SHL Ijara Product

The SHL Ijara product is designed for the convenient financing of your home. With our Ijara product, SHL purchases a property and leases it to you for a specific contract period at an agreed upon rent with the promise to transfer the title of the property to you at the end of the contract term.

 

You may enjoy the following key features of SHL Ijara product:
  • Financing available for villas, apartments and land parcels
  • Up to 90% financing
  • Financing terms for up to 25 years
  • Primary residence, second home or investment properties are eligible
  • Takaful Credit life included
  • Approved by SHL Shari’ah Supervisory Board
  • No salary assignment required
  • Customers are not restricted to employment with selected employers
  • Self employed are eligible for financing
  • Saudi nationals and expatriates are eligible for financing
  • Home Financing approvals within 48 hours*


    * Additional time may be required for self employed applicants