Product |
Murabaha Rate |
Payment Period |
Variable Rate |
Effective Annual Percentage Rate |
An Actual Example to Calculate The Actual Rate Of a Product |
minimum rate |
the highest rate by customer category |
minimum rate |
the highest rate by customer category |
minimum rate |
the highest rate by customer category |
Personal Finance |
5.75% |
7.00% |
1 |
10.299% |
12.496% |
12.204% |
14.412% |
amount = 100,000 JD |
5.75% |
7.00% |
2 |
10.528% |
12.729% |
11.537% |
13.748% |
fixed rate = 5.75% |
5.75% |
7.00% |
3 |
10.494% |
12.649% |
11.188% |
13.352% |
variable rate =10.299% |
5.75% |
7.00% |
4 |
10.397% |
12.498% |
10.930% |
13.040% |
payment period 1 year |
6.00% |
7.25% |
5 |
10.695% |
12.730% |
11.132% |
13.176% |
extra cost ( 1% of financing values paid once granted) |
6.00% |
7.25% |
6 |
10.564% |
12.547% |
10.936% |
12.928% |
when applying the approved formula of the central bank of jordan the Effective annual percentage rate is |
6.00% |
7.25% |
7 |
10.435% |
12.369% |
10.760% |
12.703% |
%12.204(Effective APR) |
Financing of Shares |
6.00% |
7.25% |
1 |
10.740% |
12.934% |
12.647% |
14.851% |
amount = 100,000 JD |
6.00% |
7.25% |
2 |
10.970% |
13.166% |
11.981% |
14.186% |
fixed rate = 6% |
6.00% |
7.25% |
3 |
10.928% |
13.075% |
11.624% |
13.780% |
variable rate=10.74% |
6.00% |
7.25% |
4 |
10.821% |
12.912% |
11.356% |
13.456% |
payment period 1 year |
6.25% |
7.50% |
5 |
11.106% |
13.131% |
11.546% |
13.578% |
extra cost ( 1% of financing values paid once granted) |
6.25% |
7.50% |
6 |
10.966% |
12.937% |
11.340% |
13.320% |
when applying the approved formula of the central bank of jordan the Effective annual percentage rate is |
6.25% |
7.50% |
7 |
10.827% |
12.748% |
11.154% |
13.084% |
%12.647(Effective APR) |
Auto Finance |
4.75% |
5.75% |
1 |
8.531% |
10.299% |
10.428% |
12.204% |
amount = 100,000 JD |
4.75% |
5.75% |
2 |
8.745% |
10.528% |
9.747% |
11.537% |
fixed rate = 4.75% |
4.75% |
5.75% |
3 |
8.740% |
10.494% |
9.427% |
11.188% |
variable rate =8.531% |
4.75% |
5.75% |
4 |
8.680% |
10.397% |
9.206% |
10.930% |
payment period 1 year |
5.25% |
6.25% |
5 |
9.446% |
11.106% |
9.879% |
11.546% |
extra cost ( 1% of financing values paid once granted) |
5.25% |
6.25% |
6 |
9.344% |
10.966% |
9.711% |
11.340% |
when applying the approved formula of the central bank of jordan the Effective annual percentage rate is |
5.25% |
6.25% |
7 |
9.242% |
10.827% |
9.562% |
11.154% |
%10.428(Effective APR) |
Land Murabaha |
4.75% |
5.50% |
1 |
8.531% |
9.858% |
10.428% |
11.761% |
amount = 100,000 JD |
4.75% |
5.50% |
2 |
8.745% |
10.084% |
9.747% |
11.091% |
fixed rate = 4.75% |
4.75% |
5.50% |
3 |
8.740% |
10.058% |
9.427% |
10.750% |
variable rate=8.531% |
4.75% |
5.50% |
4 |
8.680% |
9.971% |
9.206% |
10.502% |
payment period 1 year |
5.00% |
5.75% |
5 |
9.025% |
10.281% |
9.456% |
10.717% |
extra cost ( 1% of financing values paid once granted) |
5.00% |
5.75% |
6 |
8.932% |
10.160% |
9.297% |
10.531% |
when applying the approved formula of the central bank of jordan the Effective annual percentage rate is |
5.00% |
5.75% |
7 |
8.838% |
10.040% |
9.157% |
10.364% |
%10.428(Effective APR) |
Home Finance |
|
|
from 1 year – 15 years |
6.75% |
7.50% |
8.639%-6.911% |
9.393%-7.664% |
amount = 100,000 JD |
variable rate = 6.75% |
payment period 1 year |
extra cost ( 1% of financing values paid once granted) |
|
|
from 15 years – 20 years |
7.00% |
7.75% |
7.162%-7.130% |
7.916%-7.884% |
when applying the approved formula of the central bank of jordan the Effective annual percentage rate is |
|
|
from 20 years – 25 years |
7.00% |
7.75% |
7.130%-7.112% |
7.884%-7.866% |
8.639%(Effective APR) |
Land Finance |
|
|
from 1 year – 12 years |
7.25% |
8.00% |
9.142%-7.413% |
9.895%-8.167% |
amount = 100,000 JD |
variable rate = 7.25% |
payment period 1 year |
extra cost ( 1% of financing values paid once granted) |
|
|
from 12 years -15 years |
7.50% |
8.00% |
7.664%-7.633% |
8.167%-8.135% |
when applying the approved formula of the central bank of jordan the Effective annual percentage rate is |
|
|
from 15 years – 20 years |
7.75% |
7.75% |
7.884%-7.866% |
7.884%-7.866% |
9.142%(Effective APR) |
Commercial Offices Financing |
|
|
from 1 year – 15 years |
7.50% |
8.25% |
9.393%-7.664% |
10.146%-8.418% |
amount = 100,000 JD |
variable rate = 7.5% |
payment period 1 year |
extra cost ( 1% of financing values paid once granted) |
|
|
from 15 years – 20 years |
7.75% |
8.50% |
7.916%-7.884% |
8.669%-8.638% |
when applying the approved formula of the central bank of jordan the Effective annual percentage rate is |
|
|
from 20 years – 25 years |
8.00% |
8.00% |
8.135%-8.117% |
8.135%-8.117% |
9.393%(Effective APR) |