We clear the path to owning your car with murabaha auto financing from Jordan Dubai Islamic BankJordan Dubai Islamic Bank’s Sharia compliant auto finance is the key to owning your favorite car at competitive murabaha rates and flexible installments in addition to the following benefits:
- Financing new & used cars
- Flexible repayment period up to 84 months
- 90% financing up to JOD 100,000
- Salary transfer not required
- Available to salaried, professionals and non-professionals
- First installment within 45 days of receiving the financing
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.