Ramadan
27, 1431 A.H
Tuesday
, September 07, 2010
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Islami Auto Ijarah
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Ijarah Concept
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FAQs
Vehicle Amount
Ijarah Period (Years)
3
4
5
Security Deposit (In %)
Select Deposit %
20
21
22
23
24
25
26
27
28
29
30
31
32
33
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35
36
37
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49
50
Takaful (Kindly refer to the table given below)
2.95%
3.15%
3.9%
5.25%
5.5%
Monthly Rental
Note: This amount is for Ready delivery
Takaful Rates
S.No
Description
For Private Car Comprehensive
Without Tracker (Net Rates)
With Tracker (Net Rates)
1
For vehicles up to Rs. 2,000,000/- Excluding 4 x 4 and Diesel vehicles. (Where client exonerate the bank from installing tracker)
3.90%
3.15%
2
For vehicles above Rs. 2,000,000/- Including 4 x 4 and Diesel vehicles. (Where client exonerate the bank from installing tracker and himself arranges for tracker)
2.95%
3
For vehicles as well as second hand/used vehicles including 4 x 4 and diesel vehicles. (Tracker will be arranged by bank)
Up to 1000 C.C = 5.5%,
Above 1000 C.C. = 5.25%
Note:
If vehicle is above 600,000 tracker is compulsory as per bank policy
Tracker is compulsory in case 2 as per the policy of insurance company.
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