Istisna’a’
A new program designed to meet a customer’s needs to finance raw materials and manufacturing costs, and can be used to finance construction, contracting, finishing, etc., with financing of up to $ 70,000 with a payment period of 10 years.
- Personal sponsorship for the client's spouse. A first-degree relative's guarantee is obtained if the customer is single.
- The customer's salary must be transferred to the bank from an approved employer, with whom they have at least 3 years service
- The property should be mortgaged in favor of the bank for the length of the financing period and its appraisal by the bank approved appraisers.
- The client must own the land or property to be financed
- The client must obtain the necessary building licenses from the competent authorities.
Rate
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