Car Financing  (Murabaha)

The Fund purchases and takes possession of the privates cars at the request of the subscribers provided that to sell the same to them and have the price thereof repaid in installments over a period up to six years with a murabaha starting at 3.75% per year.

The maximum limit for car financing is as follows:

1-     To officers up to 12000 Jordanian Dinars.

2-     To noncommissioned officers, individuals and civilian employees up to 6000 Jordanian Dinars.

Taking into consideration that the subscriber meet the conditions for granting the financing in terms of service years and rate of the installment to the income (debt burden). 

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