[size=36]Al-Nahrain Bank announces the controls for financing the lease project[/size]
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An official source in the bank said, according to the official newspaper, that "the controls included that the maximum amount of financing for the purchase order be (150) million dinars, and what exceeds that is paid in advance to the bank from the customer as insurances that are considered an advance payment upon completion of the contract, and that the lease term of the existing With a maximum limit of (15) years, and with a murabaha rate of 4% annually, the rental allowance is paid monthly.
He pointed out that “the lessee bears the cost plus the profits, and the cost represents the value of purchasing the asset in addition to all the expenses incurred by the bank until leasing it, such as semantic fees, ownership transfer fees and attorneys’ fees,” noting that “basic maintenance is borne by the bank and maintenance resulting from consumption or use is borne by the beneficiary ( lessor).
The source indicated that "the tenant may lease the property to a third party (sub-leasing) after the approval of the lessor, and here the first tenant bears full responsibility for what may happen to the leased property from the new tenant, and the lessor may obtain an advance payment to ensure the completion of the lease contract, and in If the contract is not completed due to the customer’s desire, an amount equal to the value of the damage (if any) incurred by the bank is deducted from the advance payment, and the rent is due to the lessor for the duration of the contract’s validity.
He added that "the contract (obligations and rights) must be specified for both the lessor and the lessee towards the leased property, such as periodic maintenance or repairing faults (obligations and rights), and the bank can own a specific asset based on the desire of its customer and then rent it to him." On the other hand, a bank announced Al-Nahrain issues easy personal finance instructions to its salary citizens.
He explained, "The past few days witnessed the issuance of instructions for soft loans to salary citizens in the bank exclusively in response to the initiative of the Central Bank of Iraq to support workers in state institutions who continue to serve." million dinars, and a one-time administrative commission of 4% is deducted from the amount of financing granted, distributed at 2% in favor of the Central Bank of Iraq and 2% in favor of the bank.
He pointed out that "the upper limit for the financing period is five years and in line with the legal age of retirement, provided that the first installment is due after 30 days from the date of receiving the financing, and that the financing includes those whose total salary does not exceed one million dinars, including all the allowances they receive, and the priority is To employees with low salaries, provided that the monthly installment does not exceed 50% of the customer’s net salary after subtracting his obligations.” Ended 29/A43