{"id":7743,"date":"2023-05-22T00:23:51","date_gmt":"2023-05-22T00:23:51","guid":{"rendered":"https:\/\/hafidoune-academy.com\/fi-en\/?page_id=7743"},"modified":"2023-05-22T00:32:37","modified_gmt":"2023-05-22T00:32:37","slug":"ijara","status":"publish","type":"page","link":"https:\/\/www.bdl.dz\/finance-islamique\/en\/ijara\/","title":{"rendered":"ijara"},"content":{"rendered":"\t\t
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\r\n IJARA Mountahia bi Tamlik<\/span>\r\n <\/i>\r\n <\/h3>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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What is it<\/strong>\u00a0?<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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It is an agreement by which the Bank (the Lessor) transfers to its client (the Lessee) the enjoyment of real estate for an agreed period, in return for rents, and accompanied by a procedure for the transfer of ownership at the end of the rental period.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Population concerned:<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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<\/i><\/div>\r\n \t
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\r\n\t \t\tAny natural person of Algerian nationality aged 65 or less.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Funding amount:<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\r\n\t \t\tThe maximum amount of Ijara acquisitive financing for individuals (Mountahia bi Tamlik) is 65,000,000 DA.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Associated products :<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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<\/i><\/div>\r\n \t
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\r\n\t \t\tPersonal cheque account.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n
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Funded projects:<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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<\/i><\/div>\r\n \t
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\r\n\t \t\tAcquisition of new finished promotional housing, or individual housing from a public or private real estate development company;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\t Acquisition of a dwelling or an individual dwelling from an individual (P.A.P).\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Profit margin:<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The profit margin to be applied in the context of Ijara mountahiya bitamlik real estate financing for individuals is:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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<\/i><\/div>\r\n \t
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\r\n\t \t\t5.75% (investor);\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\t6.25%(Non-investor).\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Funding period\u00a0:<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\r\n\t \t\tThe Funding period for the acquisition of a home cannot be less than five (05) years and more than twenty-five (25) years.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n <\/div>\n <\/section>\n <\/div>\n <\/div>\n <\/div>\n <\/section>\n
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\r\n FAQ<\/span>\r\n <\/i>\r\n <\/h3>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n <\/div>\n <\/section>\n
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\r\n What is Ijara Mountahiya Bitamlik BDL real estate?<\/a>\r\n <\/div>\r\n
The Ijara Mountahia Bittamlik to individuals is an agreement by which the Bank (here called Lessor) transfers to his customer (Lessee) the enjoyment of real estate for an agreed period, in return for rents, and accompanied by a transfer procedure of ownership at the end of the rental period.<\/div>\r\n <\/div>\r\n
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\r\n What are the types of real estate supported by Ijara Mountahiya Bitamlik real estate BDL?<\/a>\r\n <\/div>\r\n
Acquisition of new residential property from a developer, or old property (from an individual).
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\r\n What are the Financing conditions of Ijara Mountahiya Bitamlik BDL real estate?<\/a>\r\n <\/div>\r\n
The applicant for Ijara real estate must meet the following eligibility conditions :
\n1.\tof Algerian nationality;
\n2.\tBeing resident or not in Algeria;
\n3.\tBe of legal majority and have legal capacity on the date of the funding request;
\n4.\tBe at most 65 years old,
\n5.\tJustify a stable income, equal to at least one and a half times (1.5) the SNMG. This income can be increased by additional income weighted up to 50%;
\n6.\tFor non-residents, provide proof of a stable monthly income authenticated by the Algerian Embassy or Consulate in the country of residence, in foreign currency, equivalent to two thousand (2,000) Euros, at least;
\n7.\tDeposit Hamich Djediya (a security deposit) of at least 10% of the property price;
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\r\n What is the amount of Ijara Mountahiya Bitamlik real estate BDL?<\/a>\r\n <\/div>\r\n
The maximum amount of Ijara financing is 65,000,000 DZD, it is determined according to:
\n1.\tThe monthly indebtedness capacity of the customer and the co-debtor (co-tenant) or the guarantor;
\n2.\tThe selling price of the accommodation;
\n3.\tFrom the age of the client, and in the case of the existence of a roommate or surety, the most advanced age is taken.
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\r\n What is the maximum rent level accepted in the financing of the Ijara Mountahiya Bitamlik real estate BDL?<\/a>\r\n <\/div>\r\n
The maximum level of rent is set according to the cumulative income of the customer (lessee) and his possible co-tenant, according to the scenarios listed below:
\n1.\t1. 30% of the cumulative monthly income, if the latter is less than 3 times the SNMG;
\n2.\t2. 45% of the cumulative monthly income, if the latter is equal to or greater than 3 times the SNMG and less than 6 times the SNMG;
\n3.\t. 50% of the cumulative monthly income, if the latter is equal to or greater than 6 times the SNMG.
