Ijara Mountahia Bi Tamlik Real Estate / Enterprises
Would you like to purchase a commercial or industrial property?
Choose the new financing solution, 'Ijara Mountahia Bi Tamlik Real Estate/Enterprises', from CPA, which is in compliance with Sharia principles.
What is Ijara Mountahia Bi Tamlik Real Estate/Enterprises?
'Ijara Mountahia Bi Tamlik Real Estate/Enterprises is a financing method whereby the bank acquires a property (including land) for commercial or industrial use, selected by the enterprise, and leases it to them in exchange for a pre-agreed, fixed rent.
At the end of the agreed period, the bank gives the company the option to purchase the property at a nominal price.
Who is eligible?
The 'Ijara Mountahia Bi Tamlik Real Estate/Enterprises' financing is intended for companies established in Algeria.
What are the advantages of this financing?
- Compliant with Sharia principles
- The rent is known and agreed upon in advance.
- A deferment period can be granted at the beneficiary’s request, beginning from the date of signature of the minutes stating that the property is made available to the client.
- The enterprise has the option, at the end of the leasing period, to purchase the property at a nominal price.
What amount can be financed?
The financing amount can reach up to 100% of the price of the real estate to be acquired and is mainly determined by the enterprise’s borrowing capacity.
For how long?
The maximum duration of the 'Ijara Mountahia Bi Tamlik Real Estate/Enterprises' cannot exceed fifteen (15) years, including the deferment period, which is set based on the beneficiary company’s repayment capacity.
Deferment period:
This is granted at the beneficiary enterprise's request.