AlArabi Local Shares Finance is a Shariah compliant personal finance product whereby anb sells local shares owned by anb to the customer who can either keep them or sell to obtain cash. The customer then settles the purchase value of the shares in installments during a specified period.

Features
• Maximum finance amount
• Special profit rate
• Application processing in 48 hours
• Tenor period up to 60 months
• Refinance after settling 15% of the original finance amount
• Relief of heirs from remaining due monthly installments of the tenor in case of death; God forbid

Eligibility for Finance
• Employees working in the public and private sectors approved by the bank
• All Pensioners
• To be 18 years of age or above.

To apply for the finance
Please provide the following:
• A letter of introduction from employer specifying salary details, current position and the service period
• “SARIE” salary assignment letter from the employer
• Copy of a valid Saudi ID / Iqama

For more information please visit the nearest arab national bank branch or call anb Phone Banking at 800 124 4141

- Bank’s terms and conditions apply on finance.