Sakani and REDF require six months. Al Rajhi underwriters apply a 60-day seasoning rule on the down payment. Export your statement and verify both before applying.
Convert your Al Rajhi statementThe Sakani program and the Real Estate Development Fund (REDF) require at least six months of bank statements for mortgage eligibility. Al Rajhi's own mortgage desk applies a 60-day seasoning rule on the down payment: the funds must sit in your account, undisturbed, for at least two months before the application date. A converted spreadsheet lets you trace the down-payment balance day by day.
Al Rajhi mortgages are Sharia-compliant — typically Murabaha (cost-plus sale) or Ijara (lease-to-own). The underwriting math is the same as conventional underwriting: salary continuity, debt-burden ratio under the SAMA cap, and verified down-payment source.
Across six months, underwriters trace the running balance to confirm the down payment is your own savings, not borrowed funds. If a large credit appears within 60 days of the application — for example, a transfer from a relative or a sudden inbound wire — it triggers a source-of-funds question. Gift letters can resolve this, but only if the deposit is documented and dated.
Salary continuity matters as much for mortgages as for personal financing. Six consecutive "راتب" credits, consistent in amount and timing, prove sustainable income. Variable income (commissions, freelance, business owner) may push the underwriter to request a 24-month history instead of six.
Pull the data Al Rajhi's mortgage desk will ask about — before they ask. Closing balances, the down-payment trace, and every large credit need a clear story.
Al Rajhi statements are bilingual (Arabic/English) single-PDF documents. Columns follow the order: Date (DD/MM/YYYY), Description in Arabic, Transaction reference, Debit, Credit, Running Balance in SAR. Transaction labels are primarily in Arabic and may include Sharia product nomenclature such as Murabaha installments.
| Label | Meaning |
|---|---|
| قسط مرابحة | Murabaha installment debit |
| POS-MADA- | Point-of-sale purchase via Mada debit network |
| حوالة سريعة | Sarie instant domestic transfer (IPS) |
| حوالة واردة من الخارج | Inbound international wire transfer (SWIFT) |
| راتب | Salary credit via WPS/GOSI |
Sakani (Saudi Real Estate Refinance Company) mortgages require 3 months of SAMA-bank statements showing WPS salary credits; foreign income requires SWIFT-verified equivalents.
Download six months from Al Rajhi Mobile
Open Al Rajhi Mobile, pull six months of statements as separate PDFs, and download them as bank-issued originals. Sakani and REDF will not accept screenshots.
Upload all six and verify merge
Drop all PDFs into Kashfbank. Confirm they merge in chronological order with continuous running balance. A gap in balance signals a missing page — re-download the affected month before submitting.
Trace down-payment seasoning
Find the largest credit that represents your down-payment funds. Confirm the balance held that level — or higher — for at least 60 days before today. If the funds arrived recently, prepare source documentation (gift letter, asset sale agreement, savings withdrawal).
Compute average closing balance
Use the Balance column to average across the six months. Underwriters look for at least 3x the proposed monthly mortgage installment as a buffer. If your average is short, increase the down payment or extend the tenor.
Submit originals plus your summary
Hand the original Al Rajhi PDFs to the Sakani-approved lender. Use your converted spreadsheet to answer underwriter questions quickly — the date of the down-payment deposit, the source of a specific large credit, the running average balance.
Common challenges
How does Kashfbank prove down-payment seasoning for Al Rajhi mortgage review?
The CSV merges six months of Al Rajhi statements into one chronological view of the running balance. Underwriters look at whether the down-payment amount sat in your account for at least 60 days before application. The Balance column lets you point to the exact day-by-day proof.
My down payment came as a gift transfer to my Al Rajhi account two months ago. Is that a problem?
Exactly 60 days is the minimum seasoning. If the gift transfer is older than that, the funds are considered seasoned. You will still need a gift letter from the sender stating the funds are non-repayable. The transfer row in your converted statement gives you the exact date for the letter.
Can I use Al Rajhi for both my savings account and my Sakani mortgage?
Yes. Many Saudi homebuyers keep both at Al Rajhi for simpler approval — the bank already sees your salary, balance history, and existing Murabaha commitments. The statement export still helps you review the file before formal submission.
My income varies because I run a small business. How many months should I export?
Twelve months for variable income. Al Rajhi mortgage underwriters average revenue across the longer period when commissions or business income dominate. Kashfbank merges up to 12 monthly PDFs into one continuous spreadsheet.
Detailed guide
Step-by-step guide to converting Al Rajhi Bank statements
Freelancers
Extract, categorize, and export freelance income and expenses from PDF bank statements — ready for 1099, self-assessment, or ZATCA filings.
Tax Preparation
Convert PDF bank statements to clean spreadsheets for Zakat, VAT, corporate tax, and self-assessment filings across GCC and international markets.
Loan Applications
Prepare clean, lender-ready bank statement exports that prove stable income and responsible financial behavior for personal and business loan applications.
Regulator: Saudi Central Bank (SAMA)
Fiscal year: Hijri fiscal year (government); Gregorian Jan–Dec (most private sector)
Full country guide →Statement language: Arabic / English