19 Days
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صراحة
Social Insurance partners with Saudi Finance for retiree loans
The General Social Insurance Corporation has signed an agreement with the Saudi Finance Company to provide Sharia-compliant personal financing solutions for retirees from the "Taqdeer" program. The agreement aims to expand benefits for beneficiaries, including additional funding, the ability to purchase debts, loan consolidation, with options for early repayment and exemption of heirs from remaining installments in case of death. To qualify, the retiree must be under 65 years old at the time of the last installment, which is paid from the pension account and should not exceed 25% of the pension. The goal is to meet retirees’ needs while maintaining financial stability.
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