KFH Istisna' Home Financing-i

Istisna' means a purchase contract of an asset whereby a buyer will place an order to purchase the asset which will be delivered in the future. In other words, the buyer will require a seller or a contractor to deliver or construct the asset that will be completed in the future according to the specifications given in the sale and purchase contract.

Both parties of the contract will decide on the sale and purchase prices as they wish and the settlement can be delayed or arranged based on the schedule of the work completed.

KFH Istisna' Home Financing-i is a contract of sale based on an order from the buyer.


Features

• Up to 20 years or age 65 whichever is earlier
• Fixed 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 only


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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