Islamic International Arab Bank PLC House Loan - Apartments Ijarah 

Minimum Salary needed Not mentioned
Maximum amount available JOD 250,000
Length of Loan 25 Year
Profit Rate Not mentioned
Upfront Fees ( if any ) Not mentioned
Eligibility Public sector employees and Companies accredited by the Bank, self-employed; Finance up to 80% of the estimated value of the property, and can be increased under certain conditions
Main Features Customer share will be growing with each installment paid to become a full share in the property at the expiration of the contract; No commissions on early settlement with the possibility of partial or total payment at every contract renewal annually; Free life Takaful insurance and free insurance on the property

Islamic International Arab Bank PLC Amman

The Islamic International Arab Bank is one of the few banking giants feted among Jordan’s prime and accomplished banks. The Arab Bank   performs its banking duties while complying with the tenets of Shariah law .

The bank was established 85 years ago and it has more than 600 branches globally, operating in 30 countries and five continents respectively.

Last year, Global Investor named IIAB the Best Cash Manager in the Middle East and the Best Brokerage House in Jordan. Euro money also ranked IIAB the Best Bank in Jordan six years consecutively. In 2013, Arabian Business feted it as Regional Bank of the Year.

Amman

Amman magnificently lies on the western heights of Jordan. The city is the kingdom’s royal throne and chief city. It is also its largest and most populous city with a swelling cosmopolitan population that has hit 4 million inhabitants. Amman is also the chief cultural and economic center of Jordan.

 Amman is like a wine skin that carries both the old and new wine with two historical contrasts that set the old city on the Eastern end and the modern city on the Western end. Amman has a rich history that trickles down to the ancient Bible times. Those days it was known as Rabbath Ammon and Philadelphia.

Housing Loan - Apartments Ijarah  

Arab Bank offers you Ready Property Loan to fulfill your dream to own your own home. Its salient features are:

  •     Loan amount between JD 5,000 to  JD 700,000;
  •     Loan period of between 1-30 years;
  •     Flexible repayment as per your income level;
  •     Financing of  up to 90% of the property value;
  •     Ability to finance mortgage and property registration fees; and
  •     Life and property insurance covers.

 

Requirements:

    Valid national ID card;

     Valid resident visa ;

    Recent utility bill bearing  client’s name e.g. electricity, telephone or rental contract;

    Latest salary, income or employment verification documents;

    Property purchase and sales agreement;

    Ownership certificate of the financed property;

    Proof of down payment; and

    Bank statements.