Reducing the risk of nonpayment
The danger of failure or unwillingness of one or more partners to fulfill their obligations on a local or international level is a risk that no company should take. Let us ensure that your company is protected from financial losses with a Letter of Guarantee.
- Reducing the risk of nonpayment
- Globally accepted
- Guaranteed payment
Enjoy the benefits of our Letter of Guarantee
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Your Trusted Partner
As one of the world's largest and most recognized Islamic banks, our reputation precedes us. Enhance your creditworthiness with our Letter of Guarantee.
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Guaranteed Benefits
Securing bids and tenders in highly competitive markets can be a challenge. Allow your business to expand by utilizing our Letter of Guarantee.
Ready to apply for your Letter of Guarantee?
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Am I eligible?
Here are the things that we’ll need from you…
Eligibility & Criteria
- At least 15 years of age
- Must have a valid ID
Required Documents
- Saudi Passport or National ID Card
Ready to apply? Please visit our branch…
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Apply Online
FOR ENQUIRIES CALL:
+965-2495-4333
Fees & Charges
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Click to view list of our fees and charges
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| Annual Membership | KD 80 |
| Lowest Profit Rate | No Fees |
| Late Payment | No Fees |
| Cash Withdrawal | KD 4 |
| International Use (POS) | 3% |
| International Cash Withdrawal | KD 4 + 3% |
| Card Re-Issuance Fee | KD 20 |
| Electronic Statment | No Fees |
| Monthly Minimum Payment Revolving | 8.33% |
| Monthly Minimum Payment Revolving | Full |
Frequently Asked Questions:
Letter of Guarantee
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How long does it take to process Letter of Guarantee?We can process your Letter of Guarantee within 24 hours upon receiving a complete application, subject to the availability of your credit facility.
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Can I issue a special text other than the bank-approved texts?Yes, we can issue Letters of Guarantees in special text but it is subject to Shariah, legal and risk approvals.
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How do I cancel Shipping Guarantee?Please return the original Shipping Guarantee to Al Rajhi Bank for cancellation.
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