Masakin Program

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Overview

Dar Al Tamleek was appointed to administer the Public Pension Agency’s Masakin program. The Masakin product is sponsored by the Public Pension Agency to provide all employees and their families with the ability to purchase the home of their dreams through a sponsored home finance program.


This opportunity includes military personnel and civilians working in government sectors who occupy jobs which are approved by the government’s public budget or the budget of public institutions and organizations.


This is an exclusive program now offered to all employees and pensioners from both the Public Pension Agency and General Organization for Social Insurance. It has a number of unique benefits to offer such as:

 

-Fixed Payment

-Without salary transfer

-Three - Six months grace period

-Deed in the client name

-Financing up to 30 years

-Financing up to age 70 years

-Shariah compliant

-Exemption in case of death and total disability, God forbid

Program Summary

Shariah principals
Full compliance with Shariah principals Read more..
Fixed rate
Fixed profit rate (Murabaha)
Payment grace period
Three - Six months grace period before payments begin
Payment transfer
No salary transfer
In case of death
Contract paid in full in case of death or total disability (god forbid) of the applicant or co-applicant
Eligible for program All employees and pensioners from both the Public Pension Agency and General Organization for Social Insurance, and some semi government retirees 
Ownership
Joint ownership with spouse, as long as both are employed in the government sector
Finance sector
Government and Private sectors 
Property financed
Finance all common types of real estate, Apartments, Villas, Duplexes, lands and Multi-family investment Property
Eligible for program
Saudi Only
Source of income
Full credit for sources of income

 

Awards

Dar Al Tamleek has received many Awards Learn more

Employees Testimonial

My passion is making a difference and standing out in any place I belong to. I joined Dar Al Tamleek because I believe it will provide me with a dynamic challenging working environment. I am eagerly anticipating being a productive Dar Al Tamleek member
Jaydaa Baeshen
Jaydaa Baeshen
I joined Dar Al Tamleek because it enables me to make an impact on individuals, and society. It encourages a culture truly dependant on teamwork. Every achievement you make in this company is a collective effort of the team.
Ruaa Banaja
Ruaa Banaja

Customers Testimonial

The wonderful Masakin program from Dar Al-Tamleek made things easy for me. As a prior government employee in military sector, I’ve got the proper funding with the most reasonable period of time to pay it back.
Abdullah Abu Taleb
Abdullah Abu Taleb
My family and I now live in our dream home; I’ve got the proper funding from Dar Al-Tamleek through Ijarah program. I have more than twenty years to pay it back. The program provided me with all the necessary advisory funding plan I’m looking for.
Basim Munshi
Basim Munshi
Yes, I’ve owned of my dreams home... it happened very fast and through Masakin program from Dar Al-Al-Tamleek, which provided me with all the necessary advices. Their advisers were beside me form the first moment I’ve submit my application until the moment I’ve received the key to my home
Qasim al-Mahdi
Qasim al-Mahdi

5 Career Benefits at Dar Al Tamleek

  • Competitive salaries & remunerations
  • Advanced training & job security
  • Social insurance
  • Health insurance
  • Incentives & Bonus

Press Contacts

Rfal Maghrabi

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