House-Store Ownership Financing
Financing to individual customers or business entities to buy house-stores/house-offices.
What are the requirements?
- Valid business legality (Deed of establishment/amendment along with their validation, Trading License, Company Registration Number, Certificate of Domicile, Taxpayer ID Number)
- Minimum business experience: 3 years
- 6 months’ account statements
- For self-employed, valid individual legality (ID Card, Taxpayer ID No., Marriage Certificate, Family Certificate)
- Proof of valid collateral ownership
- Individual professionals
- Mark up/cost plus scheme (murabahah)
- Term: up to 10 years.
- Fixed Price until maturity at competitive price
- Maximum Financing to Value (FTV): 80% for new objects and 75% for used objects.
- Loss insurance for house-stores/house-offices.