Medical Ijara Finance

Medical Ijara Finance

Medical Ijara finance aims to support patients in Bahrain to obtain their medical needs from local hospitals and clinics, the service has a low profit rate and a repayment term of up to 3 years for patients looking to ease their Medical payments.

    • Maximum financed amount is BD3,000/- per single transaction, and with total consumer finance exposure of BD100,000/- per each customer
    • Very low profit rate 1% 
    • Tenor of 3 years
    • Sharia Compliant
  • ·         Minimum Age is 21 Years & Maximum age of 70 at maturity of finance subject to availability of life insurance

    ·         Finance duration is up to (3) three years

    ·         Profit rate starting from 1%

    ·         Salary transfer is mandatory

  • ·         Get a quotation from the medical entity in the name of Al Baraka Islamic Bank

    ·         Two valid ID’s (Valid residence permit for expatriates)

    ·         Latest Pay Slip / Salary Certificate

    ·         Bank statement for the last 3 months (6 months for self-employed Individuals)

    ·         Valid Commercial Registration for self-employed Individuals

    ·         After obtaining the approval, the bank will purchase the services from the medical entity and rent it to the customer (patient)