Vehicle Murabaha

The bank finances vehicles purchase through the Islamic Murabaha system

Types of financed activities:

• Vehicles of all types ( private – lorry – microbus – taxicab)

Terms and conditions:

• The advance payment starts from 15 % of the vehicle price
• The payment takes place by monthly installments
• The fulfillment of the required guarantees

Documents required from the customer:

• The customer’s application
• A copy of the customer and the guarantor national ID ( valid)
• Facilities receipt identical with the customer address included in the national ID

Cars equipped for people with special needs (employees –depositors)

 • The advance payment starts from 10 % of the car price
• The decision of the medical commission
• The monthly income is not less than EGP 3000 ( For the employee)
• The rest of the documents to be fulfilled if the finance is approved

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