Al Islami Home Finance - Ijarah (Standard Lease) - For Completed Property
This is a lease contract wherein the Bank (lessor) leases the property to the customer (lessee) in return for a rental payment for a specified financing period.
The Bank promises to transfer the title of the property to the customer at the end of the financing period, if all payments have been made.
This product is offered to customers acquiring ready property. The customer has the option of choosing from a variety of down payment, tenure and profit rate options. It is ideal for customers looking for an easy installment scheme.
With Ijarah, we offer you installments at variable and competitive profit rates, at the end of which you can own your home.
Features:
- Finance available up to 90% of property value
- Finance value up to AED 10 million
- Flexible tenure up to 25 years
- Salary transfer not required
- Islamic Insurance available
- Competitive profit rates