- 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.
- How is tuition paid?
- We transfer the fees directly to the university, institute, or training centre. The money does not pass through your account. You repay us in monthly installments.
- Does registering my interest mean my financing is approved?
- No. Registering means only that we will contact you at launch. It creates no obligation on you or on us, and it is not a financing application.
- What data are you collecting right now?
- Your mobile number, your email if you choose to give it, and the product you want. We do not ask for your national ID, your income, your date of birth, or any credit information at this stage.
- When are you launching?
- We have not set a final date. People on the interest list hear first.
