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The early repayment of the murabaha/ discount

Estimated Time: 
2 working days
Location: 
The donor entity branches ( The Central Bank, Irbid, Zarqa`, Salt, Karak, Aqaba, Rusaifa,Sweileh) 
Estimated Fee: 

5 JD dinars

1
  • Description
  • Procedures
  • Required Documents
  • Persons benefiting from the service
  • Files
  • Related Services

Conditions for obtaining service

The approval of the entity`s General Director or his representative.

Notes

None

Partner institutions:

None

Procedures

  1. Referring to the Public Service Office by the murabaha dealer himself to fill the early repayment request form and benefit from the discount at the concerned Discount officer, attaching required documents.
  2. The concerned officer verifies the application and attached documents.
  3. Transferring the murabaha dealer to the teller`s to pay for the service fees.
  4. The concerned discount requests  officer fills the discount application to state the discounted amount due to the murabaha dealer.
  5. The application is transferred to the committee to have the approval of the entity`s  General Director on the discounted amount or whoever represents him.

In the case of approval on the discount:

  1. The murabaha dealer refers to the teller`s to repay the net remaining amount of the murabaha balance after the discount.
  2. Drafting a clearance for the murabaha dealer and guarantors in due form.

 

Required Documents

A copy of the murabaha dealer ID card.

Persons benefiting from the service

Clients who obtained murabaha fund  from the entity.

Files

No Found Files

Related Services

  • Cancelling the fund request approved by the Investment Committee
  • Cancelling or replacing the murabaha payment before completing the receipt and delivery or waiver process
  • Exempting the deceased murabaha dealer from any remaining balance
  • Issuing To whom it may concern letter to the murabaha dealer or the guarantor
  • Replacing a guarantor at the request of the murabaha dealer
  • Clearance of Murabaha dealers and guarantors
  • Amendment of any of the murabaha request securities
  • Opening an account at the Foundation
  • Cancelling the deduction ( cancelling the monthly deduction from the guarantor once deferred installments are repaid)
  • A” To whom it may concern” certificate request
  • Vehicle Inspection
  • Amendment of the lease contract
  • Replacing a guarantor at the request of the murabaha dealer‏
  • Settlement of dishonored bank checks
  • Amending the deduction value
  • Amendment of the required fund or the advanced payment amount
  • Changing the deduction entity of the murabaha dealer or guarantor
  • Amending the purchase purpose in the murabaha request
  • Signing murabaha contracts and promissory notes
  • Refund due to the murabaha dealer or guarantor

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