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CBK's Approval on the Full Conversion of Gulf Bank to Operate in Accordance with the Provisions of Islamic Sharia'a and to Proceed with Completing the Conversion Procedures

 

Ahmad Mohammad Al Bahar
Gulf Bank Chairman
 

  • "Approval reflects our strategic vision and commitment to meeting the aspirations of customers and shareholders"

Who is it for?

  • Customers who seek for alternative cash other than their own funds.

     

Benefits

  • No minimum salary requirement.

  • Short term loan.

     

Features

  • Maximum loan amount up to 90% of the collateral amount at an annual interest rate of 6.5%.

  • Choice of repayment period up to 5 years.

     

Limitations

  • Cash collateral or third party guarantor required.

     
     

Terms & conditions


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