Do you want to drive the car of your dreams? Do you need a hassle-free and Sharia compliant auto finance tool? Do you seek flexible payment plans at a competitive profit rate?

The Lebanese Islamic Bank S.A.L., the first licensed Islamic Bank in Lebanon, offers you different auto finance schemes in conformity with Islamic law (Sharia).

Based on the Islamic finance concept of Murabaha, and instead of lending you money and charging you with interest; LIB purchases the desired car from the dealer or owner, after receipt of an offer or pro-forma invoice, and then re-sells it at a predetermined and competitive price, which includes bank's profit. In return, you reimburse the selling price over suitable monthly installments.


Loan Period: Up to 60 months for New Cars and up to 48 months for Used Cars.
Interest Rate: No Interest
Maximum Loan Amount: Up to USD 50,000 for New Cars and up to USD 25,000 for Used Cars.


Applicant Age: Minimum 21 years old
Minimum Monthly Income: USD 700
Career Status: Employed or self employed for at least 2 years.
Auto Finance

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Other products by this Bank

Housing Finance Home Loans
Consumer Goods Finance Consumer Loans


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