How to Calculate Financing Products

Murabaha Mode For Purchase – Order 

The formula for calculating the Murabaha mode for purchase – Order :

1. Financing Amount x profit rate x financing period (in years) = profit amount
2. Financing Amount + profit amount = total financing
3. Total financing x mutual insurance rate x financing period (in years) = amount of mutual insurance
4. Total financing + amount of mutual insurance = Total financing including profit and mutual insurance
5. Total financing including profit and mutual insurance ÷ financing period (in months) = The monthly installment of financing.

• Conditions to participate In The Mutual Insurance Fund:

1. The client should not be more than 60 years.
2. The total of accrued liability in mutual insurance, including profit and installment, does not exceed jd150, 000 thousand.
3. The mutual insurance installment is calculated in the MURABAHA  mode for purchase – order  on the total financing (financing including profit).

To calculate the monthly installment, click here

Ijarah Muntahia Bittamleek

The Formula For Calculating The Ijarah Muntahia Bittamleek mode:

1. Financing Amount x profit rate x financing period (in years) = profit amount.
2. Financing Amount + profit amount = total financing.
3. Financing Amount x rate of mutual insurance x period of financing (in years) = amount of mutual insurance.
4. Total financing + amount of mutual insurance = Total financing including profit and mutual insurance.
5. Total financing including profit and mutual insurance ÷ financing period (in months) = The monthly installment of financing.

• Conditions to participate In The Mutual Insurance Fund:

1. The client should not be more than 60 years.
2. The total of accrued liability in mutual insurance, including profit and installment, does not exceed JD150, 000 thousand.
3. The mutual insurance installment is calculated in the murabaha mode for purchase – orderer on the total financing (financing including profit).
4. The Mutual Insurance Installment For Ijarah Muntahia Bittamleek Is Calculated On The Amount Of Financing (Financing Excluding Profit).

Ijara calculator

The equation for calculating Al-Ijarah Al-Mawsufah Fi Al-Dhimmah:

•  Financing Amount x profit rate x financing period (in years) = profit amount
• Financing Amount + profit amount = total financing
• Total financing x mutual insurance rate x financing period (in years) = amount of mutual insurance
• Total financing + amount of mutual insurance = Total financing including profit and mutual insurance
• Total financing including profit and mutual insurance ÷ financing period (in months) = The monthly installment of financing.