- The bank covers the costs of financing household electrical appliances to become accessible to customers in easy installments and under easy financing terms and conditions.
- The Product Purpose:
- Finding the appropriate financing within the provisions of Islamic Sharia for the costs of financing household electrical appliances to become accessible to everyone in easy premiums and easy terms and conditions.
- Finding a competitive product among banks that would attract a large segment of society and through which the rest of our products are spread.
- Disseminating and spreading the bank’s name to most segments of society.
- Household electrical appliances are consumer goods that need to be constantly replaced and developed, that is, it is a commodity in great demand.
- Target Groups:
- Employees or Retirees.
- Freelancers.
- Financing Percentage: 100% of the value of the cost of household electrical appliances.
- Age of the Customer or Sponsor: From 18 Years to 63 Years
- Financing Ceiling:
- Minimum = 500 Thousand Iraqi Dinars
- Maximum = 3 Million Iraqi Dinars
- Financing Term: Maximum of 12 months
- Profit Rate: 15%
- Example:
| Financing Amount | Profit Rate | Financing Term Month | Total Financing Including Profit | Monthly Premium | Total Financing Profit |
| 2,500,000 | 15% | 12 | 2,875,000 | 239,583 | 375,000 |
| Except for the administrative and operational commissions charged to the bank |