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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Nahrain Bank launches the service of buying and building housing units with a value of 100 millio

    Rocky
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    • Post n°1

    Al-Nahrain Bank launches the service of buying and building housing units with a value of 100 millio Empty Al-Nahrain Bank launches the service of buying and building housing units with a value of 100 millio

    Post by Rocky Wed 16 Jun 2021, 6:59 am

    [size=36]Al-Nahrain Bank launches the service of buying and building housing units with a value of 100 million dinars[/size]

    Economie| 08:33 - 06/16/2021

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    Baghdad - Mawazine News
    Al-Nahrain Islamic Bank of the Ministry of Finance launched the “Istisna’a” service, which amounts to 100 million dinars, for the purpose of building a housing unit and for all citizens, while it announced its continuation to promote real estate purchase service transactions for employees whose salaries are domicilized at an amount of up to 150 million dinars and their salaries are not localized at an amount of up to 100 million.
    And the director of the bank, Muhammad Samir, said, according to the official media, that “the bank issued during the last few period the controls for the (Istisna’a) service, which amount to 100 million dinars for the purpose of building a housing unit and for all citizens,” explaining that “the controls require that the upper limit for financing the construction addition is 50.” One million dinars, and the maximum limit for financing the construction of the housing unit is 100 million dinars for those who own a plot of land and wish to build it, or if the contract value exceeds those amounts, the customer bears the difference in the amount.
    He explained that "the bank has set the amount of profit at 4% with a financing period of 15 years, and the first installment is due after 60 days from the date of signing the contract. The applicant for financing must provide one guarantor if the financing amount is 50 million dinars, and two guarantors if the financing amount exceeds 50 million dinars, up to 100 million dinars, that covers half of the net salary monthly installment amount and proportion to the remainder of the service career with the retirement age and the duration of (withholding).
    he Samir that " the loan by the applicant to submit a land or real estate to be (Astsnaaha) or other guarantee and mortgaging subject by insurance of The first degree, provided that its estimated value covers the value of the financing amount (the amount granted), stressing that “the upper limit for the implementation of the construction work of the housing unit shall be (6) months for one floor and (9) months for two floors, and that the applicant for financing in the (Istisna’) formula is Iraqi. Nationality and not less than (18) years old.
    The director of Al-Nahrain Bank called on “the employees whose salaries are nationalized to it to review its branches to benefit from the property purchase service,” noting that “the controls of the real estate purchase service for the citizens whose salaries are with the bank require that the maximum amount of financing be 150 million dinars, and that the upper limit for the payment period is 20 years, and that the amount of The profit is 3% annually, and financing may not be granted for cases of sale between husband and wife.
    And he added, "This type of loan does not require the provision of a guarantor if the amount of financing is less than (40) million dinars, but in the case of an increase in the amount than that, one or two guarantors are required to be provided, provided that his net salary or their salaries cover double the monthly installment," noting that “The bank was keen that this service includes non-national employees whose salaries in the bank to buy a property amount to (100) million dinars, with a payment period of (15) years, and a 3% murabaha per year with one or two guarantors whose net salary covers double the monthly installment with the subtraction of direct and indirect obligations. And that among the conditions is that the applicant for funding and the sponsor must be an employee of the state departments, and the one who is certified to the owners.
    Samir praised “the role of Minister of Finance, Dr. Ali Abdul-Amir Allawi, in support of banking work, and this is evidenced by the fact that the last cabinet session authorized banks to contract with experts and companies from the field of competence and delegated these powers to the Minister of Finance and this authorization will invest in this direction to contract with local and international experts for financial and banking reform He expected, “The bank’s profits for this year will rise from two billion dinars.” Ended 29/A 43
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    • Post n°2

    Al-Nahrain Bank launches the service of buying and building housing units with a value of 100 millio Empty Al-Nahrain launches the service of buying and building housing units

