Bayt Al-Khair

Bayt Al-Khair is a simple, convenient and transparent solution to meet your home finance needs. Be the proud owner of a ready villa, a ready apartment, a residential apartment building, home under construction, a plot of land or a self-constructed home, the choice is yours!

Bayt Al-Khair from Samba offers* home finance solutions with a fixed profit rate and little or no down payment. Your monthly installment will not change during the duration of your home finance.

How does Bayt Al-Khair work

Saudi National Bank will first purchase and own the property that you choose. This will then be sold to you through Murabaha, after entering into a finance agreement with Samba. Under this agreement, you will pay the price (cost of the property plus a profit) to Samba in regular monthly installments. The title of the property will be held through a legal trustee (Al-Adl) and will be transferred to you as soon as all your monthly installments are paid.


  • Approved by the Shariah Supervisory Board.
  • Finance up to SR 5 million.
  • Choice of multiple mortgage options that match your needs. Murabaha finance for purchase of a ready villa, ready apartment, residential apartment building, home under construction, a plot of land or to self-construct a home.
  • Repayment period up to 30 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.


  • Enjoy the security of a fixed profit rate throughout the entire tenure. With Bayt Al-Khair, your monthly installment will never fluctuate.
  • Free Takaful property insurance**
  • 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.
Program Description Maximum finance amount
Ready/under-construction villa Buy a ready or under construction villa of your choice, complete building it and repay over a period of up to 30 years. SR 5 Million
Ready/under-construction apartment Buy a ready or under construction apartment of your choice and repay over a period of up to 25 years. SR 3 Million
Residential apartment building Buy an apartment building. SR 5 Million
Purchase of land Buy a plot of land. SR 1.5 Million
Self-constructed home Construct a villa on a plot of land that you already own. SR 1.5 Million

To apply for or learn more about Bayt Al-Khair from Samba:

* Terms & Conditions Apply.
* Applicable Flat Rate starts from 3% and Applicable Annual Mark-up Rate starts from 5.64%