Yes, all products are approved by the bank’s Shariah Committee.

• Shariah-compliant
• Instant approval
• Flexible repayment plans
• Possibility of joint finance between first-degree relatives
• Multiple solutions that cater to different types of properties
• Available for government, private, and banking sectors, as well as pensioners

• 45 years at the time of the last installment for villas, duplexes and buildings
• 25 years at the time of the last installment for apartments

• Villa
• Apartment
• Duplex
• Building
• Land
• Rest house

Yes, 3 joint applicants as a maximum.

No, it is not possible.

It depends on the financing formula. In cases of Murabaha Home Finance, the property is registered under the customer’s name while the title deed is pledged at the Bank. However, in cases of Ijara Home Finance, the property is registered under the name of the bank until the finance is fully settled.

Yes, in accordance with early settlement terms and conditions.

It depends on the financing formula. In cases of Murabaha Home Finance, the rate will be fixed throughout the financing period. However, in cases of Ijara Home Finance, the rate will be variable.

Yes, but the bank’s approval is required.

Yes, but the bank’s approval is required.

Yes, though Ihlal option or by selling the property to a third party.

Yes, as long as the DBR does not exceed the maximum limit.

Yes, it is possible.

No, the Home Finance Program can only be paid in monthly installments.

Yes, only for bank employees.

No, it is not possible.

The customer would be exempted from paying the remaining installments in the case of permanent total disability or natural death, subject to insurance coverage. The customer gets compensated in cases of fires and natural disasters, subject to terms and conditions.

A maximum amount of S..R 5,000,000.

A minimum amount of S..R 200,000.

The same documents required for the Home Finance product, in addition to:

• Family Identity Card + deed of support (if any)
• Salary Certificate with employment commencement date
• Statement of account for customers not transferring their salaries
• Deposit of valuation fees

No, the customer can get a higher financing amount. The Ministry/Fund would provide a financial subsidization to cover the profit margin up to S..R 500,000. The subsidization coverage might reach 100% subject to the terms and conditions of the Ministry/Fund.

No, the customer can select the property that matches his/her finances. The granted amount is determined based on the Ministry/Fund valuation and the bank’s credit policy.

No, currently this is not available. The subsidization amounts are dedicated to new financing requests only.

The minimum salary is S..R 5,000 for approved sectors and S..R 8,000 for non-approved sectors and banks.

The customer can benefit from the granted approval through Home Equity program.

Yes, the customer can benefit from the granted approval through the Incomplete Property Finance product to complete the construction of the property.

Yes, the customer will receive the required amount, as per the approval of the Ministry/Fund.

The minimum salary is S..R 5,000 for approved sectors and S..R 8,000 for non-approved sectors and banks.

It is a financial support that covers the profit margin which varies with monthly income and number of family members as per the approval from the Ministry/Fund.

Yes, subject to the insurance coverage conditions.