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Al-Nahrain publishes the terms and conditions for obtaining a 150 million dinar loan

rocky
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Al-Nahrain publishes the terms and conditions for obtaining a 150 million dinar loan Empty Al-Nahrain publishes the terms and conditions for obtaining a 150 million dinar loan

Post by rocky on Sun Jan 19, 2020 9:04 am

[size=35][size=35]Al-Nahrain publishes the terms and conditions for obtaining a 150 million dinar loan[/size]
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Economie

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2020-01-19 | 05:25
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[size=18]The governmental Islamic Bank of Al-Nahrain Bank announced on Sunday the conditions and controls for obtaining a 150 million dinar loan for citizenship for their salaries to purchase a housing unit.


The bank said in a statement that Alsumaria News received a copy of it that "the conditions and controls that were put in place for the purpose of buying a property in the event of localization of salary on the Islamic Bank of Nahrain are the following: -
1- The maximum amount of the financing amount is 150 million dinars.






2- The maximum payment period is 20 years.
3- Murabaha rate (interest) 3% annually.
4- It is not permissible to grant financing for sales cases between husband and wife.
5- It does not require sponsor to be presented if the amount of financing is less than (40) forty million dinars, but in case the amount is more than that and up to (75) seventy five million dinars it requires submitting one sponsor and requires the presentation of two sponsors in the event that the amount exceeds (75) seventy five million Up to (150) one hundred and fifty million dinars.
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The bank indicated that "employees wishing to settle their salaries at the bank will be exempt from paying the margin of advance."


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Al-Nahrain publishes the terms and conditions for obtaining a 150 million dinar loan Empty Conditions for obtaining a loan of 150 million dinars from the two banks

Post by rocky on Mon Jan 20, 2020 5:05 am

Conditions for obtaining a loan of 150 million dinars from the two banks

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Baghdad / ... Al-Nahrain Islamic Bank announced on Sunday the conditions and controls for obtaining a 150 million dinar loan for citizenship for their salaries to purchase a housing unit.

The bank said in a statement received by "Ain Iraq News", that "the conditions and controls that were put in place for the purpose of buying a property in the event of localization of salary on the Islamic Bank of Nahrain include that: -

1- The maximum amount of the financing amount is 150 million dinars.

2- The maximum payment period is 20 years.

3- Murabaha rate (interest) 3% annually.

4- It is not permissible to grant financing for sales cases between husband and wife.

5- It does not require sponsor to be presented if the amount of financing is less than (40) forty million dinars, but in case the amount exceeds that and up to (75) seventy five million dinars, it is required to present one sponsor and he is required to provide two sponsors in the event that the amount exceeds (75) seventy five million Up to (150) one hundred and fifty million dinars.
 
The bank indicated that "employees wishing to settle their salaries at the bank will be exempt from paying the margin of advance." Finished 2





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weslin3
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Al-Nahrain publishes the terms and conditions for obtaining a 150 million dinar loan Empty Re: Al-Nahrain publishes the terms and conditions for obtaining a 150 million dinar loan

Post by weslin3 on Mon Jan 20, 2020 8:39 am

This is what I don't figure out... At the current rate $.0008377 that would be $124,500 USD.. At a higher rate??? So what is the cost of the housing unit.. Just makes me wonder how they will or when raise the rate.

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Al-Nahrain publishes the terms and conditions for obtaining a 150 million dinar loan Empty Re: Al-Nahrain publishes the terms and conditions for obtaining a 150 million dinar loan

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