Examples of Calculating the Effective Annual Percentage Rate (APR)

Examples of the annual profit rates for financing in the form of Murabaha to buy cars, furniture, electrical appliances, apartments, building materials, etc.

APR	Finance period / year	Granting commission	Profit Rates / starting from
8.95%	4	Without any Commissions or Fees	4.25%
9.22%	7		4.50%
10.62%	10		5.50%

Examples of the annual profit rates for financing in the Form of IJARAH MUNTAHIA BITTAMLEEK to buy Apartments, Houses, And Lands.

APR	Finance period / year	Granting commission	Profit Rates / starting From
8.55%	7	Without any Commissions or Fees	4.25%
8.29%	15		4.50%
8.3%	25		5.00%

Notes:

Our bank does not charge credit granting or execution commission.
The above profit rates are changeable, and depends on the customer credibility and financing period.
The above profit rates for financing in the form of Murabaha are fixed during the financing period.
Our bank has not raised the rates of return on our existing Ijarah Muntahia Bittamleek customers since granting them the finance.
The effective annual percentage rate calculated above includes mutual insurance installments.
The mutual insurance installments is calculated on the financing amount including profit for Murabaha finance.
The mutual insurance installments for Ijarah Muntahia Bittamleek is calculated on the financing amount excluding Profit.
The annual rate of mutual insurance is 0.5%, to be paid in installments over financing period.

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