Tuesday, Feb 28, 2017 /   
 
 
 
Murabaha Land Finance

Murabaha Land Finance

Murabaha is a finance that lets you own the land of your dreams, where IIAB buys the land against a promise from you to buy later according to the principle of Islamic Murabaha. The selling price will be a known profit added to the original purchase price, and the total amount will be paid by you on installment for a period agreed upon with the Bank

Benefits

  • Finance up to 8 years
  • Competitive profit rate
  • Finance up to 80%
  • Registration of the land title to the name of the customer
  • Some cases the bank will mortgage the land

Eligibility Criteria

  • Public sector employees and Companies accredited by the Bank, self-employed

Required documents for salaried employees

  • Bank statement for the last 6months indicating salary transfer
  • Salary certificate
  • Social security certificate

Required documents for the self-employed

  • Commercial Register
  • Profession license.
  • Bank statement.
Net-worth statement (To be completed with the assistance of bank’s officers)

For more informationn
Visit any of our branches throughout Jordan, or contact Arabi Islami Contact Center at  5003300 or toll-free 08002224, or email us on info@iiabank.com.jo