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About Us

About Us
Mission & Vision
Board of Directors and Committees
Sharia’a Committee
About ADIB
About Alkhorayef Group
Investor Relations
News

About Us

About Us

Saudi Finance Company was one of the first companies to have recognized the need for Islamic consumer finance in the Kingdom. Equipped with this knowledge and insight, Saudi Finance Company established itself in 1990, as one of the leading pioneers in consumer finance, with a capital of SR 10 million under the full ownership of Abdullah Ibrahim Alkhorayef and sons.

The sole purpose behind creating the company was to supply the market place with Islamic financial solutions and structures that would satisfy the increasing demand and cater to the evolving consumer needs.

The first branch was operational in Riyadh in 1991, followed by the Qassim branch in 2001, and finally the Khobar branch in 2002, with plans to expand in other markets in the very near future.

Since its inception, Saudi Finance Company specialized only in the retail sector of the auto and real estate financing.

On September 2011, Abu Dhabi Islamic Bank (ADIB) has acquired 51% of the company after an increase in the capital to SR 100 million.

Today Saudi Finance Company provides a variety of Islamic finance solutions and products for the retail consumer, High Net Worth (HNW) customers and small and medium enterprises (SME).

Mission & Vision

Mission And Vision

Our Mission

To strengthen our position as a leading financing solution provider for Consumer Finance and SME Finance.

Our Vision

To be the customer’s 1st choice among finance companies.

Board of Directors and Committees

Board of Directors

Chairman Mr. Saad Alkhorayef
Board Member Mr. Abdullah Alshehhi
Board Member Mr. Ferid  Lini
Board Member Mr. Fahad Alkhorayef
Board Member Mr. Dhafer Luqman
Board Member Mr. Saif Alalkeem
Board Member Mr. Haytham Elmaayergi

Management Committees

Executive committee

Mr. Ferid Lini Chairman
Mr. Hassan Khalifa Board Member
Mr. Philip King Board Member
Mr. Dhafer Luqman Board Member

Audit committee

Mr. Khamis Alshamsi Chairman
Mr. Sulaimman Abdulqder Board Member
Mr. Walid Elshikha Board Member

Risk and Credit committee

Mr. Vivek Bali Chairman
Mr. Ferid Lini Board Member
Mr. Philip King Board Member
Mr. Ammar Alzubaidi Board Member

Chief Executive Officer

Mr. Emad Mohammed Alshuraie               

Sharia’a Committee

  • Associate Professor and Former Director of the Center for Research in Islamic Economics at King Abdul Aziz University
  • Expert at the Islamic Fiqh Academy, Jeddah
  • Editor of the Review of Islamic Economic and Shariah
  • Advisor to HSBC - Islamic Finance
  • Advisor to several Islamic institutions and author of various books on Islamic banking
  • He holds a PhD degree with Extinction Degree in Jurisprudence from Al - Imam Muhammad bin Saud Islamic University. The thesis is entitled: "The investment services in banks and their provisions in Islamic jurisprudence."
  • He worked as a Sharia researcher at the Board of Grievances.
  • He was a member of the teaching staff, Department of Islamic Studies at the Institute of Islamic and Arabic Sciences in the USA for four years.
  • He works as associate professor at the Department of Comparative Jurisprudence at the Higher Institute of Justice in Riyadh.
  • He is a member of several Sharia bodies in financial and economic institutions.
  • He holds a PhD degree in Jurisprudence from the Faculty of Sharia, Al - Imam Muhammad bin Saud Islamic University. The thesis is entitled: " Complex financial contracts: a Theoretical and Practical Study."
  • He works as associate professor at the Department of Jurisprudence, Faculty of Sharia – Al-Imam Muhammad bin Saud Islamic University in Riyadh
  • He works as a consultant and a member of a number of financial and economic institutions.

About ADIB

About ADIB

Abu Dhabi Islamic Bank is one of the largest retail banks in the UAE. 750,000 customers benefit from a network of 88 branches and over 700 ATMs, as well as on the Internet, mobile and banking phone, and provide access to their accounts 24 hours a day.

Named “Best Bank in the UAE” by the Financial Times. Banker has announced that Abu Dhabi Islamic Bank has a rich track record of innovation, including the introduction of an award-winning savings account, joint-branded cards with Etihad Airways and Etisalat to form a wide range of financing products.

