Residential Finance (Bayti) and Subsidized financing Murabaha
Tenure (Years) |
10 |
Commitment |
No Commitment |
Profit Type |
Murabaha |
First Home |
Yes |
|
Subsidized Financing based on property price |
Financing based on property price |
Property Price |
800,000 |
Market value |
840,000 |
Down Payment |
(10%) or (5%) 80,000-40,000 |
(10%) 80,000 |
Tenure (Months) |
120 |
Profit Rate |
3.55% |
3.55% |
Net Financed |
760,000.00 |
720,000.00 |
Total Financed |
1,029,800.00 |
975,600.00 |
Monthly installment |
8,581.67 |
8,130.00 |
FTV |
90% or 95% |
90% |
Settlement Type |
Profit+Principal |
APR |
6.38% |
6.38% |
Management Fees |
5,000.00 |
5,000.00 |
Settlement Type |
Three months profit + (Principal + Profit) that hasn't been paid during the first two years of the loan tenure |
* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/04/2025