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Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
BisB Tasheel Personal Finance BisB Tasheel Personal Finance Minimum Salary: BHD 300 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 7 Years Flat Rate: 3.0% Reducing Rate: 5.4%
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Tas’heel has been designed with strict adherence to the principles of Islamic Shari’a as a personal finance product on a Murabaha basis.

You can now enjoy the benefits of Personal Finance with Tas’heel from BisB. All your personal requirements can be met with Tas’heel.

BISB Tas’heel Personal Finance Features:
  • Maximum finance Amount: BHD 100,000
  • Maximum Tenor: 7 years
  • Interest rate: 3% if you work for a government organization and 3.5% if you work for a non-government organization.
  • Salary Transfer: Mandatory
Tas’heel is offerd for the following purposes:
  • Education and training (within Bahrain or Internationally)
  • Treatment and medical care (within Bahrain or Internationally)
  • Marriage and associated expenses
  • Family tourism and travel
  • Debts due for payment to banks and individuals
  • Purchase of non manufactured items
  • Purchase of construction material and equipment
  • Down payments for property purchase
  • Purchase of goods from outside Bahrain
Eligibility:
  • Age of the Applicant:  Above 21 at the time of application and 60 at the maturity of the finance.
  • Minimum Monthly Income: BHD 300.
  • Minimum Work Experience: 4 Months.
  • Maximum DSR (Debt Service Ratio):The total debts of the customer including all existing instalments, new instalment and 5% of the credit card and over draft limits, should not exceed 50% of the monthly income for individuals with salaries of BHD 3000 per month or less AND should not exceed 60% of the monthly income for individuals with salaries above BHD 3000 per month.
Documents Required:

Employed:
  • Two valid Identifications
  • Latest 3 months Bank Statement
  • Latest Salary Certificate
  • Latest Pay Slip
  • Employment Contract (non Bahraini individuals)
  • Residence Permits (non Bahraini individuals)
  • Signed Promissory Note
  • Signed Credit Report Bureau (CRB - Benefit) form
  • Indemnity Letter (non Bahraini individuals)
Self-Employed:
  • A copy of 2 Valid ID’s
  • Latest 6 months Business Bank Statement
  • The Commercial Registration (CR)
  • The Title Deed
  • For partnership (W.L.L) - Board of Resolution & Article of Association.
Representative example:

If you borrow BHD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – BHD 297.50 | Total charge for credit – BHD 710 | Total amount you repay – BHD 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
State Bank of India (Bahrain) - Personal Loan
Minimum Salary
BHD 800
Flat Rate
3.75%
Bank of Bahrain and Kuwait - Consumer Loan
Minimum Salary
BHD 200
Flat Rate
3.5%
Ithmaar Bank - Personal Finance
Minimum Salary
BHD 400
Flat Rate
2.89%
Khaleeji Commercial Bank - Personal Finance
Minimum Salary
BHD 300
Flat Rate
3.0%