Military Credit Fund Launches "Stock Murabaha" Financing
Amman1 min read
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The Military Credit Fund has launched a new product called "Stock Murabaha Financing" within personal financing in the Murabaha format, which is compliant with Islamic Sharia law, as part of its ongoing efforts to develop financial solutions that meet the needs of members and retirees of the Jordanian Armed Forces and security agencies.
The product allows the beneficiary to obtain stock Murabaha financing through the Military Credit Fund acquiring the shares and then financing them to the beneficiary in the Murabaha format, according to the terms and conditions.
Stock Murabaha financing is characterized by greater flexibility to meet the needs of the beneficiary, a repayment period of up to 6 years, and a competitive profit rate. The financing application is submitted electronically through the bank application or by visiting one of the Fund's branches.
This new financing comes within the framework of the Fund's approach to expanding the range of financial solutions it provides and developing its digital services to enhance ease of access.
