Military Credit Fund

Furniture Financing

The Fund purchases the furniture that the subscribers wants to purchase, recieve it and sell it thereto after acquisition thereof according to the Islamic murabaha formula at murabaha rate starts of 3.75% annually.

The maximum limit for furniture finance is as follows:

To officers up to 12000 Jordanian Dinars.
To noncommissioned officers, individuals and civilian employees up to 6000 Jordanian Dinars.

Required documents for funding furniture + restoration (finishing) :

Certificate of appointment.
Family book or a certified copy thereof.
Salary statement for the last three months issued by the Finance Department of the Service to which the subscriber is affiliated which must be duly signed and sealed.
Certificate of liabilities from the bank to which the salary of the subscriber is transferred indicating all liabilities and the value of monthly installments as a debtor and guarantor, in addition to any debit cards and other liabilities.
Statement of account for the last six month issued for the subscriber from the bank to which the salary is transferred.
To provide us with a letter of no- impediment against transferring the value of the monthly installment from the bank to which the salary is transferred if the salary of the subscriber is not transferred to the Fund.
Original letter of the stages of services issued by the Personnel or officers Affairs for off-duty and those reinstated.
Certificate of appointment and salary statement for the guarantor if the term of debtor subscriber service requires a guarantor, which is for the officers whom their service is less than (7) years and personnel whom service is less than (10) years.
The original invoice issued by the merchant on which the goods intended to be purchased are listed provided that the value thereof is to be equil to the value of the finance that the subscriber wants to receive.
Contract of commodity purchase between the Fund and the supplier in which the commodities intended to be purchases conform to those listed on the original invoice.
Authorization of delivery and acknowledgement of receipt.
Valid profession license + the commercial registration of the merchant whom the goods are to be purchased from.
Certification by the bank which is the merchant is dealing with on the merchant signature on the purchase contract and authorization of delivery. Otherwise, the merchant shall personally sign at any of the Fund branches.

Note: You can find the forms of the purchase contract, authorization of delivery and acknowledgement of receipt at any of the Fund branches.