Bank ALJazira
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Overview

Bank Al Jazira meets your needs and provides you with the opportunity to pay your university fees through installments at the cash price without any additional profit margins, via a financing solution compatible with the provisions of Islamic Sharia, and in cooperation with selected universities.

Benefits

  • Provide a facility to parents of college students to pay university fees
  • Flexibility in repayment from one to five years, in accordance to the years of study.
  • No additional profit margins on the amount of annual tuition fees 
  • Free insurance coverage for the remainder of the funding in case of death or total disability-God forbid. That should grantee the completion of the students, studies for the financed period.  
  • The maximum amount of funding is linked to the total annual tuition fee which is determined from the College Department of Registration upon the request
  • Financing without salary transfer for professionals
  • The Program serves both Saudis, and Residents   

Terms & Conditions

  • Apply to the registration department at the university and request to join the program, for they shall provide an acceptance letter for the program.
  • Apply for educational funding at any branch
  • Once personal finance request has been approved, full student fees is transferred to the College / University’s account, with an installment plan scheduled during the agreed repayments period.
  • Bank Al-Jazirah financing policies and consumer financing regulations of SAMA do apply. 
  • A good credit history in SIMAH is required.

Participating Universities / College

Jeddah International College in Jeddah

www.jic-edu.sa

Al-Bayan Colleges in Al-Madinah

www.bnc.edu.sa

University of Business and Technology in Jeddah

www.ubt.edu.sa

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Dar Al-Hekma University in Jeddah

www.dah.edu.sa

Batterjee Medical College in Jeddah

www.bmc.edu.sa 

Al-Yamamah University in Riyadh

www.yu.edu.sa 

Riyadh Colleges of Dentistry & Pharmacy in Riyadh. 

www.eng.riyadh.edu.sa

Al-Ghad International Colleges for Applied Medical Sciences ( Riyadh , Qassim ,Dammam , Jeddah , Al-Madinah , Tabuk , Najran , Abaha)

www.alghad-colleges.com

 

Documents Required

  • A no objection letter from the university registration deanship. 
  • Certificate for employment, and salary transfer letter along with a 3 months account statement
  • 2 Year of audited financial statements for businessman, along with 12 months account statement 
  • A copy of a valid ID card 
 

For Inquiry

Call us on +966 9 2000 6666, and our customer service representatives would be happy to help and answer all of your questions regarding the program.

AlJazira Phone
+966 9 2000 6666

 
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