FAQ
General
A fully integrated digital experience with no paperwork, instant approval, and full compliance with Sharia principles and all applicable laws and regulations.
Microfinance.
Debt crowdfunding.
Microfinance
Microfinance provides financing from SAR 1,000 up to SAR 30,000. It is designed to help customers meet their legitimate consumer and personal needs.
Government and semi-government employees: The minimum monthly salary is SAR 4,000 for Saudi nationals and SAR 6,000 for residents. Applicants must be between 18 and 60 years old.
Private-sector employees: The minimum monthly salary is SAR 5,000 for Saudi nationals and SAR 6,000 for residents, with at least three months of service. Applicants must be between 21 and 60 years old.
Retirees: The minimum monthly income is SAR 1,983, and applicants must not be over 70 years old.
Our customer journey is fully digital, so no documents need to be uploaded. Once the applicant enters their details through the company’s digital application and the information is verified through the relevant entities, the application is assessed and a credit decision is issued.
You can apply through the company’s approved platforms or official website.
Funds are deposited within 24 hours after all requirements and procedures have been completed.
Yes.
Call our toll-free number at 8001110124 or email us at info@alshghaf.sa.
Yes.
An administrative fee of 0.5% of the financing amount is deducted when the funds are deposited.
By bank transfer from the customer’s account.
Yes.
Yes.
Call the company’s toll-free number at 8001110124.
Visit our website: https://alshghaf.com.sa/
Email our Complaints Department at Complaints@alshghaf.sa.
Yes.
No. An agreement with your employer is not required to obtain financing.
Debt Crowdfunding
Debt crowdfunding is a financing model that enables investors to finance customers seeking funding through a licensed digital platform. The platform manages the financing process and connects investors with beneficiaries.
Yes. In return for managing the investment opportunity, the Raqami Debt Crowdfunding Platform charges 20% of the opportunity’s net profit, excluding value-added tax (VAT).
The minimum investment amount on the Raqami Debt Crowdfunding Platform is SAR 1,000.
A participant’s contribution must not exceed 25% of the financing amount sought. In addition, each participant’s total outstanding investments must not exceed SAR 250,000. These limits do not apply to eligible participants.
An individual or legal entity that meets one or more of the following criteria:
Has net assets valued at SAR 3 million or more.
Is currently employed, or has previously been employed, in the financial sector for at least three years in a professional role related to financing or investment.
Holds a specialised professional qualification in financing or investment that is accredited by a locally or internationally recognised body.
Has earned annual income or annual profits of at least SAR 600,000 in each of the previous two years.
Financial statements.
Commercial registration certificate.
VAT registration certificate.
Licences, if applicable.
Bank statement.
