Tawarruq financing
A cash amount deposited into your bank account, yours to use as you choose, repaid in fixed monthly installments.
- No salary transfer required
- Paid straight into your account
- Fixed installments, known upfront
Financing up to 30,000 SAR with no salary transfer
Cash financing through tawarruq paid into your account, and tuition financing paid straight to your educational institution. Both on fixed monthly installments you know before you start.
Coming soon on iOS and Android
Two products, two different jobs
Pick the one that matches what you need.
Study Now, Pay Later
We pay your tuition directly to the university or institute, and you repay us in monthly installments.
- Tuition paid straight to the institution
- Universities, institutes, training centres
- Installments start after you enrol
How it works
01
Register your interest
Leave your mobile number and tell us which product you want. We ask for no financial information at this stage.
02
We contact you at launch
You get an invitation to download the app and complete your application ahead of everyone else.
03
Receive your financing
Once your application is complete and assessed, the amount goes to your account or to your educational institution.
Calculate your installment
Move the amount and choose a term to see the monthly installment and the total cost.
1,00030,000
Monthly installment
1,562.50
SAR / month
- Total cost of financing
- 3,750 SAR
- Total amount repaid
- 18,750 SAR
- Annual flat profit rate
- 25.0%
- Annual percentage rate (APR)
- 53.1%
APR measures the cost against your declining balance, which is why it is higher than the flat profit rate. They are two different figures and should not be compared with one another.
This calculator is illustrative only and shows how installments would be calculated. It is not an offer or an invitation to contract, and no financing is being provided at this time.
Who can apply
The basic criteria we expect at launch:
Saudi national or resident in the Kingdom
Aged 18 or over
Regular monthly income
A bank account in your name in the Kingdom
These criteria are indicative and may change at launch. Registering your interest is not an approval for any financing.
Coming soon
Register your interest
Leave your mobile number and we will contact you the moment we launch. We will not ask you for any financial information now.
Questions people ask
- What is tawarruq?
- Tawarruq is a Sharia-compliant financing structure. We buy a commodity and sell it to you on deferred payment, which you repay in installments. The commodity is then sold on your behalf and the proceeds are deposited into your account in cash. The result is cash in your account and a known monthly installment obligation.
- Is a salary transfer required?
- No. Our tawarruq financing does not require you to transfer your salary to a particular bank.
- What is the maximum financing amount?
- Up to 30,000 SAR.
- What is the difference between the flat profit rate and the APR?
- The flat profit rate is calculated on the full original amount for the whole term. The APR is calculated on the balance that actually remains outstanding, and because you repay in installments that balance falls every month — which is why the APR is higher. We show both figures separately so you can compare clearly.