from 10.02% per annum (Promotion until 30.06.2025)
up to 60 months
Information
Information:
Murabaha agreement is a transaction for the sale by installments of goods purchased by the Bank at the request of the client, or owned by the Bank at the time of the client's request. When selling, the Bank openly shows the purchase price of the goods and the amount of the markup. Murabaha differs from other financial loans in that it does not require interest, since Shariah prohibits usury and prohibits borrowing money at interest.
Who can receive financing under the Murabaha agreement?
Individuals and individual entrepreneurs operating on the territory of the Kyrgyz Republic in areas that do not contradict Shariah standards
For what purposes can Murabahah be financed?
- Purchase of cell phones, gadgets, etc.;
- Purchase of furniture;
- Acquisition of household appliances and goods for the home;
- Purchase of vehicles;
- Acquisition of building materials for the repair of a house / apartment$
- Acquisition of real estate;
- Purchase of any other goods not prohibited by Shariah and the legislation of the Kyrgyz Republic.
Murabaha - goods in installments
Conditions
- Amount - up to 250 000 KGS;
- Term - up to 24 months;
- A voucher is not required;
- No commission;
- No guarantee required.
Required documents:
passport
Mark-up in KGS from 4.53% depending on the term
Murabaha without collateral
Conditions
- Amount: up to 500 000 KGS;
- Term - up to 36 months;
- What can be purchased - any goods;
- Without leaving;
- No commission.
Required documents:
- Passport;
- Income verification.
Markup per year from 11,74% (The promotion is valid until December 31, 2024)
Murabaha under surety
Conditions
- Amount: up to 1 000 000 KGS (The promotion is valid until 30.06.2025);
- Term - up to 36 months.
Required documents:
- Passport;
- Income verification.
Markup per year from 11,16% (The promotion is valid until December 31, 2024)
Murabaha secured by real estate
Conditions
- Amount: from 1 000 000 KGS and more (the promotion is valid until 12/31/2024);
- Term - up to 60 months;
- No commission;
- Security: real estate, movable property, deposit, guarantee.
- Collateral: real estate, movable property, deposit, surety.
Required documents:
- Passport;
- Documents confirming income and activity;
- Title documents for the pledge.
Markup per year from 10,02% (The promotion is valid until December 31, 2024)