What is the Masakin program?

The Masakin Program is sponsored by the Public Pension Agency as an exclusive benefit to all employees and retirees from the Public Pension Agency and General Organization for Social Insurance. It was specifically designed to encourage more home ownership among all the employees and retirees.

How do I qualify?

Saudi nationals must be at least 20 years of age but no more than 75 at the time of application. They must have good credit, earn a minimum of SR 4,000 per month and work in a government sector position for at least one year. The program is not available to expatriates.

Can my spouse participate?

Yes, As long as they are employed in the government or private sector.

What is the structure of the product?

Masakin is a program that features a very unique, fixed profit rate for financing homes up to 25 years. The product also features from 3 -6 “grace period” where no payments will be made and has the lowest profit rate in the Kingdom.

Is the grace period optional?

Yes, the grace period is optional for Masakin customers.

What are the profit rates?

Profit rates will vary based on the number of years of financing.

What if I pay off early?

The profit rate for the graced period and the remaining contract balance will have to be paid in full.

In which cities is the program available?

The program is available throughout the Kingdom at any Public Pension Agency office or through Dar Al Tamleek branches in Riyadh, Jeddah, Dammam, Makkah, Madinah, Taif, Tabuk, Abha, Burayda, Al Majma, Al Ahsaa, and Jazan.

How much can I finance on the program?

A minimum of SR150,000 and maximum of SR5 million is allowed.

How is the finance amount of the property determined?

An independent appraisal company will determine the value of the property.

What’s the difference between Ijarah and Murabaha?

Ijarah is a lease contract with a profit rate that can change. Murabaha is a purchase contract with a fixed profit rate that won’t change over the life of the contract.

What kind of property is eligible for finance?

Completed villas, duplexes, townhomes and apartments qualify for the program. However the property cannot be more than 20 years of age when financed. Property eligibility requirements are subject to change.

Can I buy an apartment building?

Yes, apartment buildings are eligible. However the total size cannot exceed 6 apartments and the buyer must live in one of the apartments.

Can I buy a second home?

Yes, second homes qualify for the program.

How do I apply?

Please refer to the "Get Financed" section for a complete list of qualifications and instructions or simply call us at 92 00 11433.


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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

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