Examples of Calculating the Effective Annual Percentage Rate (APR)

• Examples of the annual profit rates for financing in the form of Murabaha to buy cars, furniture, electrical appliances, apartments, building materials, etc.

• Examples of the annual profit rates for financing in the Form of IJARAH MUNTAHIA BITTAMLEEK to buy Apartments, Houses, And Lands.

Notes:

• Our bank does not charge credit granting or execution commission.
• The above profit rates are changeable, and depends on the customer credibility and financing period.
• The above profit rates for financing in the form of Murabaha are fixed during the financing period.
• Our bank has not raised the rates of return on our existing Ijarah Muntahia Bittamleek customers since granting them the finance.
• The effective annual percentage rate calculated above includes mutual insurance installments.
• The mutual insurance installments is calculated on the financing amount including profit for Murabaha finance.
• The mutual insurance installments for Ijarah Muntahia Bittamleek is calculated on the financing amount excluding Profit.
• The annual rate of mutual insurance is 0.5%, to be paid in installments over financing period.