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In order to provide you with a superior and fast service that meets your expectations, we are pleased to offer Tawaruq Al-Jood from Emirates Bank. This is a Sharia compliant product and pre-approved by Emirates Bank's Sharia Compliance Advisor. Here's how the system works: The Mutawariq (Customer) buys a pre-approved Al-Tawaruq commodity through the bank on credit terms, and authorizes the bank to sell it on his behalf to a third party for cash under a Sharia approved Tawaruq transaction. Commodities are sold at prevailing market prices, on the spot and cash proceeds are then deposited in your account.
With Tawaruq Al-Jood, you can have cash in your account within 48 hours. The product offers a loan of up to SR 1,000,000, which you pay back to the bank in an easy installment basis of up to 60 months. Tawaruq Al Jood Benefits:
- Flexibility and low competitive commission rate
- You can get up to SAR 1,000,000
- Up to 5 years of installment
- Sharea complient.
- Fast processing.
- No guarantor required
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