Bank AlJazira participates in Sakani and REDF with Ijarah Muntahiya Bittamleek products. Underwriters want six months of clean salary credits and 60-day down-payment seasoning.
Convert your AlJazira statementBank AlJazira participates in Sakani (Saudi Real Estate Refinance Company) and REDF home-financing programs with Ijarah Muntahiya Bittamleek (lease-to-own) products. The standard requirement is six months of statements showing WPS salary credits, a debt-burden ratio within SAMA's ceiling, and a 60-day seasoning window on the down-payment balance.
AlJazira's bilingual but compact statement format is well-suited to CSV conversion. Manual six-month review across multiple PDFs is the time sink. Kashfbank merges all six months into a single chronological CSV with the closing-balance trend, salary credits, and down-payment activity all visible in one view.
The AlJazira statement runs: Date (DD/MM/YYYY), Arabic-primary Description, Reference, Debit, Credit, Running Balance. Mortgage underwriters focus on "راتب" for monthly salary credits, "قسط مرابحة" or "إجارة" for existing finance obligations, and the closing balance row at month-end.
The Ijarah Muntahiya Bittamleek monthly payment itself appears in the statement once the mortgage is active — but during application, underwriters care about your existing finance load, not the prospective mortgage. The CSV closing-balance column supports the down-payment seasoning analysis required in the mortgage submission package.
Underwriters do not need every row — they need the rows that prove the four pillars: income, debt burden, down-payment seasoning, and balance stability.
Bank AlJazira statements are bilingual PDFs in SAR. Columns are: Date (DD/MM/YYYY), Transaction Description (Arabic-primary), Reference, Debit, Credit, Running Balance. Islamic product names — Murabaha, Ijarah, Musawama — appear in Arabic in the description column. The header includes account IBAN, holder name, and statement period.
| Label | Meaning |
|---|---|
| قسط مرابحة | Murabaha financing installment |
| POS-MADA- | Mada debit purchase at point of sale |
| حوالة سريعة | Sarie instant domestic transfer |
| راتب | WPS salary credit |
| أرباح استثمارية | Investment profit distribution from AlJazira Capital |
Sakani (Saudi Real Estate Refinance Company) mortgages require 3 months of SAMA-bank statements showing WPS salary credits; foreign income requires SWIFT-verified equivalents.
Export six months from Bank AlJazira App
Download bilingual PDFs covering the last six completed months. Include any other AlJazira accounts where the down payment is held.
Upload to Kashfbank
Drop the PDFs in. Kashfbank merges them into a single chronological CSV with the closing-balance trend visible at a glance.
Verify down-payment seasoning
Filter the CSV to credits over SAR 50,000. Confirm the down-payment balance was in the account at Day-1 of the 60-day window. Flag any unexplained large credit for a source letter.
Submit to AlJazira with the original PDFs
Hand the original AlJazira PDFs to the underwriter. Use the CSV to walk your accountant through the file before submission, so any issue is fixed before it reaches AlJazira.
Common challenges
What is Ijarah Muntahiya Bittamleek and how does it appear on the AlJazira statement?
Ijarah Muntahiya Bittamleek is lease-to-own — you lease the property and ownership transfers at the end of the term. Monthly payments combine asset-acquisition (principal) and finance-cost (profit) components. On the statement, the installment appears once the mortgage is funded; during application, underwriters look at other existing finance obligations, not the prospective mortgage itself.
How does Kashfbank handle a large family gift used for the down payment?
The CSV pinpoints the gift's exact deposit date and amount. Pair it with a gift letter from the donor confirming the funds are non-repayable. The combined documentation satisfies the underwriter's source-of-funds requirement.
Can AlJazira underwriters accept REDF subsidy as part of my qualifying income?
REDF subsidy is a separate qualifying income input, distinct from salary. The CSV shows the REDF subsidy line if it has already credited; if not, supplement with the REDF eligibility letter. AlJazira underwriters review both.
What if my down payment is split between Bank AlJazira and another bank?
Upload PDFs from each bank separately. Kashfbank converts each to its own CSV. Merge them in Excel for a unified asset picture, then walk the underwriter through both — AlJazira for salary and installments, the other bank for the down-payment source funds.
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Regulator: Saudi Central Bank (SAMA)
Fiscal year: Hijri fiscal year (government); Gregorian Jan–Dec (most private sector)
Full country guide →Statement language: Arabic / English