Public Transport Vehicle

• Fully Shariah-compliant financing.
• Financing up to (60%) of the (body + license) value or (100%) of the body only.
• Financing up to JOD (35,000).
• Flexible repayment periods of up to 7 years.
• Grace period of up to 3 months.
• Financing for new and used vehicles.
• Takaful (Islamic Insurance) coverage in case of death or total/partial disability. 
• Ability to grant Jordanians, non-resident Jordanians, and taxi offices.
• Competitive Murabaha rates.
• Fast procedures.

• Valid National ID for Jordanians.
• Certified residency permit or employment contract for Jordanians residing abroad.
• Commercial registration and business license for taxi office owners.
• Vehicle price quotation.

*The company reserves the right to request any additional documents if needed.

Terms & Conditions:

• Applicant age must be between 22 and 70 years, and not exceed 65 years at the time of approval.
• The taxi office must have been operating for at least (1) year.
• (Local loss insurance) for the vehicle is mandatory.
• The vehicle age must not exceed (11) years at the end of the financing term.
• Financing is available for new vehicles of the current year, the previous year, and the following year.
• Used vehicles must not exceed (5) years of age at the time of approval.
• Vehicle inspection and valuation must be conducted at one of the Specialized Islamic Finance company approved centers.
• The inspection result for used vehicles must be Grade 3 (Good) or higher.
• The client and/or one of the guarantors must hold a public driving license.
• The vehicle must be mortgaged in favor of the Specialized Islamic Finance company.
• The vehicle license sticker (Taba‘a) must be registered in the Capital Governorate.

*Subject to the product’s terms and conditions.