Features

  • Financing available for new home appliance
  • Up to 12 months repayment period
  • Financing from minimum of $500
  • Amal Bank’s Murabaha Home Appliance financing is Shariah compliant and:

Affordable

  • Competitive financing rate
  • Longer repayment period
  • Option of family/partner program

Quick & Easy

  • Relatively less documentation
  • Simplified procedures
  • Processing period of 3-5 business days

Convenient

  • Convenient branch locations
  • Friendly and flexible customer service
  • Easy online banking
  • Option for automatic deduction from your current/savings account.

Requirements

  • Maintain an active account with Amal Bank
  • Proof of residency and income
  • Salaried employee, Self-employed professional or Self-employed businessperson
  • Minimum age of 21 at the date of application
  • A non-refundable $10 application processing fee required
  • A guarantor to act as a co-signor