Ijarah Muntahia Bittamleek

The Formula For Calculating The Ijarah Muntahia Bittamleek mode:

Financing Amount x profit rate x financing period (in years) = profit amount
Financing Amount + profit amount = total financing
Financing Amount x rate of mutual insurance x period of financing (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.

Conditions to participate In the Mutual Insurance Fund:

The client should not be more than 60 years.
The total of accrued liability in mutual insurance, including profit and installment, does not exceed JD 200, 000 thousand.
The mutual insurance installment is calculated in the murabaha mode for purchase – order on the total financing (financing including profit).
The Mutual Insurance Installment For Ijarah Muntahia Bittamleek Is Calculated On The Amount Of Financing (Financing Excluding Profit).
The customer must be subject to the health subscription conditions approved in the subscription form.

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