from 10.59% per year
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.
Mortgage finance
Мы рады объявить о запуске АКЦИИ -ипотечное финансирование по Мурабаха в честь Священного месяца Рамазан
Conditions
- Amount: from 250 000 KGS;
- Security: if there is a down payment of 30% or more, the purchased real estate and/or other real estate, vehicles, deposit, guarantee;
- Term - up to 120 months;
- No commission.
Required documents:
- Passport;
- Documents confirming income and activity;
- Title documents of the acquired real estate and collateral.
Markup per year from 11.16%
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 150 000 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 16.98%
Murabaha under surety
Conditions
- Amount: up to 250 000 KGS;
- Term - up to 36 months.
Required documents:
- Passport;
- Income verification.
Markup per year from 15.22%
Murabaha secured by real estate
Conditions
- Amount: from 250 000 KGS and more;
- Term - up to 60 months;
- No commission;
- Collateral: real estate, movable property, deposit, surety.
Required documents:
- Passport;
- Documents confirming income and activity;
- Title documents for the pledge.
Markup per year from 12.31%
Auto financing
Requirements for the purchased vehicle:
- Vehicle of foreign production - the period of operation is not more than 20 years from the date of issue;
- Vehicle manufactured in the CIS countries / China - no more than 5 years from the date of issue
Conditions
- Amount: from 250 000 KGS and more;
- Security: real estate, movable property, deposit, guarantee;
- Term - up to 60 months;
- No commission.
Required documents:
- Passport;
- Documents confirming income and activity;
- Title documents of the purchased vehicle and collateral.
Markup per year from 10.59%