Abdul Latif Jameel Finance (ALJ Finance): car murabaha and leasing in Saudi Arabia
Abdul Latif Jameel Finance (ALFC) is the captive finance arm of the Abdul Latif Jameel Group, one of Saudi Arabia's largest automotive distributors. It offers Sharia-compliant vehicle financing for Toyota, Lexus and other brands sold through ALJ dealerships. ALFC is SAMA-regulated and is one of the largest auto finance companies in the Kingdom, with competitive profit rates and wide dealer network coverage. Giraffy lists three ALJ Finance products: New Vehicles Murabaha (listed from 19.70% APR, up to SAR 300,000 over 12 to 60 months, minimum salary SAR 3,000, no guarantor), New Vehicles Financial Leasing and Used Vehicle with Leasing, where you can buy the car at the end of the lease by paying the residual value or hand it back.
Live offers
- New Vehicles Murabaha
- ALJ Auto Finance KSA
- Used Vehicle with Leasing
- New Vehicles Financial Leasing
| Provider | Abdul Latif Jameel Finance (ALFC) |
|---|---|
| Country | Saudi Arabia |
| Provider type | Captive auto finance — Toyota/Lexus/ALJ dealer linked |
| Products on Giraffy | New Vehicles Murabaha, New Vehicles Financial Leasing, Used Vehicle with Leasing |
| Murabaha rate | From 19.70% APR (listed minimum) |
| Murabaha term and amount | 12 to 60 months, up to SAR 300,000 |
| Minimum salary | SAR 3,000 (murabaha); Saudi and non-Saudi, private or government sector |
| Salary transfer | Not required |
| Used cars | Three-year or 60,000 km warranty |
| Best for | Customers buying Toyota or Lexus in Saudi Arabia through ALJ dealerships |
| Alternatives | Al Jabr Finance, Tayseer, Amlak International, Taajeer |
Best for
- Customers buying Toyota or Lexus vehicles through Abdul Latif Jameel dealerships
- Saudi residents who want Sharia-compliant vehicle financing with manufacturer support
- Lower earners: the murabaha minimum salary is SAR 3,000 and no guarantor or salary transfer is needed
Not ideal for
- Users buying non-ALJ brands — use bank financing or alternative finance companies for other brands
ALJ Finance New Vehicles Murabaha
Murabaha car finance for new vehicles: ALJ buys the car and sells it to you at an agreed profit, and you own it during and after the finance term.
- Listed from 19.70% APR
- Up to SAR 300,000 over 12 to 60 months
- Minimum salary SAR 3,000, Saudi and non-Saudi applicants
- No guarantor and no salary transfer required
Best for: Buyers who want to own the car from day one.
Compare auto finance in Abdul Latif Jameel Finance in Saudi Arabia: 4 live plans compared
ALJ Finance leasing (new and used vehicles)
Ijara-style leasing for new and used cars: you pay monthly, then either pay the residual value to own the car or return it.
- Up to 60 months on both leasing products
- Residual (final) payment option at the end of the lease
- Used vehicles come with a three-year or 60,000 km warranty
- Insurance included; no salary transfer required
Best for: Drivers who want lower monthly payments and the choice to keep or return the car.
Compare auto leasing in Abdul Latif Jameel Finance in Saudi Arabia: 4 live plans compared
Abdul Latif Jameel Finance vs alternatives
Abdul Latif Jameel Finance vs Al Jabr Finance
Al Jabr dealer-linked auto finance. ALFC vs Al Jabr Finance: Both are dealer-linked auto finance companies. Compare rates for your specific vehicle.
Abdul Latif Jameel Finance vs Tayseer
Independent auto finance specialist. ALFC vs Tayseer: ALFC is tied to ALJ dealerships. Tayseer is more brand-independent. Compare total financing cost.
Abdul Latif Jameel Finance in Abdul Latif Jameel Finance in Saudi Arabia: 4 live plans compared — FAQ
Is Abdul Latif Jameel Finance Sharia-compliant?
Yes. ALFC offers Murabaha-based Islamic vehicle financing. It is SAMA-regulated and Sharia-compliant.
Can expatriates get auto finance from ALFC in Saudi Arabia?
Yes. ALFC offers vehicle financing for Saudi residents including expatriates, subject to standard eligibility criteria.
What is the minimum salary for Abdul Latif Jameel car finance?
ALJ Finance's New Vehicles Murabaha asks for a minimum salary of SAR 3,000. It is open to Saudi and non-Saudi applicants working in the private or government sector, needs no guarantor and no salary transfer, and runs from 12 to 60 months.
What is the ALJ Finance profit rate?
Giraffy lists New Vehicles Murabaha from 19.70% APR, for up to SAR 300,000. ALJ Finance does not publish a rate for its leasing products; the rate you get depends on the car, the term and your eligibility, so compare the total amount payable against bank auto finance on Giraffy.
What is the difference between ALJ Finance murabaha and leasing?
With murabaha you own the car during and after the finance term. With leasing you pay monthly and, at the end, either pay the residual value to buy the car or return it to the company. Leasing on used vehicles includes a three-year or 60,000 km warranty.
Abdul Latif Jameel Auto Finance: Reliable Vehicle Financing Made Easy
Whether you're purchasing a brand-new, used, or electric vehicle, Abdul Latif Jameel Auto Finance offers a seamless and ethical path to ownership.
- New & Used Vehicles: Finance cars of your choice—including electric and certified pre-owned models.
- Flexible Repayment: Competitive profit rates and adaptable installment terms.
- Fast & Hassle-Free: Quick approvals and simple documentation through partner dealerships.
Why Choose Abdul Latif Jameel Auto Finance?
- Vehicle Variety: Choose from a wide network of partner dealerships and vehicle types.
- Sharia-Compliant Leasing: No interest or hidden fees—just clear, ethical financing.
- No Salary Transfer Required: Accessible for more customers across employment sectors.
- Reputation for Trust: Backed by one of the most recognized names in vehicle distribution.
Abdul Latif Jameel Auto Leasing: Flexible, Shariah-Compliant Driving Solutions
Abdul Latif Jameel Finance offers Sharia-compliant auto leasing solutions designed to make driving your ideal vehicle flexible, accessible, and worry-free.
- Flexible Vehicle Leasing: Tailored plans for a wide range of new and certified used vehicles.
- Customizable Payment Options: Choose a lease term and repayment plan that fits your financial situation.
- Sharia-Compliant Structure: Leasing contracts based on Islamic finance principles with no interest.
- Wide Vehicle Selection: Access to leading brands like Toyota, Lexus, and more without restrictive conditions.
Why Choose Abdul Latif Jameel Auto Leasing?
- Designed for Individuals: Ideal for Saudi nationals and residents looking for flexible vehicle leasing solutions.
- Transparent Terms: No hidden fees or interest—leasing structured around clear, ethical principles.
- Affordable Monthly Payments: Competitive rates with manageable installments tailored to your needs.
- Trusted Provider: Backed by Abdul Latif Jameel’s longstanding reputation in automotive and financial services.