Eligibility requirements for Alinma Bank Islamic financing:
☑️ Be a registered business or eligible legal entity in Saudi Arabia
☑️ Open a current account with Alinma Bank
☑️ Submit verifiable financial documentation
☑️ Maintain a minimum revenue threshold (defined per sector)
☑️ Undergo credit review and approval from the bank
Required documents to complete the application:
📄 Completed Alinma Murabahaa application form
📄 Valid national ID or commercial registration
📄 Revenue proof and recent financial statements
📄 Bank account records with Alinma
📄 Any extra documents requested by the credit department
Approval depends on the criteria above. The bank may ask for additional documents at its discretion.
How to apply for Alinma Bank Islamic financing
To apply for Alinma Bank Islamic financing, you can submit a request through the Alinma mobile app, visit any corporate branch, or use the official website. On the app, select the “Financing” section, enter your business details, choose the appropriate structure (such as Murabahaa), and upload the required documents. Once the application is complete, the bank evaluates your eligibility and contacts you with a decision. If rejected, you may update your profile and reapply later. The process is designed to be efficient, especially for pre-qualified businesses.
This financing is fully compliant with Shariah principles, meaning it operates without interest and is based on asset-backed structures and transparent profit margins. It’s supervised by a certified Shariah Board and follows strict Islamic legal standards.
How to pay Alinma Bank Islamic financing installments
Installments can be paid monthly through digital banking, direct debit from your Alinma account, or via over-the-counter services. The payment schedule is fixed and linked to your contract.
You can also make early settlements without penalties, which provides added financial flexibility. It’s best to align your payment cycle with your revenue streams to avoid delays.
Taxes and costs
Administrative fees are set at 1% of the financed amount, with a maximum cap of SAR 5,000. These fees are subject to VAT. The profit margin is determined at the start of the agreement and remains fixed, ensuring full cost visibility.
No interest applies due to the Shariah-compliant model. Late payments may incur penalties, as stated in the contract. In events of total disability or death, the financing may be forgiven based on policy terms.
Smart money tip
To optimize your experience with Alinma Bank Islamic financing, integrate your financing plan into your operational cash flow model. Use seasonal revenue peaks to make early repayments—since there’s no penalty, this helps reduce the total profit share over time.
Also, maintain a transparent document trail; accurate and consistent records can fast-track approvals and enhance your business profile for future funding cycles.
Apply for Alinma Bank Islamic financing now
Click the button below to start your application through the official Alinma Bank platform and access a Shariah-compliant financing path today. Alinma Bank Islamic financing is a strong option for companies seeking ethical and transparent funding.