Financing retail banking products through Islamic Murabaha
Consumable service products:
• Financing durable goods and home furniture.
• Finishing housing units and villas (by financing construction materials and finishing requirements)
• Educational expenses of schools and universities
Terms and conditions:
• The maximum limit of the installment does not exceed 35% of the monthly income.
• The advance payment is 10%
• The fulfillment of the required guarantees
The required documents:
• A copy of valid national ID card of the applicant and the guarantor.
• Recent facilities receipt identical with the customer’s address listed in the national ID card
• Statement of the salary items
• The pledge of the employer to transfer the installment or the salary