Islamic Finance
Islamic window
Eldik Bank OJSC within the framework of the Islamic window runs a campaign "Affordable Islamic finance". On favorable terms you can get funds in the following areas:
- Izhara MB - Business - lease of property with subsequent purchase under the Ijarah Muntahiyah Bittamlik (Ijarah MB) agreement
- Car financing - for purchase of new and used cars (on the security of the purchased car and/or real estate).
- Mortgage: purchase of real estate (apartment, house or plot of land for construction).
- Consumer purposes - for purchase of building materials for repair and construction, furniture, household appliances, etc.
- Business development: working capital replenishment, purchase of equipment, machinery, buildings, land, etc.
- Agriculture - for purchase of cattle, fodder, seedlings, seeds, fertilizers, agricultural machinery, spare parts, consumables, raw materials for agricultural processing enterprises, etc.
Standard list of documents*:
- Passport of a Client/Guarantor/Pledgee and spouse, Certificate of marriage
- Reference from place of residence and family composition of Client/Guarantor
- Certificate from the place of employment of the Client / Co-guarantor on the salary for the last 12 months, business documents (copy of the patent or certificate of IE and taxpayer ID), other information that confirms the income
- Documents for movable/real estate provided as collateral
- Documents for purchased real estate/immovable property
- *Other documents as may be required additionally for application review.
For consultations you can contact the following departments:
Bank Contact Center 0312 / 0552 / 0755 / 0706 911 111
Islamic Window, 95 Umetalieva Street, Bishkek, (0755) 011 848 (WhatsApp)
Ysyk-Kul branch, 271 Toktogul str., Karakol, (0755) 400 163 (WhatsApp)
Kochkor branch, 33A, Isakeeva str., Kochkor village, (0755) 400 167 (WhatsApp)
Osh Branch, 124 A Kurmanjan Datka Str., Osh, (0550)012313 (WhatsApp)
“Ijara MB - Business” for individual entrepreneurs and legal entities.
Purpose of financing:
Rental of property with subsequent purchase under the Ijarah Muntahiyah Bittamlik (Ijarah MB) agreement, including:
- All types of agricultural machinery and mounted/trailer equipment,
- Specialized equipment,
- Industrial/technological/production and other equipment,
- Buildings, structures and other property for business.
Financing conditions:
- Initial payment: from 10% of the property value (used as the first payment)
- Financing amount: from 50,000 soms
- Term: up to 72 months
- Remuneration:
- in soms from 1.42% per month*
- in US dollars from 0.75% per month*
*(calculated as rent under the Ijara MB agreement and depends on the term and value of the property).
Collateral:
- With an initial payment of 30% of the property value, the purchased property serves as a guarantee for repayment.
- With an initial payment of less than 30%, additional collateral (real estate) is required.
- For specific equipment - as security it is necessary to provide a building with land where it will be installed.
"Ijara MB Business" is an opportunity to rent with subsequent purchase, the property necessary for business, on favorable terms, according to Islamic principles of financing!
