Economy News _ Baghdad
Al-Nahrain Islamic Bank announced Sunday the launch of Murabaha financing transactions (real estate, projects and cars) in its 2018 plan.
"Islamic Murabaha financing will be granted according to the regulations and instructions set by the General Administration and through the Studies Department, which is implemented by the Investment Department and distributed to the branches of the Bank in Baghdad, Najaf and Basra to work under them," the bank's statement said.
He added that "the bank started to promote transactions for citizens, provided that the maximum limit of financing the real estate is 150 million dinars at a rate of Murabaha (38)% for 10 years, as well as financing the cars to the upper limit of 30 million dinars and the rate of Murabaha (24%). Million and 500 thousand dinars at a rate of Murabaha (24)% for 3 years. "
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