The bank has consistently raised its asset base over the past five years and continues to build its presence internationally in countries such as Egypt, which has 70 branches, as well as Saudi Arabia, the United  Kingdom, Sudan, Iraq and Qatar.

To read more click here

About Alkhorayef Group

About Alkhorayef Group

 Alkhorayef Group was founded in 1957 by the late Abdullah Ibrahim Alkhorayef, who was quite ambitious and daring.

By virtue of his dedication, the group made its name in Saudi Arabia’s agriculture sector. He soon represented reputable international producers of water pumps, agricultural, irrigation and well drilling equipment in the Kingdom.

In a short span of time, Alkhorayef Group has achieved excellence on agricultural market by representing and marketing the top of the line brands, combined with a variety of excellent services to its customers.
The Company diversified its activities and continued its progress in various fields such as machinery systems, oil, contracting as well as printing and paper.

As it became necessary to pay particular and specialized attention to each field, the founding Company branched into several subsidiaries, each being independent in terms of management and resources, but all are unified under the established corporate code of ethics of the Alkhorayef Group.

Today the Group which enjoys a worldwide presence ,operates in more than 40 countries representing renowned quality products and manufacturers.
if it is need any amendments

To read more click here

Investor Relations

Investor Relations

  • Financial Results
  • Board of Directors Report 2016
  • Board of Directors Report 2017
  • Board of Directors Report 2018
  • Board of Directors Report 2019

News

Our Products

Personal Finance

  • Shariah compliant
  • Finance up to half million riyals
  • Without guarantor up to 100 thousand riyals
  • The possibility of early payoff
More

Business Finance

  • Shariah compliant
  • Finance up to 5 million riyals
  • Without guarantor up to 250 thousand riyals
  • Acceptance of mortgage guarantees and commercial mortgages
  • The possibility of early payoff
More

Customer Service

Apply for Finance
Electronic Services
Complaints and suggestions
Customer Protection Principles
Financial Awareness
FAQ

Electronic Services

Electronic Services

For the Personal Finance E-Services please login

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Please note that E-services are just for the Personal Finance
For business Finance services please contact us on  8001240220

Complaints and suggestions

Complaints and suggestions

Existing customer
Existing customer





Not a customer
Not a customer: a public complaint





FAQ

FAQ

Where is the company located? Do they have branches?
The company headquartered in Riyadh's Olaya district, and has 17 branches Kingdom wide.

What are the working hours?
the working hours from 8:00 am to 4:30 pm.

What are the company products?
The company offers Tawarruq and Murabaha finance, auto leasing and small and medium enterprises

Are you SIMAH member?
Yes

What are the approved employers you have?
All government, semi-government sectors are approved, in addition the big companies

The available commodity for tawrooq are ?
Steel, vehicles

How can i submitted a complaint?
Through e-channels:
- website.
Customer Care toll-free Number : 8001240220
Email: Complaints@sihksa.com.sa
Branches and outlets.
Is the Finance programs approved by Shariah compliant?
Yes, all programs are approved by Shariah compliant.

What is the minimum and maximum finance amount?
Finance amount starting from SR 10,000 and up to SR 500,000 for the indvidual customers and from SR 250,000 up to SR 5,000,000 for the business clients.
Is it a required to transfer the salary to the Saudi Finance Company?
No

What is the minimum age?
The minimum age is 21 years.

Is the profit rate fixed?
Yes

Can I choose the repayment period?
Yes, you can choose from one to Five years.

What is the number of years of service required to apply for financing?
Number of years of service required 3 months for the government sector and semi-government, 6 months for the banking sector and 12 months for the private sector and xxpatriates.

What are the documents required to apply for financing?
Updated salary certificate .

Original National ID / Iqama for Non Saudi

What are the means of applying for funding?
Through the website

Do you have a management fees?
Yes, there is management fee for indviduals 1% of the finance amount maximum SAR 5,000 plus 5% VAT. For the business sector 1% of the amount of finance plus 5% VAT.

Is the payment history through finance companies / banks affect the application decision?

Yes
Is there a discount on early payment?
Yes, if you wish to payoff early, pay off the full balance of the finance amount plus the end cost for the three months following the repayment, calculated on the basis of the declining balance.

How can I pay monthly installments?
By submitting a form (Standing order / direct debit)

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