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Retail

Autofinance” is a Sharia compliant finance granted to customers (Kuwaitis and Expats) with the purpose of purchasing a new or used car from dealerships or from any vendor of their choice including light and heavy commercial vehicles

Features & benefits:

  • Maximum 15 times the monthly salary or KD 15,000 whichever is lower

  • Maximum finance period is 60 months

  • Available for Kuwaitis and Expatriates

  • Available for individual and commercial customers

  • No minimum indemnity required

  • Down payment or guarantor is not compulsory

  • Direct payment to supplier

  • Prompt credit approvals and issuance of purchase orders

  • Various modes of payments are available including bank standing instructions, online payments through our website, smart phones application and kiosk

How to apply:

Visit our Head office at Jassem tower in Al Soor Street or any of our representatives in Kuwait’s car showrooms and bring along the following documents:

  • Copy of civil id

  • Copy of passport for Expatriates

  • Original salary certificate

  • Copy of Ministry of Social Affairs authorized signatory

  • Copy of work permit

  • Bank statement for the last three months

Tawaroq Finance” is a Sharia compliant finance granted to customers (Kuwaitis and Expats) to cover any of their personal expenses, varying from consumable goods (cars, boats, appliances, furniture, etc) to real estate purchase or current customer residence refurbishment. “Tawaroq Finance” can also be used to cover medical and educational expenses.

Features & benefits:

  • Available for Kuwaitis and Expatriates

  • No minimum indemnity required

  • Guarantor is not compulsory

  • Various modes of payments are available including bank standing instructions, online payments through our website, smart phones application and kiosk

How to apply:

Visit our Head office at Jassem tower in Al Soor Street and bring along the following documents:

  • Copy of civil id

  • Copy of passport for Expatriates

  • Original salary certificate

  • Copy of Ministry of Social Affairs authorized signatory

  • Copy of work permit

  • Bank statement for the last three months