KFH Ijarah Muntahia Bi Al-Tamlik Asset Acquisition Financing-i

Ijarah Muntahiah Bi Tamlik has similar rules to the ordinary Ijarah except that in the latter, it is associated with a promise by the lessor to transfer ownership at the end of the Ijarah period via a separate sale agreement or gift.

KFH Ijarah Muntahia Bi Al-Tamlik Asset Acquisition Financing-i is a leasing contract (for completed property) ending with ownership by way of gift / sale.


Features

• Up to 35 years or age 70, whichever is earlier for residential property and up to 15 years or age 60, whichever is earlier for commercial property
• Floating profit rate
• Enjoy financing of MRTT at a reasonable profit rate provided based on the Murabaha Tawarruq concept

MRTT = Mortgage Reducing Term Takaful


Eligibility

• Available for Individual & Joint Applications
• Non individuals: sole proprietorship, partnership, limited company
• Completed property


Documents Required

Salaried Individual

• Identity Card
• Latest Payslip
• Personal Bank Statement where salary is credited
• EPF Statement
• EA Form
• Other Documents on case to case basis

Self Employed

• Certificate of Business Registration
• B or BE Form
• Personal Bank Statement
• Business Bank Statement
• Other documents on case to case basis

Persons with Variable Income

• Commission payment / statement
• Annual commission payment / Statement
• Personal Bank Statement
• BE Form
• Other documents on case to case basis


NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

For further information, please call Kuwait Finance House Customer Service Center Tel: 1300 888 534 (+603-2168 0464 from overseas), or visit the nearest Kuwait Finance House branch today.

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