Attijari Al Islami Home Lease (Ijarah)

Attijari AL Islami is proud to offer a range of shari’a compliant and cost-effective Ijarah home products which suits your requirements.

Attijari AL Islami home products have been prepared based on extensive research, with the state-of- the - art Technology and simplified end to end process using following Ijarah Contract structure.

“CBD Attijari Al Islami Ijarah to purchase the property base on Customer’s request, and then lease it to customer on a rental payment for a specified leasing period. Through this deal the bank is the lessor and the customer is lessee. The Bank promises to transfer the title of the property to the customer at the end of the lease period as per the Ijarah Contract”

Our well trained Ijarah Home Advisors would be happy to assist you over the phone or visit you at your convenience and take you through the steps towards owning your dream home. You can choose from the following range of Attijari Al Islami Ijarah Home products according to your requirements.

	Attijari Al Islami Ijarah - Ready Property
	Attijari Al Islami Sale & Lease Back Option for Ready and Owned Properties Only

Product Definitions:
Ijarah Muntahia Bittamleek (Ready Property)
This product is designed for the properties, which are ready and available to use. You simply need to identify the property, CBD Attijari Al Islami will buy the property and leases to you for your regular use. Once the terms of the Ijarah contract have been completed the property title will be transferred to you on a token amount as per the Ijarah contract terms.

Your settlement of the rent will start only once your home is ready for occupation.

Attijari Al Islami Sale & Lease Back
Attijari Al Islami Home Sale & Lease Back allows you to enhance the value of a home you already owned, or have bought on payments from another bank. We will buy the existing property from you and lease it back to you. Once the terms of the Ijarah contract have been completed the property title will be transferred to you on a token amount as per the Ijarah contract terms.

Features and Benefits

	Lease Tenure: 2 -15 Years
	Minimum Leasing Amount is AED 500K and Maximum AED 4 MM.
	Lease Locations: Abu Dhabi & Dubai with approve listed Developers.
	Leasing value up to 70% of Property Value.
	Salary Transfer Mandatory.
	Competitive Leasing Rate
	Financing available for additional direct cost such as: - Brokerage Fees - Developer Fees - Government & Other Regulatory Bodies Fees and    Applicable Taxes. - Applicable Expenses (Shari’a Compliant Insurance    and Major Repairs etc.)

Eligibility

	UAE Residents Salaried
	Age 21 – 65 Years (or retirement age)
	Minimum period of employment in UAE at least 1 Year for Nationals and 2 Years for Expat for Salaried
	Eligible Income Minimum: Salaried AED 65,000 Monthly.

	Completed Application Form
	Processing Fee Cheque
	True copy of valid Passport
	Valid National ID Card in case of UAE Nationals.
	Copy of the Residence Visa for Expatriates