Personal Finance Key Facts
Product description:
Personal Finance designed to meet all our customers need to get the instant launch of their dreams and secure their future, as we are here to support them in all this by providing the below mentioned various solutions of Personal Finance that will suit all their life needs noting that these solutions has been approved by the Bank Sharia supervision committee,:
- New Personal Finance*:
This product, provides liquidity to help the customer who is planning to get married, travel, or furnish your home or pay rent costs, or get any of his personal necessities
- Additional Personal Finance/Top-up*:
This product provides additional liquidity in order to settle customer existing liability with the bank and further procure additional funds to help him meets other financial commitments.
- Personal Finance for Liability Takeover*:
This product provides additional liquidity to settle customer existing liability with other bank in the country
- Goods Murabaha
This product is available for customer who wants to avail a finance in order to purchase specific goods from a local supplier
- Shares Murabaha
This product is available for customer who needs liquidity through buying shares under Murabahah and may liquidate the same after possessing.
- Service Ijarah
This product is available for customer who wants to finance specific service from a local service provider (Umrah, Education, Medical treatment, Travel and House/Flat rent)
* The transaction will be executed using Bonds/ Commodity Murabaha
Terms & Conditions:
e. If the salary is one of the securities required for the finance, customer needs to transfer the salary to the bank as soon as the required finance transaction is completed, and in the event of termination of the customer’s services by customer’s employerand transfer of End of Service benefits (EOSB) to the account, or in case of resignation or changing employer, the bank is entitled to block the EOSB and any other amounts available in the account in order to pay any overdue amount (s) of the finance and to settle any installments on its due date, or transfer the EOSB/amounts to pay the installments that have not been settled according to their due dates
Fees and charges details:
Name: …………………………………………………....……………....…………………....……………..... Signature: ……………………………………………………………....……………....……………....…..... Date: ………………………………………………….....……………....……………....…………….... |