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Individual Financing

Overview

A Shariah Compliant Financing for acquiring assets/items for personal use by purchasing the assets/items required by customer from agreed suppliers and sell the same to customer on profit using Murabaha Contract.

Hajj and Umrah Financing

Hajj & Umrah financing is a special Shariah Compliant facility given by  CRDB Bank to its customers who wish to perform Hajj or Umrah (Pilgrimage) in the sacred city of Makkah. This financing gives you an opportunity to fulfill an obligatory act of worship with a flexible repayment period of up to three years.

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  • Shariah compliant financing
  • Finance is given to the employed, self-employed and retirees customers
  • Employed customers can get financing of up to 80% of Hajj or Umrah costs
  • Self employed customers can get financing of up to 50% of Hajj or Umrah costs
  • Maximum payment period: 3 years
  • Maximum amount of finance per person; TZS 30 million
  • You get peace of mind because financing is Shariah compliant
  • You get opportunity to perform Hajj or Umrah at your convenience
  • You can make payment through gradual payments that meet your financial budget
  • Maintain account with CRDB Al Barakah
  • Aged between 18 and 80 years
  • Employed Customers must deposit minimum of 20% of the Hajj or Umrah cost
  • Self employed Customers must deposit minimum of 50% of the Hajj or Umrah cost
Personal Financing

A Shariah Compliant Financing for acquiring assets/items for personal use by purchasing the assets/items required by customer from agreed suppliers and sell the same to customer on profit using Murabaha Contract.

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 Underlying Contract is Murabaha.

 Assets/items must Shariah Compliant.

 Finance of movable or immovable Asset/item

 Finance for both, Salary Based Government related entities, and Private entities.

 Tenor: up to seven years for government employees and up to five years for private entities employees.

 Maximum grace period: 2 months

 Offered to Salaried individuals

 Shariah Compliant Financing.

 Fulfil your needs or dreams.

 Existence of registered business for not less than a year

 Supportive cashflow

 Adequate security coverage.

 Open Account and pass the Salary through CRDB Al Barakah Banking.

  • Underlying Contract is Murabaha.
  • Assets/items must Shariah Compliant.
  • Finance of movable or immovable Asset/item
  • Finance for both, Salary Based Government related entities, and Private entities.
  • Tenor: up to seven years for government employees and up to five years for private entities employees.
  • Maximum grace period: 2 months
  • Offered to Salaried individuals

  • Shariah Compliant Financing.
  • Fulfil your needs or dreams.

  • Existence of registered business for not less than a year
  • Supportive cashflow
  • Adequate security coverage.
  • Open Account and pass the Salary through CRDB Al Barakah Banking.

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