Under this product, individuals have the option to lease a car and have an option to own the car ("promise to own") at the end of the lease contract.

Key Features:

Lease approval within hours

Option to lease the car for up to 5 calendar years

Shariah Compliant

Comprehensive Insurance covering accidents, thefts and natural disasters

Flexible due dates

Ability to fill preliminary application form online

Requirements:

Minimum age 21

Minimum salary SR 3500

Minimum length of service 3 months

Valid driving license

Required Documents:

Completed lease application form

Copy of Valid ID (Iqama) or National ID

Copy of Valid driving license

Letter of employment (no objection certificate) along with salary certificate

Copy of last bill (Electricity, Water or Telephone)