Education Service Ijarah Finance

Education Service Ijarah Finance

We finance the service you need according to your requirements, for the purpose of education within a period of time and in regular installments. This can be provided through a service provider such as universities, which sells these services to the bank and the bank assigns these services to you through a signed service lease agreement that states the required service, time period and the agreed rental (installment).

    • 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,
    • Salary transfer is mandatory,
    • Maximum financed amount is BD3,000/- per single transaction, and with total consumer finance exposure of BD100,000/- per each customer.
  • Applying for an Education Service Ijarah Finance is easy. If you’re 21 years old or above, all you need to do is complete the application form below and either submit it online or bring it to any Al Baraka branch, along with the required documents.

  • Required Documents

    • 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

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