Owning your dream car is easy with the Palestine Islamic Bank auto-financing program. Whether it is a new or used car, the Murabaha and Musawamah Islamic financing solutions allows you to purchase your ideal car. This program is in compliance with Islamic Sharia laws & regulations and accredited by the Sharia Supervisory Board of the Bank.

  • Islamic Sharia Compliant and approved by the banks’ Sharia Supervisory Board.
  • Easy and affordable installment plan of up to 72 months.
  • Finance plan up to 70,000 USD or its equivalent.
  • Guarantees are not required and the car can be mortgaged to the bank instead and insured by Takaful Insurance Company
  • Can be purchased by companies, agents and suppliers accredited by the bank.
  • The customer's salary must be transferred to the bank from an approved employer with whom they have three years service.
  • The customer must mortgage the car to the bank, insure the car with comprehensive insurance through Takaful, and transfer the insurance to the bank.
  • The customer must sign bills of exchange which cover the value of the installments of one year of the financing.
  • If the financing applicant does not have a transferred salary or his account is outside the bank, he is required to provide a salary transferred guarantor and other evidence according to their field of work.
  • Merchants and professionals who have an account can benefit from the program by requesting a salary transfer guarantor.

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