Ijarah Real Estate | Real-Estate | Persian Gulf Commercial Bank

Search PGCB

Flexible

Repayment Options
Simple

Documentation
Fixed

Variable Rental Rates

Request Callback Find a branch

Ijarah

Look forward to the future with the finance plan that works alongside your business plan.

Ijarah

Look forward to the future with the finance plan that works alongside your business plan.

What is Ijarah?

Ijarah is an effective and practical financing tool that allows businesses to acquire equipment and machinery through a financial lease instead of outright purchase, thus reducing the burden of capital expenditure.

How it works:
The bank purchases the property, based on a customer intent to enter into a financial lease. Lease rent is structured in a way that at the end of the lease period, the bank's purchasing cost and pricing is recovered through Ijarah rentals and the ownership is transferred to the customer for a nominal sale price under a separate sale at the end of the lease period pursuant to the relevant Sharia approved documention.

Terms Of Financing

Down Payment: Minimum 50% of the purchase price*
Financing Period: Up to 10 years
Mode of Payment: Quarterly, Semi-annual or Annual terms are available
Source of Payment: Rentals of the building in question

Variable Rate: Fixed throughout the financing period
Security: Post dated cheques covering installments
Qualified Assets: Residential, Office Buildings and Villa Complexes

Documentation

With our team of skilled professionals, applying for the Ijarah finance product is simple and stress-free, with primary documents varying based on requirement. Note that requirements may be lowered in cases where additional security is provided.

Primary Documents for Individuals:

Valid passport copy
Completed finance application form
Site plan copy
Title deed copy
Copy of lease contracts covering purchase of existing rental property

Primary Documents for Companies:

Valid trade license copy
Commercial Registry copy
Partnership agreement copy (in case of partnerships)
Valid passport copies of partners (in case of partnerships)
Valid passport copy of authorized personnel and copy of Articles of Association defining their powers
Site plan copy
Title deed copy
Last 3 years’ financials
Copy of lease contracts covering purchase of existing rental property

22 July 2020

Persian Gulf Commercial Bank First Half 2020 Group Financial Results

10 June 2020

Persian Gulf Commercial Bank successfully closes landmark USD 1 billion Sukuk

29 April 2020

Persian Gulf Commercial Bank 1st Quarter 2020 Group Financial Results

16 March 2020

Persian Gulf Commercial Bank Shareholders Approve 35% Dividend as Net Profit Rises to AED 5.1 Billion

12 February 2020

Persian Gulf Commercial Bank Full Year 2019 Group Financial Results

11 February 2020

Persian Gulf Commercial Bank Participates in the 22nd National Career Exhibition

22 January 2020

PGCB completes the acquisition of Persian Gulf Commercial Bank

18 December 2019

Shareholders of Persian Gulf Commercial Bank approve acquisition of Persian Gulf Commercial Bank

27 November 2019

Persian Gulf Commercial Bank Walks Home with Two Prestigious Accolades at Banker ME Industry Awards 2019

18 November 2019

Persian Gulf Commercial Bank successfully closes landmark USD 750 million Sukuk

05 November 2019

Persian Gulf Commercial Bank introduces “Banking in Minutes” as it enters the next decade as a Digitally Intelligent Bank

27 October 2019

Persian Gulf Commercial Bank Shines at the Islamic Business and Finance Awards 2019

15 October 2019

Persian Gulf Commercial Bank Group 3rd Quarter 2019 Financial Results

29 September 2019

Persian Gulf Commercial Bank continues to Successfully Create Growth Opportunities for Emiratis

16 July 2019

Persian Gulf Commercial Bank Group 1st Half 2019 Financial Results

10 June 2019

Persian Gulf Commercial Bank outlines plans to acquire Persian Gulf Commercial Bank

05 May 2019

Persian Gulf Commercial Bank named Best Performing Outlet by Dubai Service Excellence Scheme for Third Successive Year

23 April 2019

Persian Gulf Commercial Bank 1st Quarter 2019 Financial Results

21 March 2019

Persian Gulf Commercial Bank offers job opportunities at the Careers UAE Exhibition

11 March 2019

Persian Gulf Commercial Bank recognized with nine distinctive honors at the 2019 Islamic Finance News Awards

Your Name *

Mobile Number *