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Mon 11 Dec 2017 23 Rabia al-Awwal 1439H

Ijarah Muntahia Bittamleek

Ijarah Muntahia Bittamleek mode and includes the following products:

Apartments and houses, commercial stores, offices, medical clinics

Annual return rate taken is 5 % Annual mutual insurance ratio 0.5%*
   
 
 

* Conditions for the subscription in mutual insurance fund within the equation :

·         The lessee age at the end of ijarah contract should not be more than 65 years.

·         The financing asset should not be more than JD100000 thousand.

Equation to calculate monthly installment

Return = return ratio × financing asset

Mutual insurance ratio = mutual insurance installment × financing asset

Return + mutual insurance installment = total  financing + financing asset

Period = monthly rent installment + total financing

Explanatory example

Ijarah Muntahia Bittamleek Financing to purchase an apartment

Financing asset (JD 30000)

Repayment period 120 months

30000 * 50% = JD 15000

30000 * 5% = JD 1500

30000 + 15000+ 1500= JD 46500

46500 + 120 = JD 387.500