Equity Release

SHL is providing a commercial finance which enables you to obtain sufficient cash by pledging your property to SHL in order to improve your investments through multiple financing solutions that are compliant with Sharia regulations.

 

This product is designed to cater the need of individuals who have rental income from owned income generating property/s, and/or income from established business (Salary can be accepted as an additional source of income).

Product Features
Certified by the Shariah Board

Certified by SHL Shariah Board

Certified by the Shariah Board

Competitive Margin

Certified by the Shariah Board

Up to 10 years

Certified by the Shariah Board

A financing amount of up to SAR 15M

Certified by the Shariah Board

Exemption in the event of death or total disability as per insurance's policy

Certified by the Shariah Board

Flexible monthly/quarterly/semi-annual/annual payments

Certified by the Shariah Board

Considering income from multiple sources (commercial - real estate - salary as additional income)

Eligibility Criteria
Certified by the Shariah Board

Monthly Income

Multiple income sources

Certified by the Shariah Board

Financing Amount

Up to 60% of the property's value

Certified by the Shariah Board

Age

From 30 to 75 years old

Certified by the Shariah Board

Competency Program

For Saudis

Certified by the Shariah Board

Minimum Financing Period

Two Years

Certified by the Shariah Board

Maximum Financing Period

10 years

Certified by the Shariah Board

Qualified Property

Designed to mortgage all common types of commercial or residential properties, supermarkets and apartment complexes

Certified by the Shariah Board

Property Conditions

The property must be within the urban scope and approved plans