Kuwait Finance House (KFH) is the first Shariah-compliant and largest Islamic bank globally, founded in 1977. It mainly operates in the Middle Eastern countries, and in 2005, it began operating in Malaysia, with Malaysia being its regional headquarter. KFH offers various financial services for individuals or corporations that are Shariah-compliant.
A personal loan is a financial transaction where a sum of money is borrowed for various purposes by individuals, organisations, or other entities to other persons, organisations, or entities. The borrower must repay the money they borrow over time, usually with interest. Personal loans may be subject to fees from some lenders.
KFH provides 1 type of personal loan, which is Murabahah Personal Financing-i Generic, an unsecured personal loan that applies the “Murabahah Tawarruq” concept with a flat profit rate.
You are eligible to apply for Murabahah Personal Financing-i Generic if you are a:
There are other reasons you should choose Murabahah Personal Financing-i Generic.
Brokerage fees
Proportionate as per the sum of money borrowed
Stamp duty
0.5%
Takaful
Depends on the customer’s profile
You can contact KFH:
Per Annum (p.a.)
The interest rate over one year with the assumption that interest is compounded annually.
Tenure
The period you must repay your loan.
Principal
Principal is commonly known as the loan amount you requested from the bank.
Interest rate
Principal is commonly known as the loan amount you requested from the bank.
Instalment
Instalment is the fixed amount you must repay your personal loan every month until the term expires.
Penalty
A fee that a bank will levy on your overdue amount if you are late with your repayment.
Default
The term used to describe a situation in which a personal loan is not paid off for more than three months.
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