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Wassilati Car Financing

Our strategic objective is to provide excellence in our banking services while complying with the provisions of the Islamic Sharia'ah. With “WASSILATI” Program, you can own the car you want whether it is brand new or used, with competitive Murabaha rates, flexible repayment plan, and fast approval.

Own your car with Wassilati car Murabaha from BLOM DEVELOPMENT BANK SAL.

  New Car Murabaha Used Car Murabaha
Financing period Between 1 & 6 years Between 1 & 5 years
Hamish Jeddiyah 25% of the car value. 25% of the car value.
Profit rate 7% 8%
APR* 13.73% 15.95%
* The Typical APR is a unit of measurement that represents profit and any other cost imposed on the client through the bank as a result of product contract


Required documents and conditions related to “WASSILATI” Program:

  • The client must be at least 18 years old.
  • A copy of the identity card or passport.
  • The client must be employed in the public or private sector, a professional or self-employed
  • Monthly income has to exceed 3 times the amount of monthly payments
  • A mortgage on the car.
  • An all-risk policy or total loss insurance on the vehicle.