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Business & Personal
Consumer Financing

This product aims at providing facilities that cater for the needs of our retail customers, in private and public organizations or individuals who meet the requirements.

 
Features & Benefits

• Based on Sharia compliant contracts
• Offered to employees whose employer have MOU with the Bank
• Maximum tenure; 36 months for individuals and 60 months for employees
• Maximum mark up rate of 14% per annum
• Maximum deduction is 40% of Net salary
• Minimum amount 5m and maximum amount 50m Employer has to remit the staff monthly deduction to Amana Bank, or routing their salaries through Amana Bank
• Financing will be for buying sharia compliant products only. Preferring buying from local suppliers holding account with Amana Bank
• Customer should authorize the employer to remit the payment for serving his/her loan
• The company should have a minimum of 30 employees, (with exceptions)
• Applies only to confirmed staff or those whose contracts will suffice to repay the facility
• Fulfilling customers dream to own asset and meet their needs

 

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