KSA Mortgage Market - February 2008

Items SAMBA SAAB Rajhi Riyadh Riyadh ANB Al-Bilad AL Faransi Saudi Investment SHL
Product Name Bayt Al-Khair Manazel Akar Tamleek (Murabaha) Tamleek (Ijara) Manzel Manzel Maskan Dorrat AlRiyadh No Name
Government Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Semi Government Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Private Yes Yes Yes Yes Yes NO Yes Yes Yes Yes
Age Private 26-60 Govermment 22- 60 21 - 60 20 - 60 25 - 58 25 - 58 25 - 60 21-58 22-60 20-65 20-70
Minimum Salary Private SR 6,000 Govermment SR 5,000 SR 6,000 SR 3,000 SR 5,000 SR 5,000 SR 5,000 SR 5,000 SR 5,000 SR 3,500
1 Year with same company & 2
Years in Service Private 5 Year Govermment 1 Year 1 Year 6 months 6 months 6 months 1 Year 1 Year 1 Year 1 Year years in same profession
Mutual Contracts Accepted All Family ( With Wife ) Any One ( With Wife ) ( With Wife ) ( With Wife ) ( With Wife ) All Family Spouse/Father/Son
Region 6 Region All Region All Region All Region All Region All Region All Region All Region All Region All Region
Residential : Owner Yes Yes Yes Yes Yes Yes Yes Yes Yes
Residential :Others NO NO Yes NO NO NO NO Yes Yes
Commercial NO NO Yes NO NO NO NO Yes NO
Finance for Buying Land Yes NO Yes Yes Yes Yes NO Yes Yes
Maximum Age of Property 20 Years 10 Years 10 Years 10 Years 20 Years 10 Years 20 Years N/A N/A 15 Years
Maximum Debt Burden 40% 40% - 50% 40% - 50 % 40% 50% 40% 50% 40% -50 % 40% - 50 % 42 .5 % 0% 42.5%-50%
Mutual Contract 40% 40% 40% 40% 40% 40% 40% 40% 55%-45%
Maximum Loan Amount SR 1,500,000 SR 2,000,000 N/A SR 2,000,000 SR 2,000,000 2,000,000 SR 2,000,000 SR 1,500,000 45 Salary SR 2,000,000
Minimum Loan Amount SR 150,000 SR 150,000 SR 20,000 SR 50,000 SR 50,000 200,000 SR 150,000 SR 150,000 SR 0 SR 200,000
Maximum Tenor 20 Years Villas . 25 Years 20 Years 20 Years 30 Years 25 Years 15 Years 12 Years - 15 - 25 Years
Minimum Down Payment 0% - 5 %- 10 %- 15 % 10% 5% - 10% N/A 5% - 10% 2% - 5% N/A With
10% Salary assignmemt 10% & Witout Assignment 25%
10% - 15%
Type Islamic Islamic Islamic Islamic Islamic Islamic Islamic Islamic Islamic Islamic
Interest Rate 4.75% 3.65% 4.75% To 5% 5.5 % To 6 % 4.25% 15 Y 4.5 % & 25 Y 4.75% 4.5% - 4.9% With
4.75%
Salary assignmemt 4% & Witout Assignment 5.5%
4.25% - 8%
Primary Borrower Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female
Processing Fees SR 1,500 SR 3,000 N/A SR 1,500 SR 2,000 SR 1,500 N/A SR 1,500 N/A SR 1,000
Early Pay - Off Yes Yes Yes Yes Yes Yes Yes Yes Yes
Insurance Yes Yes No Yes Yes Yes No Yes Yes Yes
Appraisal Fees SR 1,000 N/A SR 2,000 N/A N/A SR 1,500 SR 2,000 N/A N/A SR 2.000
Expatriates Eligiblity
Note: 1. In Makkah & Madina only Saudi Nationals are allowed to purchase properties
2. For all other regions it is not very clear but Expatriate Muslims can purchase however, there is no clarity on non-muslims
 KSA Mortgage Market - February 2008
Items SAMBA SAAB Rajhi Riyadh Riyadh ANB Al-Bilad AL Faransi Saudi Investment SHL
Product Name Bayt Al-Khair Manazel Akar Tamleek (Murabaha) Tamleek (Ijara) Manzel Manzel MaskanDorrat AlRiyadh "Land & Apartment" No Name
‫اسم المنتج‬
Government Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
