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.
For what purposes can Murabahah be financed?
- Acquisition of business equipment;
- Acquisition of goods for business;
- Acquisition of office or retail space for business;
- Purchasing a car for business.
Who can receive financing under the Murabaha agreement?
Individual entrepreneurs and legal entities operating on the territory of the Kyrgyz Republic in areas that do not contradict Sharia standards.
Financing for business development
Conditions
- Amount: up to 150 000 KGS - without collateral and guarantee;
- Amount: up to 250 000 KGS - under surety;
- Amount: above 250 000 KGS - a collateral is required;
- Term - up to 36 months;
- No commission.
Required documents:
- Passport;
- Documents confirming income and activity;
- Title documents for the pledge.
Markup per year:
- KGS - from 12.31%
- USD - from 7.74%
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: up to 5 000 000 KGS;
- 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%
Mortgage finance
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%