Ijara Leasing
Sharia-compliant leasing arrangement where the bank purchases and leases the asset to you. Ownership transfers at the end of the lease term. Asset-backed and interest-free.
Key Features
- Asset-backed leasing structure
- Ownership transfer at lease end
- Bank bears asset ownership risk
- Fixed rental payments throughout
- Maintenance responsibility defined upfront
- Takaful insurance included
Rates & Charges
- Takaful: Included in rental
- Rental Rate: 11% - 14% equivalent
- Processing Fee: 1.5%
- Transfer Fee (at maturity): Nominal KES 1
Eligibility Requirements
- Open to all individuals and businesses
- Minimum income KES 40,000/month
- Asset value KES 200,000+
- Clean credit record
Required Documents
- 📋 National ID or Passport — Bring to branch
- 📋 Income proof — Bring to branch
- 📋 Asset details and quotation — Bring to branch
- 📋 Business documents (for corporate applicants) — Bring to branch
Frequently Asked Questions
Find answers to common questions about our services.
What happens if the asset is damaged?
Can I end the lease early?
What assets can be leased?
Terms & Conditions
Ijara is a lease agreement where Omni-Trust Bank purchases the asset and leases it to the client for a defined period. The Bank retains ownership during the lease term and transfers it to the client upon completion of all rental payments.The client is responsible for routine maintenance as defined in the Ijara agreement. The Bank bears the risk of asset ownership including depreciation. This product is certified Sharia-compliant by our Sharia Advisory Board.
Ready to Get Started?
Open your Ijara Leasing today. Visit any branch or apply online.
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