Education Financing
We offer an education financing program designed to support you in reaching your aspirations and shaping your future. The journey begins with tailored education, starting from school-level education in private schools, advancing to university studies, and culminating in postgraduate programs. Our program also extends to institutions and training centers providing trainees with qualifying courses and specialized professional certificates. It facilitates the financing of educational fees through manageable and convenient installments.
The program's mechanism
When students from an accredited educational institution apply for the Education Financing Program, the bank leases the educational seat from the institution. The bank covers the entire tuition fees associated with the leased educational seat. Subsequently, the bank leases the educational seat to the student, and the tuition fees are repaid in easy and convenient installments. This program follows the Ijara terms outlined in the service agreement.
The program’s advantages:
- Compliant with Islamic Sharia principles
- Financing up to 100% of the educational installment
- Repayment period of up to 36 months
- Repayment in easy and convenient installments.
- Financing that covers all stages of education, from school education to postgraduate studies, in addition to professional certificates
Conditions and Requirements for Obtaining Financing:
- Maximum financing limit of $10,000.
- Salary transfer to the bank or a guarantor with a transferred salary, with the possibility of considering other guarantees such as: mortgage on property, car, gold, cash insurance, or stock mortgage.
- Repayment period not exceeding 36 months.
- Monthly installment not to exceed 50% of the transferred salary, with the possibility of considering the household income.