Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Ithmaar Bank - Personal Finance Ithmaar Bank - Personal Finance Minimum Salary: BHD 400 Salary Transfer: No Islamic Finance: Yes Maximum Term: 7 Years Flat Rate: 2.89% Reducing Rate: 5.2%
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Ithmaar Bank’s Sharia-compliant financing services are designed to help you reach your goals whatever the circumstances. Ithmaar Personal Finance provides fast and easy access to finance, allowing you to meet your various personal needs. Sharia-compliant personal financing covers, for example, marriage, travel, education, furniture and home appliances, building materials, maintenance and repair work. In addition, Ithmaar’s unique car financing helps you get behind the wheel.

Apply for Ithmaar Personal Finance now and get your plans off the ground!

Features & Benefits:
  • Available to salaried individuals, self-employed professionals, small business owners, retirees and GCC Nations.
  • Available to all nationalities
  • Financing of up to BD 200,000, depending on the customer segment
  • Access to a full suite of Sharia-compliant banking services
  • Attractive profit rates
  • Up to 84-months tenor, depending on the customer segment
  • 3-month grace period option
  • Life Insurance Takaful
The Facilities may be extended to individuals residing and working in the Kingdom of Bahrain. This includes the following:
  • Salaried Individuals: These are natural persons who have permanent stable jobs and receive regular monthly salaries
  • GCC Nationals working in Bahrain for a period not less than 12 months at the time of application
  • Business Owners: Entrepreneurs own legitimate business entities in Bahrain, either solely or in partnership with other individuals. This includes “Self Employed Professionals” such as medical doctors, architects and lawyers working for their own account under a recognized legal commercial entity
  • Retired Individuals: Individuals who are not actively employed but are covered by recognized retirement plans such as Social Insurance Organization and/or similar military plans. Individuals who have sought early retirement but continue working for a recognized employer will be consider as “Salaried Individual”
  • High Net Worth Individuals: Individuals as defined in our Private Banking Policy.
Eligibility:

Minimum Salary:
  • Bahraini: BD 400
  • Expats: BD 450
  • GCC National: BD 450
  • Early Retired: BD 400
  • Business Owners: BD 2000
  • Age Criteria: Above 21 - 60 years
Documents Required:
  • Valid Id
  • Original Passport
  • Salary Certificate
Representative example:

If you borrow BHD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – BHD 297.50 | Total charge for credit – BHD 710 | Total amount you repay – BHD 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
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