Alinma Bank provides the best Real Estate Financing Solutions

Alinma Bank participates in Riyadh City Scape exhibition 2010 which will be held from 12-14 December 2010 in Four Seasons Hotel and the 7th Real Estate and Housing Exhibition (STATICS) which will be held from 12-15 December 2010 in Al dhahran's International Exhibitions Center with the participation of major real-estate financing companies, engineering companies and other financing authorities. The Bank’s participation comes within the framework of its concern and care to participate in such activities as they represent important events for those interested in the real-estate sector and for others searching about the newest means for owning suitable real estate. It is expected that the Bank’s stalls will witness a great interest from the visitors like other previous participations which were met with appreciation given the diversity of the Bank’s products and services and the attractive offers provided to the partners.
Mr. Fahad Ben Mohammed Al Sammari, the General Manager of Retail Banking Group, said on this occasion that the participation of the Bank in such exhibition comes on the basis of its persistent quest to communicate with its existing and potential partners in different cities of the Kingdom through the provision of various financing solutions that are compatible with Sharia’h provisions and controls. He pointed out that the presence of Alinma Bank in these exhibitions confirms its pioneer role in supporting the economic movement through facilitating real estate ownership for residents of different Saudi cities.
The bank offers real estate financing with several options that enable partners to own suitable real estate with competitive and attractive profit margin and this will be available to visitors only. The profit margin will be calculated on the financing amount in the event of early ownership. The Bank leases the real estate (villa, apartment, building, rest house) through a leasing contract in which the required data related to the real estate description, type, leasing period, leasing value, and liabilities of each party towards the leased asset are transparently and clearly defined. The partner owns the leased asset at the end of the leasing period after paying its value in full. The maximum financing amount is SAR 7 million and the repayment period extends to 30 years without administrative fees or guarantor. Real estate financing is available for both