Warba Bank - Ijara ending with ownership transfer for usufruct on industrial plots

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Enhance the role of the industrial sector in supporting the economy

The industrial sector is booming in Kuwait as it plays a vital role in boosting the national economy. Join this revolution, achieve the industrial vision and increase the sector’s competitiveness. Believing in the new strategy of the Kuwaiti Public Authority for Industry, Warba Bank offers the ijara ending with ownership transfer for usufruct on industrial plots. This product is intended for trading or investing the usufruct on industrial plots leased from the State. The bank buys, at your request, the usufruct on the industrial plot from its owner (the seller) and re-leases it to you under a contract of ijara ending with ownership transfer.

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Application Conditions

The industrial plot should be inside Kuwait with a valid lease contract with the State properties.
Recent assessment of the industrial plot by two approved real estate appraisers.
Down payment not less than 50% (adjustable according to the decision of the competent credit committees at the bank).
Sources of cash flows and financial position.