KFH Murabahah Home Financing-i

Murabahah means cost plus profit sale and it is a trust sale. It refers to the sale and purchase transaction for the financing of an asset whereby the cost and profit margin (mark-up) are made known and agreed by all parties involved.

The settlement for the purchase can be either on a cash basis, a deferred lump sum basis or on an instalment basis, which will be specified in the agreement.

KFH Murabahah Home Financing-i is a mutually agreed amount of profit is added to the original cost of the property which makes up the total cost of the transaction.


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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