‫قطاع حكومي‬
Semi Government Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
‫نصف حكومي‬
Private Yes Yes Yes Yes Yes NO Yes Yes Yes Yes
‫قطاع خاص‬
Age Private 26-60 Govermment 22- 60 21 - 60 20 - 60 25 - 58 25 - 58 25 - 60 21-58 22-60 20-65 20-70
‫عمر العميل‬
Minimum Salary Private SR 6,000 Govermment SR 5,000 SR 6,000 SR 3,000 SR 5,000 SR 5,000 SR 5,000 SR 5,000 SR 5,000 SR 3,500 SR 3,500
‫أدنى حد للراتب‬
1 Year with same company & 2
Years in Service Private 5 Year Govermment 1 Year 1 Year 6 months 6 months 6 months 1 Year 1 Year 1 Year 1 Year years in same profession
‫سنوات الخدمه‬
Mutual Contracts Accepted All Family ( With Wife ) Any One ( With Wife ) ( With Wife ) ( With Wife ) ( With Wife ) All Family N/A Spouse/Father/Son
‫قابلية العقود المشتركه‬
Region 6 Region All Region All Region All Region All Region All Region All Region All Region All Region All Region
‫المناطق المسموحه‬
Residential : Owner Yes Yes Yes Yes Yes Yes Yes Yes NO Yes
‫عقارات يملكها العميل‬
Residential :Others NO NO Yes NO NO NO NO Yes NO Yes
‫عقارات يملكها الخرون‬
Commercial NO NO Yes NO NO NO NO Yes NO NO
‫عقارات تجاريه‬
Finance for Buying Land Yes NO Yes Yes Yes Yes NO Yes NO Yes
‫تمويل شراء الراضي‬
Maximum Age of Property 20 Years 10 Years 10 Years 10 Years 20 Years 10 Years 20 Years N/A N/A 15 Years
‫العمر الفتراضي للعقار‬
Maximum Debt Burden 40% 40% - 50% 40% - 50 % 40% 50% 40% 50% 40% -50 % 40% - 50 % 42 .5 % 45% 42.5%-50%
‫أقصى حد مقتطع من الراتب‬
Mutual Contract 40% 40% 40% 40% 40% 40% 40% 40% N/A 55%-45%
‫"عقد مشترك " متضامن‬
Maximum Loan Amount SR 1,500,000 SR 2,000,000 N/A SR 2,000,000 SR 2,000,000 2,000,000 SR 2,000,000 SR 1,500,000 45 Salary SR 2,000,000
‫"أعلى حد للتمويل " للقرض‬
Minimum Loan Amount SR 150,000 SR 150,000 SR 20,000 SR 50,000 SR 50,000 200,000 SR 150,000 SR 150,000
They have only Dorrat Alriyadh Project SR 200,000
‫"أدنى حد للتمويل " للقرض‬
Maximum Tenor 20 Years Villas . 25 Years 20 Years 20 Years 30 Years 25 Years 15 Years 12 Years - 15 - 25 Years
‫أعلى حد لعمر العقار‬
Minimum Down Payment 0% - 5 %- 10 %- 15 % 10% 5% - 10% N/A 5% - 10% 2% - 5% N/A With
10% Salary assignmemt 10% & Witout Assignment 25%
10% - 15%
‫أقل حد للدفعة الولى‬
Type Islamic Islamic Islamic Islamic Islamic Islamic Islamic Islamic Islamic Islamic
‫شرعية العقار‬
Interest Rate 4.75% 3.65% 4.75% To 5% 5.5 % To 6 % 4.25% 15 Y 4.5 % & 25 Y 4.75% 4.5% - 4.9% With
4.75%
Salary assignmemt 4% & Witout Assignment 5.5%
4.25% - 8%
‫نسبة الربح السنويه‬
Primary Borrower Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female Male - Female
‫جنس المقترض‬
Processing Fees SR 1,500 SR 3,000 N/A SR 1,500 SR 2,000 SR 1,500 SR
N 1,200
/ A for Land & SR 1,500 for Apartment
N/A SR 1,000
‫رسوم إدخال‬
Early Pay - Off Yes Yes Yes Yes Yes Yes Yes Yes Yes
‫السداد المبكر‬
Insurance Yes Yes No Yes Yes Yes No Yes Yes Yes
‫تأمين العقار في حالة الوفاة‬
Appraisal Fees SR 1,000 N/A SR 2,000 N/A N/A SR 1,500 SR 2,000 N/A N/A SR 2.000
‫رسوم التقييم‬
Expatriates Eligiblity
‫معايير قبول الجانب‬
Note: 1. In Makkah & Madina only Saudi Nationals are allowed to purchase properties
2. For all other regions it is not very clear but Expatriate Muslims can purchase however, there is no clarity on non-muslims