    Post by Rocky Wed 16 Jun 2021, 7:25 am

    Al-Nahrain launches the service of buying and building housing units

    •  Time: 06/16/2021 08:14:44
       
    •  Reading: 1,989 times

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    {Economic: Al-Furat News} Al-Nahrain Islamic Bank of the Ministry of Finance launched the "Istisna'a" service, which amounts to 100 million dinars for the purpose of building a housing unit for all citizens
    The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
    While he announced his continuation of promoting real estate purchase service transactions for employees whose salaries are domicilized at an amount of up to 150 million dinars, and their salaries are not domiciled at an amount of up to 100 million.
    And the director of the bank, Muhammad Samir, said in a press interview, “The bank issued, during the last few period, the controls for the (Istisna’) service, which amount to 100 million dinars for the purpose of building a housing unit and for all citizens,” explaining that “the controls require that the upper limit for financing the construction addition is 50 million.” Dinars, and the maximum limit for financing the construction of the housing unit is 100 million dinars for those who own a plot of land and wish to build it, or if the contract value exceeds those amounts, the customer bears the difference in the amount.
    He explained that "the bank has set the amount of profit at 4% with a financing period of 15 years, and the first installment is due after 60 days from the date of signing the contract. The applicant for financing must provide one guarantor if the financing amount is 50 million dinars, and two guarantors if the financing amount exceeds 50 million dinars, up to 100 One million dinars, provided that half of his net salary covers the amount of the monthly installment and that the remainder of the job service is commensurate with the retirement age and the (deduction) period.
    Samir pointed out that “the loan applicant must provide the land or real estate to be (istisna’) or others as a guarantee and mortgage it as a first-class insurance mortgage, provided that its estimated value covers the value of the financing amount (the amount granted),” stressing that “the upper limit for the implementation of construction works is The housing unit shall be (6) months for one floor and (9) months for two floors, and the applicant for financing in the (Istisna’) formula shall be of Iraqi nationality and be at least (18) years old.”
    The director of Al-Nahrain Bank called on “the employees whose salaries are nationalized to it to review its branches to benefit from the property purchase service,” noting that “the controls of the real estate purchase service for the citizens whose salaries are with the bank require that the maximum amount of financing be 150 million dinars, and that the upper limit for the payment period is 20 years, and that the amount of The profit is 3% annually, and financing may not be granted for cases of sale between husband and wife.
    And he added, "This type of loan does not require the provision of a guarantor if the amount of financing is less than (40) million dinars, but in the case of an increase in the amount than that, one or two guarantors are required to be provided, provided that his net salary or their salaries cover double the monthly installment," noting that “The bank was keen that this service includes non-national employees whose salaries in the bank to buy a property amount to (100) million dinars, with a payment period of (15) years, and a 3% murabaha per year with one or two guarantors whose net salary covers double the monthly installment with the subtraction of direct and indirect obligations. And that among the conditions is that the applicant for funding and the sponsor must be an employee of the state departments, and the one who is certified to the owners.
    Samir praised "the role of Finance Minister Ali Abdul-Amir Allawi in support of banking, and this is evidenced by the fact that the last cabinet session authorized banks to contract with experts and companies from the field of specialization and delegated these powers to the Minister of Finance and this authorization will invest in this direction to contract with local and international experts for financial and banking reform." He expected "the bank's profits for this year to exceed two billion dinars."
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    • Post n°3

    Al-Nahrain Bank launches the service of buying and building housing units with a value of 100 millio Empty Al-Nahrain launches loans of 100 million dinars for the purpose of construction

    Post by Rocky Wed 16 Jun 2021, 7:43 am

    Al-Nahrain launches loans of 100 million dinars for the purpose of construction

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    Al-Nahrain Islamic Bank, affiliated to the Ministry of Finance, announced, on Wednesday, the launch of the “Istisna’a” service, which amounts to 100 million dinars, for the purpose of building a housing unit and for all citizens. up to 100 million.
    And the director of the bank, Muhammad Samir, said in a press interview, “The bank issued, during the past few period, the controls for the (Istisna’a) service, which amount to 100 million dinars for the purpose of building a housing unit and for all citizens,” explaining that “the controls require that the upper limit for financing the construction addition is 50 million.” Dinars, and the maximum limit for financing the construction of the housing unit is 100 million dinars for those who own a plot of land and wish to build it, or if the contract value exceeds those amounts, the customer bears the difference in the amount.”
    Samir explained that “the bank has set the amount of profit at 4% with a financing period of 15 years, and the first installment is due after 60 days from the date of signing the contract, and the financing applicant must provide one guarantor if the financing amount is 50 million dinars, and two guarantors if the financing amount exceeds 50 million dinars, up to 100 million dinars, provided that half of his net salary covers the amount of the monthly installment and that the remainder of the job service is commensurate with the retirement age and the (deduction) period.
    He pointed out that “the loan applicant must provide the lands or real estate to be (istisna’) or others as a guarantee and mortgage it as a first-class insurance mortgage, provided that its estimated value covers the value of the financing amount (the amount granted),” stressing that “the upper limit for the implementation of the unit construction work is Residential is (6) months for one floor and (9) months for two floors, and the applicant for financing in the form of (Istisna’a) must be Iraqi, and his age is not less than (18) years.”
    The director of Al-Nahrain Bank called on “the employees whose salaries are nationalized to it to review its branches to benefit from the property purchase service,” noting that “the controls of the real estate purchase service for the citizens whose salaries are with the bank require that the upper limit for the amount of financing be 150 million dinars, and that the upper limit for the payment period is 20 years and that the amount of The profit is 3% annually, and financing may not be granted for cases of sale between husband and wife.
    He added, "This type of loan does not require the provision of a guarantor if the amount of financing is less than (40) million dinars, but in the event of an increase in the amount than that, one or two guarantors are required, provided that his or her net salary covers double the monthly installment," noting that “The bank was keen that this service includes non-national employees whose salaries in the bank to buy a property amount to (100) million dinars with a payment period of (15) years and a 3% murabaha per year with one or two guarantors whose net salary covers double the monthly installment with the subtraction of direct and indirect obligations. And that among the conditions, the applicant for funding and the sponsor must be an employee of the state departments, and the one who is proven to be the owner of the property. . . . .
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    • Post n°4

