Faisal Islamic Bank FIBE – Murabaha Durable Goods Loan

Features

• The minimum age should not be less than 21 years old
• Banking services compliant with Islamic law
• An easy and quick approval process
• A guarantor is required
• 5% down payment is required
• Ability to finance 100% of the good amount

Documents Required

• Valid National ID
• Recent residence utility bill (maximum 3 months)
• Commitment letter to transfer the salary from the employer
• Loan application form

Fees & Charges

• 2.5% administrative fee for personal banking
• 5% for early full payment