With Cihan Bank, you can receive an easy car financing free of any interest-based transaction. Whether it is a taxi, or a private car… We have agreements with several car dealers. We purchase the auto product from these dealers on your behalf, and you repay the bank with an installment duration that extends from 12 months to 18 or 24 or 36 months, agreed on at the time of the contract. Depending on a “Murabaha” basis, we guarantee that you buy the vehicle and equipment you want the way you want.
Below you can find the current Murabaha Cars facilities which we provide to our customers. Please visit our bank for further information.
1. Murabaha Taxi Cars:
● Charges
● 5,000IQD (Opening Account fee)
● 100$ Minimum Balance
● 75,000IQD (reserving collateral fee)
● 60,000IQD per year (car insurance fee)
● Installment duration: 12 months, 18 months, 24 months or 36 months
2. Murabaha Private Cars:
● Charges
● 5,000IQD (Opening Account fee)
● 100$ Minimum Balance
● 75,000IQD (reserving collateral fee)
● 60,000IQD per year (car insurance fee)
● Installment duration= 12 months, 18 months, 24 months or 36 months