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Tourism Vehicle

Tourism Vehicle

For tourism business owners and transport companies, our Tourism Vehicle Financing offers a flexible, Shariah-compliant solution to finance the vehicles that support and grow your business.

Features

  • Fully Shariah-compliant financing. 
  • Financing up to (70%) of the vehicle’s value.
  • Financing up to JOD (35,000).
  • Flexible repayment periods of up to 4 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.
  • Possibility of granting the company more than one vehicle.
  • Financing for new vehicles only.
  • Competitive Murabaha rates.
  • Fast procedures.

Requirements Documents

  • Commercial registration issued within the last month and a valid business license.
  • Vehicle price quotation(s).

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

Terms & Conditions:

  • The vehicle rental company must have been operating for at least (1) year.
  • Comprehensive vehicle insurance is mandatory.
  • Vehicle age must not exceed 5 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.
  • Vehicle inspection and valuation must be conducted at one of the Specialized Islamic Finance company approved centers.
  • The vehicle must be mortgaged in favor of the Specialized Islamic Finance company.

*Subject to the product’s terms and conditions.

Tourism Vehicle