Al Safa Islamic Banking – Commercialbank holds its eighth Sharia’a Supervisory Board (SSB) Meeting
Ijara Financing Flexible & Sharia’a Compliant
At Al Safa we understand your developing needs for a wide range of financial services, which satisfy your daily and future requirements & expectations and at the same time match your beliefs. Knowing how important a home is in fulfilling these ambitions, Al Safa has introduced Ijara Financing. Under this scheme, the Bank will purchase the property that you wish to own from the seller, and then lease it back to you at affordable lease rental payments, over a long term.
The advantage is that this arrangement allows you to take immediate possession of your home and spread your capital expenditure over a period of time.
Through Ijara financing, you can finance land purchases, properties/villas/apartments that are constructed and ready for possession or even properties that are to be constructed.
More for Less
Affordable & flexible repayments
Relaxed eligibility
Competitive profit rates
Long repayment period of up to 240 months (20 years)
Extra value and convenient
Financing of constructed properties or properties under construction
Quick approval & turnaround time
Next Step Simply make up your mind and visit us any of our conveniently located Al Safa branches, or telephone our Customer Service Helpline on (+974) 4495555 for more information.