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    alburaq Personal Finance

alburaq Personal Finance Picture

alburaq Personal Finance

 

alburaq Personal Finance is a Shari'a-compliant financing solution, designed to support important personal goals through a convenient digital experience.

 

Whether you're planning a major purchase, home improvements, education expenses, travel plans, or other personal commitments, you can apply, sign, and complete the entire financing journey through the ila Bank app.

Financing designed around your needs

Key Features

  • Financing starting from BHD 1,000

  • Shari'a-compliant financing structured under Commodity Murabaha

  • Flexible repayment terms

  • Fully digital application journey through the ila Bank app

  • Electronic signing through DocuSign

  • Track your application and financing details directly through the ila Bank app

Eligibility

Minimum age

  • 21 years

Maximum age at facility maturity

  • Bahrainis: 65 years

  • Non-Bahrainis: 60 years

Minimum gross monthly income

  • Bahrainis: BHD 400

  • Non-Bahrainis: BHD 1,000

  • Self-employed: BHD 2,000

Available to salaried, self-employed, and pensioner customers

Minimum employment period

  • 3 to 6 months, depending on employer category

How to apply - alburaq Personal Finance

 

 

How to apply?

Apply directly through the ila Bank app.
Upload your income documents, and a Salary Transfer Letter. Once your application is submitted, documents are signed electronically through DocuSign. Once approved, the financing amount will be credited to your primary alburaq BHD account.
For details on applicable fees and charges
alburaq Personal Finance FAQs

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