Home Self-Construction

We understand how important it is for you to build your own home. We also understand that home financing should be Shariah–compliant, simple, convenient and transparent. That is precisely what Bayt Al-Khair from Samba offers.

    • Approved by the Shariah Supervisory Board.
    • Finance up to SR 3 million.
    • Finance up to 90% of the property value (Self - Construction) for the first house.
    • Repayment up to 15 years.
    • No guarantor required.
    • An option of joint ownership with a first-degree relative to get a higher finance amount.
    • You can repay earlier than the tenure you have availed.
      • Fixed profit rate. Your profit rate will never change during the entire tenure of the finance and therefore your monthly installment will never change.
      • In case of death or permanent total Medical disability, God forbid, all outstanding amounts will be considered paid subject to terms and conditions of insurance policy.
      • Free Takaful property insurance.

  • You should be a Saudi national who is at least 21 years of age.
  • You should be working for a Samba-approved government or semi-government for at least one month.
  • You should be working for a Samba-approved private sector for at least 3 month.
  • Your monthly salary should be at least SR 3,000.

Conditions - Owned land

  • It should not be mortgaged to any party.
  • It should be in a residential area and equipped with electricity and water facilities.
  • It should not exceed 1,500 square meters in area.

To avail of a Bayt Al Khair finance from Samba:

Required documents

  • Completed Application form.
  • A clear photocopy of a valid ID.
  • Certificate of employment stating job title, joining date, monthly income and allowances, if any.
  • Salary transfer letter from the employer.

Required property documents for initial approval

  • Authenticated copy of the estate title.
  • A clear location map of the property.
  • Segmentation report, if the land deed contains more than one property.

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