According to the book of the Central Bank of Iraq No. 6/5/471 on 27/2/2020 cursed to their book No. 6/5/2355 on 24/9/2019, citizens are financed for the purpose of buying housing units according to the following: –
– The ready-made housing units for the resident employees finance their salaries in the International Islamic Bank exclusively and the housing units within the residential complexes
– The amount of financing per person is about (75) million seventy five million Iraqi dinars
The financing period is 10 years.
– The bank’s commission is 4% annually, 4% annually
The commission of the guarantor companies collects 0.6% of six thousand annually
– The central bank commission shall be paid, 0.7%, seven from a thousand, once for the duration of the financing period.
– Guarantees accept in-kind assets such as real estate, cash deposits with the bank, mortgage of bullion, and gold collection
– For citizens wishing to obtain this financing, open an account with the International Islamic Bank in one of its branches spread in Baghdad (Karbala, Najaf, Basra) according to the principle of Know Your Customer
1. The loaner identification documents.
2. Baghdad Chamber of Commerce ID, or the federation of chambers of industries ID, if available.
3. The electronic form from the loans website of the Council of Ministers that is funded from the Central Bank of Iraq. The bank employee has to organize the applications and issues the form.
4. Filling the form of the banking facilities application with the correct information and signed from the credit manager, the specialized employee and the branch manager.
5. The project under construction pictures.
6. The store lease contract or the location ownership bond.
7. Providing the guarantees such as the bill of the loan amount after verifying all legal conditions from (the loaner department confirmation letter, or estate bond).
8. Written application of the loan amount and period.
9. Providing feasibility survey of the funded project.
10. The municipality council confirmation letter affirming the project existence.
11. Funding the other productive projects like (purchasing the productive cars, taxis and pick-up) should be subjected to the feasibility survey.
For more details, you can visit one of our branches and talk to the concerned employee or call the number 6070 (for international +9646070)
or by mail (marketing.support@imtb.iq)