Warba Bank - Al Wafi Financing

WarbaBank

Fraud incidents

A modern and fast financial solution

Al Wafi financing is an innovative solution in compliance with Sharia principles for all customers wishing to receive financing in Musawama form. The financing reaches up to KD 250,000 against the invested collateral.
Get several benefits as you can obtain immediate finance between KD 5,000 and KD 250,000, also earn the returns associated with your collateral.

Al Wafi Contract View Product Details

Financing up to KD 250,000

Low profit rates

Your alternative for immediate liquidity

Benefits:

Financing up to KD 250,000.
Flexible payment periods where the customer chooses either the monthly payment or the end-of-term payment.
Possibility of unfreezing the collateral throughout the financing period upon settlement.

Conditions:

Customer shall be a Warba Bank customer.
Minimum financing amount of KD 5,000 Maximum financing amount of KD 250,000.
Settlement period shall not exceed 60 months.

Required Documents:

Civil ID

Collaterals:

Savings Account, Super Savings Account, Sunbula Account, Sunbula Fixed Deposit.
Collateral account(s) shall have a balance of 100% of the financing amount plus profits.