Personal Financing
Live life to the fullest with Amanah.
Here's what you get:
- Competitive Murabaha Profit Rates - Starting from 3.22% p.a*(flat rate) for Bahraini national and 3.50% p.a* (flat rate) for Expatriates
- Liquidity to meet genuine need of finance for permissible use
More great benefits:
- Instalment Deferment Option - defer your monthly instalment up to 2 times a year
- Shariah-approved Product - Certified by HSBC Amanah Shariah Committee
- Flexible repayment period
- Attractive Pricing Discount for Premier and Advance customers*
Plus:
- Minimal paperwork - to make your finance application process as straightforward as possible
| Agency Services Fee (New, Top up and Re-Scheduling) | 1% of Metal Price ** (Minimum BHD100 and Maximum BHD250) |
| Late payment charges (which is paid to charity) | 10% p.a of outstanding monthly payments |
| Installment Date Change Processing Fees | free |
| Instalment deferment - Processing Fee | BHD25 per deferment |
| Liability letter | BHD10 |
| Clearance letter | BHD 10 |
| Application | Amanah Finance Application, Offer-to-Purchase and Agency Agreement Form |
| Primary Identification | Expatriates: Personal ID, Valid Passport & resident Visa Bahraini nationals: Personal ID |
| Evidence of Income | New Finance: Salary Transfer letter issued during last 3 months as per HSBC format AND Original /Stamped Salary Slip OR Salary Certificate AND 2 months Bank Statement reflecting salary credits Top-up Finance: A fresh salary Certificate OR last salary slip AND 2 months Bank Statements reflecting salary credits. |
| Security cheque | Undated Security Cheque |
| Liability Letter (not more than 30 days old) | Required for Buy-out only |
| Cashier's Order Cheque (COC) Request | Required for Buy-out only |
What is HSBC Amanah Personal Finance?
It is a Shariah compliant financing solution. Designed to provide you with liquidity that you need, in a manner that satisfies the highest standards of compliance with Shariah guidelines. It follows a simple process based on the Tawaruq principle - a Shariah compliant finance tool. The transaction is quick, easy and straightforward:
- Bank will sell commodities (metals) it own at a pre-agreed Sale Price which included fixed profit amount to you
- Once the purchase of metal is completed, The Bank will sell the metals on your behalf to another broker. The proceeds from the sale of the metals will be transferred to your account
- You will enjoy the flexibility to pay the Bank in convenient instalments
What makes HSBC Amanah Personal Finance a Shariah compliant product?
HSBC has an international team of professionals with Islamic financial expertise dedicated to developing Shariah approved financial solutions for the HSBC Group. HSBC Amanah Personal Finance has also been developed in consultation with and approved by the HSBC Amanah Central Shariah Committee. The process of product development and Shariah review ensures that HSBC's Shariah compliant products are within the guidelines prescribed by the Shariah.
HSBC Amanah Personal Finance offers you a Shariah compliant alternative to a personal loan which allows you to avoid interest (riba) bearing transactions.
Whatever you need help financing, choose a preferential Shariah compliant Personal Finance
