FAQs

Yes, there is Sharia-compliant Takaful insurance that covers both the customer and the property, with exemptions in case of death or total disability, God forbid, and the transfer of the property directly to the heirs, according to the insurance coverage criteria.
*Subject to terms and conditions.
 

The company assesses the property's value with the assistance of valuation companies that have been endorsed by the company.
 

Yes.
 

Yes

(Villa - Apartment - Building – Land - Hotels - Residential Complex - Commercial Complex).
 

Two years.
 

The financing term for individuals is up to 30 years for ready units and 20 years for land.
 

In this case, you must immediately repay the principal amounts due according to the early repayment terms, and the company will transfer property ownership to you or to another party as per your request.
 

Yes, you can do so according to early repayment terms.* 
You can contact us to learn more about those terms.
 

• The property must be 100% completed in construction.
• It must be located within the urban area.
• The property must be free from any legal encumbrances or legal claims (e.g., mortgage, inheritance, etc.).
  
   

The financing term plus the property's age should not exceed 40 years.
 

Yes, it is approved by the Sharia Authority.
 

ALJ United Finance commenced Shariah compliant lease program since 1994. Our services and products are constantly scrutinized and vetted by Shariah Board. For more information, you may check the Shariah Board Approval of our Lease to own product using the following link Shariah Board.
 

A contract under which the Company retains the leased asset (ownership of the car) until the end of the contract and the payment of all staggered lease payments. The Guest has the right to use the car in exchange for agreed monthly lease payments to the Company. The Guest is entitled to own the car after paying of all payments and all the terms of the contract which includes the Residual Value, or the Guest can return the car to the Company at the end of the lease term if he does not wish to own it.
 

Yes , Terms and Conditions apply.
 

Your financial lease agreement allows you to pre-pay and purchase your vehicle. If you wish to exercise this option, please contact the any branch for additional assistance. This transaction needs to be facilitated through the branch. A voluntary early purchase option fee, together with title, and license registration fees shall apply.
 

Yes, you can refinance the last payment for 24 to 36 months, if the total original period of the contract and refinancing do not exceed 72 months in accordance with the terms and conditions.
 

Yes, you can. However, you will have to pay the rest of the car value in addition to the three monthly payments to fund the cost of early closing of the contract after deduction of previous payments.
 

1-Minimum income requirement starts from SAR 3000.

2-Salary Certificate

3-Valid driving License 
 

The monthly payment must meet the 30% of the guest salary. In case the monthly payment is more than 30% of the salary, we will calculate the difference as a down payment, as well as in some occasions ALJUF will request for a down payment when the terms are not complied with instead of rejecting the application
 

Yes, it is fixed during the entire contract period.
 

The residual value or final payment is the amount for which you may purchase the vehicle at the end of the lease, if you decide so.
 

It is structured under the shariah principle of Murabaha where ALJUF buys the car from the seller first and post-acquisition sells the car to the customer over the agreed period (cost plus profit). You own the car during and after the financing term.
 

Your application will take up to 24 hours  to be processed

You can sign your contract and promissory notes electronically 

 ALJUF’s internal credit policy will determine whether or not you can obtain financing.
 

No, it does not.
 

Yes, our financing services are available to Saudis and residents
 

Maximum amount is 300 thousand. 
 

Period starts from 12 month up to 60 month.
 

Download ALJUF application on iOS or Android and complete the online registration. Based on your eligibility, you will be able to request a finance
 

Yes, it is fixed during the entire contract period.
 

The residual value or final payment is the amount for which you may purchase the vehicle at the end of the lease, if you decide so.
 

Yes

A contract under which the Company retains the leased asset (ownership of the car) until the end of the contract and the payment of all staggered lease payments. The Guest has the right to use the car in exchange for agreed monthly lease payments to the Company. The Guest is entitled to own the car after paying of all payments and all the terms of the contract which includes the Residual Value.
 

Abdul Latif Jameel United Finance offers the possibility to finance all types of used cars with a warranty for three years or 60,000 kilometers, to meet the needs and desires of its customers who meet the financing conditions. The warranty covers several mechanical and electrical parts such as the engine, gearbox, rear differential, and air conditioning system. To learn more about the warranty, please visit the following link: [Warranty Information Link]."
 

Yes, our financing services are available to Saudis and residents
 

No guarantor required in case the amount is less than 100 thousand 
 

Maximum amount is 200 thousand. 
 

Period starts from 12 month up to 60 month.
 

No, it is not required.

The guarantor can be a government or private sector employee or a retiree, with obligations not exceeding 50% of their salary, and their age should not exceed 65 years.
 

Having a project and providing a guarantor based on specific conditions.

No. 
 

You can access your financing contracts through the Abdul Latif Jameel Financing application or website.
 

The minimum amount is 20,000, and the maximum amount is 100,000.

The current financing rate is 10%.

ALJ United Finance commenced Shariah compliant lease program since 1994. Our services and products are constantly scrutinized and vetted by Shariah Board. For more information, you may check the Shariah Board Approval of our Lease to own product using the following link Shariah Board

The delegation should be renewed every three months.

Yes for GCC and Egypt but excludes Qatar and Yemen.

Yes for GCC and Egypt but excludes Qatar and Yemen.

The guest is obliged to notify the Company whenever a situation occurred that prevent the use of the vehicle completely or in part. You can contact the nearest branch or through the ALJUF CRM 8002442211

The guest is obliged to notify the Company whenever a situation occurred that prevent the use of the vehicle completely or in part. You can contact the nearest branch or through the ALJUF CRM 8002442211

No. You must comply with specific terms & conditions that are set by the Company.

Finance plans depend upon the season and differ with the make and model of the vehicle. You're welcome to see your nearest branch for specific details.

No. Unless the workshop has exceeded the estimated time communicated to you to repair the vehicle or as a result of the manufacturer's warranty repair. Under these specific limited conditions the company reserves the right to monetarily compensate you.

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