    Al-Nahrain Bank launches the service of buying and building housing units with a value of 100 millio Empty Iraq: a financial institution launches the 100 million dinars service for all citizens

    Post by Rocky Wed 16 Jun 2021, 8:12 am

    [size=30]Iraq: a financial institution launches the 100 million dinars service for all citizens[/size]

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    Photo: 


    Al-Nahrain Islamic Bank launched, on Wednesday, the "Istisna'a" service, which amounts to 100 million dinars for the purpose of building a housing unit and for all citizens, announcing its continuation to promote real estate purchase service transactions for employees also at an amount ranging from 100 to 150 million dinars.
    [size=15]And the director of the bank, Muhammad Samir, said in a statement, followed by NRT Arabia, (16 June 2021), that “the bank issued during the last few period the controls for the (Istisna’) service, which amount to 100 million dinars for the purpose of building a housing unit and for all citizens,” explaining that “the controls require that The maximum limit for financing the construction addition is 50 million dinars, and the maximum limit for financing the construction of the housing unit is 100 million dinars for those who own a plot of land and wish to build it, or if the contract value exceeds those amounts, the customer bears the difference in the amount.[/size]
    [size=15]Samir added, "The bank has set the amount of profit at 4% with a financing period of 15 years, and the first installment is due after 60 days from the date of signing the contract, and the financing applicant must provide one guarantor if the financing amount is 50 million dinars, and two guarantors if the financing amount exceeds 50 million dinars, up to to 100 million dinars, provided that half of his net salary covers the amount of the monthly installment and that the remainder of the job service is commensurate with the retirement age and the (deduction) period.[/size]
    [size=15]He explained, "The loan applicant must provide the lands or real estate to be (istisna) or others as a guarantee and mortgage it as a first-class insurance mortgage, provided that its estimated value covers the value of the financing amount (the granted amount), stressing that "the upper limit for the implementation of the unit construction work is Residential units are (6) months for one floor and (9) months for two floors, and the applicant for financing in the form of (Istisna’a) must be of Iraqi nationality and be at least (18) years old.[/size]
    [size=15]The director of Al-Nahrain Bank called on “the employees whose salaries are nationalized to it to review its branches to benefit from the property purchase service,” noting that “the controls of the real estate purchase service for the citizens whose salaries are with the bank require that the maximum amount of financing be 150 million dinars, and that the upper limit for the payment period is 20 years, and that the amount of The profit is 3% annually, and financing may not be granted for cases of sale between husband and wife.[/size]
    [size=15]And he continued, "This type of loan does not require the provision of a guarantor if the amount of financing is less than (40) million dinars, but in the case of an increase in the amount than that, one or two guarantors must be provided, provided that his or her net salary covers double the monthly installment," noting. The bank was keen to ensure that this service includes non-national employees whose salaries in the bank to buy a property amount to (100) million dinars, with a payment period of (15) years, and a 3% murabaha per year with one or two guarantors whose net salary covers double the monthly installment with the subtraction of direct and indirect obligations. And that among the conditions, the applicant for funding and the sponsor must be an employee of the state departments, and the one who is proven to be the owner.[/size]
    [size=15]Samir praised, "The role of the Minister of Finance, Dr. Ali Abdul-Amir Allawi, in support of banking work, and evidence of this is that the last cabinet session authorized banks to contract with experts and companies from the field of specialization and delegated these powers to the Minister of Finance and this authorization will invest in this direction to contract with local and international experts for financial reform And the banker,” he expected, “the bank’s profits for this year will rise from two billion dinars.”[/size]
    [size=15]NA[/size]
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    • Post n°5

    Al-Nahrain Bank launches the service of buying and building housing units with a value of 100 millio Empty Re: Al-Nahrain Bank launches the service of buying and building housing units with a value of 100 millio

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