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Al Rajhi Bank - Ijara Financing (Salary above 1000 JD)

Reducing Rate
7%
Max. Financed Period
25Yrs
Min. Monthly Income
1,000JD
Down Payment
20%
Guarantor Required
No
Salary Transfer
No
Quick Info
  • 7.25% Murabaha rate for salaries less than 1000 JD
  • 250 JD Min salary for public sector
  • 350 JD Min salary for private sector
Main Features
  • Sharia compliant product.
  • Financing Up to JD 500,000 Villa - 250,000 Apartments
  • Leasing tenor up to 25 years
  • 80% Financing percentage
  • Family joint income is considered
  • The product is on share principle between the bank and the client for buying the house and then the bank rent his share to the client
Source

https://www.alrajhibank.com.jo/ar/personal/personal-finance/pages/home-finance-ijara.aspx
https://www.alrajhibank.com.jo/ar/documents/products-rate2017.pdf
Required Documents
  • Valid ID
  • 6 months bank statement that shows your monthly income
  • Salary Slip for the last month
  • Property registration papers
  • Regulatory site map
  • Land Maps
  • Get a quotation addressed to Al Rajhi Bank from the owner of the property
  • Get an appraisal value of the property