Istisna’a Financing

The Arab Islamic Bank finances the construction of houses or manufacturing of goods that customers choose according to their own specifications, so that customers can finish their homes, build a house, or manufacture various commodities in compliance with the laws of Islamic Sharia.

Istisna’a Financing Features

• The financing is compatible with Islamic Sharia
• A repayment period of up to 12 years
• Financing for up to $80,000, provided that the deduction from income does not exceed 50%
• Determining the appropriate specifications for the commodity to be manufactured
• Easy and fixed monthly installments
• Free Takaful insurance

Required Documents

• National ID
• Bank statement for the previous six months
• Employment verification certificate (salary slip or municipal council certificate)
• A price quote detailing the exact specifications of the commodity to be manufactured, which is subject to financing.
• Obtaining an undertaking to transfer the salary to the Arab Islamic bank or presenting a suitable bank guarantee

Note: This financing is in line with Islamic Sharia and the Monetary Authority's instructions.