RIYADH — Alinma Bank is participating at the Riyadh Real Estate Exhibition which opened on April 22 at the Riyadh International Convention and Exhibition Center under the patronage of Majid bin Abdullah Al-Huqail, the Minister of Housing. Other organizations expected to attend include Saudi and GCC banks, real estate development and sales companies, and investment and finance houses. The event is until tomorrow (April 25).

Alinma Bank has developed special home financing offers for exhibition attendees, including discounted profit margin rates on all classes of real estate (villas, apartments, commercial property, land), convenient installment repayment plans, financing amounts of up to SR 7 million, and special repayment waivers related to the death or permanent disability of the borrower. The bank is also pleased to introduce its subsidized home financing and home self-construction financing programs, in cooperation with the Real Estate Development Fund (REDF).

Alinma Bank's Vice President of Retail Banking Ibrahim AlSayari said: "Alinma Bank is always looking for quality opportunities to share its vision of Shariah-compliant banking with ever greater audiences; and we are pleased to be associated with the Riyadh Real Estate Exhibition and the Real Estate Development Fund, both of which are important in addressing housing needs in the kingdom. Alinma is particularly pleased to show, as our current campaign slogan says, that “we care.” And it is through the quality of our service, the innovation of our products, and the trust and transparency that exits between the bank and its partners (customers), that we demonstrate our level of care for the needs and aspirations of partners, especially as they are related to home ownership.”

In addition to home financing, Alinma Bank provides a broad range of other financing products and programs such as Personal Financing (via Murabaha stock financing), Education Financing (with no profit margin or administrative fees), auto financing, and both subsidized home financing and home self-construction financing in cooperation with REDF.

Alinma Bank provides comprehensive 24/7 e-banking options for its partners that bring convenience, safety, and security to their financial lives. These include services such as Alinma Internet (www.alinma.com), Alinma Phone (8001208000), Alinma Mobile (WAP), and the bank’s application for smart devices. The bank also serves its partners through a network of 153 branches and more than 1400 ATMs. — SG