Transcription of ISLAMIC BANKING
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ISLAMIC BANKING
House Financing-iISLAMIC BANKINGH ouse Financing-iA consumer education programme by:1 Introduction2 What is house financing-i?How house financing-i works3 Property under construction4 Tips when buying a property5 Where can I get house financing-i?6 Financing applications: Documents required7 Fees and charges8 Margin of financingFinancing tenureFinancing featuresCommon house financing-i packages10 Graduated payment scheme Prepayment flexibility Early redemption rebate Early redemption charges11 Compensation charge Documentation12 Valuation report Takaful ( ISLAMIC insurance)13 Disbursement of financing14 Rights and duties 16 Frequently asked questions 24 Glossary 28 Appendix contents DisclaimerThis document is intended for your general informationonly.
Introduction Purchasing a property is one of the many important decisions that one makes in life. Islamic banking institutions provide financing for those who want to purchase a
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