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\r\n What are thericing p conditions applied in Ijara Mountahiya Bitamlik real estate BDL financing?<\/a>\r\n <\/div>\r\n
1.\tProfit rate: 5.75% (saving client), 6.25% (non-saving client)
\n2.\tMaximum amount: 65,000,000 Da
\n3.\tFile management fees: 0.00 DA
\n4.\tNotification fees: 0.00 DA
\n5.\t. Penalty on advance payment: 0.00 DA (Possibility of discount on the remaining profit in the case of total paymen)
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\r\n What is the duration of the financing of the Ijara Mountahia Bitamlik real estate BDL?<\/a>\r\n <\/div>\r\n
The rental period varies between 05 and 25 years.<\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n <\/div>\n <\/section>\n \t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

IJARA Mountahia bi Tamlik What is it ? It is an agreement by which the Bank (the Lessor) transfers to its client (the Lessee) the enjoyment of real estate for an agreed period, in return for rents, and accompanied by a procedure for the transfer of ownership at the end of the rental period. Population concerned: Any natural person of Algerian nationality aged 65 or less. Funding amount: The maximum amount of Ijara acquisitive financing for individuals (Mountahia bi Tamlik) is 65,000,000 DA. Associated products : Personal cheque account. Funded projects: Acquisition of new finished promotional housing, or individual housing from a public or private real estate development company; Acquisition of a dwelling or an individual dwelling from an individual (P.A.P). Profit margin: The profit margin to be applied in the context of Ijara mountahiya bitamlik real estate financing for individuals is: 5.75% (investor); 6.25%(Non-investor). Funding period : The Funding period for the acquisition of a home cannot be less than five (05) years and more than twenty-five (25) years. FAQ What is Ijara Mountahiya Bitamlik BDL real estate? The Ijara Mountahia Bittamlik to individuals is an agreement by which the Bank (here called Lessor) transfers to his customer (Lessee) the enjoyment of real estate for an agreed period, in return for rents, and accompanied by a transfer procedure of ownership at the end of the rental period. What are the types of real estate supported by Ijara Mountahiya Bitamlik real estate BDL? Acquisition of new residential property from a developer, or old property (from an individual). What are the Financing conditions of Ijara Mountahiya Bitamlik BDL real estate? The applicant for Ijara real estate must meet the following eligibility conditions : 1. of Algerian nationality; 2. Being resident or not in Algeria; 3. Be of legal majority and have legal capacity on the date of the funding request; 4. Be at most 65 years old, 5. Justify a stable income, equal to at least one and a half times (1.5) the SNMG. This income can be increased by additional income weighted up to 50%; 6. For non-residents, provide proof of a stable monthly income authenticated by the Algerian Embassy or Consulate in the country of residence, in foreign currency, equivalent to two thousand (2,000) Euros, at least; 7. Deposit Hamich Djediya (a security deposit) of at least 10% of the property price; What is the amount of Ijara Mountahiya Bitamlik real estate BDL? The maximum amount of Ijara financing is 65,000,000 DZD, it is determined according to: 1. The monthly indebtedness capacity of the customer and the co-debtor (co-tenant) or the guarantor; 2. The selling price of the accommodation; 3. From the age of the client, and in the case of the existence of a roommate or surety, the most advanced age is taken. What is the maximum rent level accepted in the financing of the Ijara Mountahiya Bitamlik real estate BDL? The maximum level of rent is set according to the cumulative income of the customer (lessee) and his possible co-tenant, according to the scenarios listed below: 1. 1. 30% of the cumulative monthly income, if the latter is less than 3 times the SNMG; 2. 2. 45% of the cumulative monthly income, if the latter is equal to or greater than 3 times the SNMG and less than 6 times the SNMG; 3. . 50% of the cumulative monthly income, if the latter is equal to or greater than 6 times the SNMG. What are thericing p conditions applied in Ijara Mountahiya Bitamlik real estate BDL financing? 1. Profit rate: 5.75% (saving client), 6.25% (non-saving client) 2. Maximum amount: 65,000,000 Da 3. File management fees: 0.00 DA 4. Notification fees: 0.00 DA 5. . Penalty on advance payment: 0.00 DA (Possibility of discount on the remaining profit in the case of total paymen) What is the duration of the financing of the Ijara Mountahia Bitamlik real estate BDL? The rental period varies between 05 and 25 years.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-7743","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.bdl.dz\/finance-islamique\/en\/wp-json\/wp\/v2\/pages\/7743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bdl.dz\/finance-islamique\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bdl.dz\/finance-islamique\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bdl.dz\/finance-islamique\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bdl.dz\/finance-islamique\/en\/wp-json\/wp\/v2\/comments?post=7743"}],"version-history":[{"count":0,"href":"https:\/\/www.bdl.dz\/finance-islamique\/en\/wp-json\/wp\/v2\/pages\/7743\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bdl.dz\/finance-islamique\/en\/wp-json\/wp\/v2\/media?parent=7743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}