Ijara is one of Palestine Islamic Bank’s investment programs offered to customers, through which the bank facilitates real estate ownership via convenient monthly installments in accordance with the monthly income of the customer.

This includes residential apartments, retail space, etc with ownership transferring to the customer upon settlement of the last installment.

  • Licensed by the Sharia Supervisory Board.
  • The bank purchases the property and then leases it to the bank’s customers on a 25 year plan towards ownership.
  • Financing of up to 200,000 USD or its equivalent in other currencies
  • Advance payment of 15 % of the property value.
  • Property to be ready for moving in/living and registered with the land registry authorities and relevant government departments.
  • The beneficiary’s salary is to be transferred to Palestine Islamic Bank.