for retirees. (When paying last installment)
  • Work for an employer pre-approved by the bank.
  • Minimum Salary of 2,000 SAR for Saudi Employees & 1,900 SAR for retirees*.
  • Minimum Salary of 5,000 SAR for Non-Saudis.
*Terms & Conditions Apply.

Required Documents

  • National ID or Iqama ID for Non-Saudis
  • Salary Certificate.
  • Salary Transfer.
  • Personal Finance Application Form.


Frequently Asked Questions:
Watani Finance
  • What is Watani?
    Watani is Al Rajhi Bank’s flagship Personal Finance solution that responds to your short and long term needs at the pace that you desire. Thanks to a seamless end-to-end process, you can avail a fully Sharia compliant Personal Financing in only 30 minutes. To begin, simply visit your nearest branch. For more information, call 800 124 1222
  • How is Watani Sharia Compliant
    Watani is based on the concept of Al Rajhi Bank buying Sharia compliant local shares and selling them to you on deferred basis at a profit (since the contract follows the concept of Musawama, the cost is not disclosed to you). Immediately afterwards, you can choose to sell the shares (at the prevailing market price) and receive the cash in your account.
  • What if I change my mind and wish to switch from Watani to Watani Advance?
    As long as you have not signed the contract, you are allowed to switch from Watani financing to Watani Advance.