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Home development

Home development

Finances the Namothjiah For Islamic Microfinance with financing starting from 200 Dinars up to 4,000 Dinars in accordance with the provisions of Islamic Sharia, individuals in the Hashemite Kingdom of Jordan aged (21 – 65) years at the end of the financing term, of both genders, to purchase needs for individuals who have fixed incomes/salaries or those who have free incomes from owners of existing/home projects, provided that these needs are building materials and/or the necessary supplies for home development.

Financing ceiling

200-4,000

Annual rate of return

23.00% fixed

Repayment period

From 6 months up to 36 months

Grace period

None.

Program details

Purpose of financing

Purchasing needs for individuals who have fixed incomes/salaries or those who have free incomes from owners of existing/home projects, provided that these needs are building materials and/or the necessary supplies for home development.

Target group

Individuals in the Hashemite Kingdom of Jordan aged (21 – 65) years at the end of the financing term, of both genders (individuals who have a fixed income / monthly salary, individuals who are owners of existing projects).

Required documents

Proof of identity, proof of income, price quote/commercial register of the supplier wherever provided, and any other documents that may be requested.