OFFER 1: IJARAH ENDED BY OWNERSHIP
Campaign Period	• Valid from 11th July 2023 Till 31 Dec 2023
Main Target Segment	• Qatari Nationals & Expats with salary transfer
Purpose	• Buy to live, Buy to Let & Buyout from other Banks
Minimum Finance Amount	• QR 500,000
Maximum Finance Amount	• QR 10,000,000
Property Types Allowed	• Ready property • Under construction (only from established developers) • Construction personal property • Land (on case-to-case basis)
Customer Segment	• Qatari Nationals, Expats
Maximum finance to Value Ratio Maximum Tenure	For privates houses with income from salary and other sources Finance Amount Qataris Non - Qataris Loan to Value / Tenure Loan to Value / Tenure Up to QR 6 Mill 80% / Up to 30 Yrs. 75% / Up to 25 Yrs. More than QR 6 Mill 75% / Up to 30 Yrs. 70% / Up to 25 Yrs. All above tenure includes grace period, if any.
Maximum Age at end of Tenure	• 65 years – Qatari, 60 years – expats
Income Sources Allowed	• Income must be from Salary • Only income from rent assignment may be accepted (as additional income)
Salary Transfer	• Mandatory
End of Service benefits	• Mandatory to transfer to the bank for Non-Qataris only
Takaful Life & Property Insurance	• Mandatory to be paid by customer • Masraf Al Rayan will provide Takaful Life and Property Insurance through Group Insurance Policy issued by Damaan Islamic Insurance Company (Beema)
Transfer of property ownership to bank	• Transfer of Ownership • OR First degree mortgage in case property is mortgaged to the bank
Profit Rate	• Salary < QR 35K: QCB + 1.25%, • Salary ≥ QR 35K: QCB + 1.00%, • Salary Component is lesser than 70% of Total Monthly Income: QCB + 1.25%,
Special Features Grace Period	• Free feasibility study fee and property valuation fee • Cash back reward up to QR 100,000 equivalent to (2% of finance amount not exceeding QR 100,000) • Up to 12 months grace period for Qatari Nationals • Up to 6 months grace period for Non-Qataris
Claw Back	• The customer will need to keep the home Finance with MAR for at least 3 years to avail the cash back benefit. • If the finance is closed within 3 years because of buy out from another bank, the customer will be obliged to pay back the cash amount in its entirety. • The customer is no longer liable to repay the cash back if his/her finance completes 3 years with the bank.
Early Settlement Charges	• Customer to pay 1% of the principal outstanding amount in case of early settlement.