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Ijara Service with Option to Own
In our endeavor to serve our customers efficiently and thus
create various transactions to facilitate the process of owning
the required local property, KFH tailors the Ijara service with
option to own to meet its customers' aspiration. We intend to
provide the Ijara service with option to own as it offers lots
of advantages to all customers.
It suits all income levels and yet meets all customers'
requirements in having the residential properties villas,or
commercial and investment properties like complexes .
It also gives the benefit to own the property beforehand and as
a result the customer saves some of the profit charges once he
settles the rent of the property.
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Local Real Estate
Department Services at Baytak
The Local Real Estate Department at Baytak has a deep-rooted
history of almost twenty years of experience and know-how
that enable it to offer distinguished real estate services
to its customers. The Department exerts its utmost efforts
to provide the best services to the customers at the
earliest possible, encourage the local construction and the
real estate investments, contribute to the development of
the construction boom in the State of Kuwait, fulfill the
young people’s dream of finding the appropriate residence at
record prices and adopt flexible and profitable methods to
satisfy the customers and participate therewith to make a
better future for everyone.
The Department offers a bunch of real estate services and
products as it deals with all the types of realties
including lands, residential, investment and commercial real
estate properties and public utilities like industrial and
agricultural plots and chalets.
Lease product:
It consists of providing real estate properties to the
individuals and companies that wish to benefit from the
realties and do not have sufficient liquidity to purchase
the same. The lease shall be terminated by the tenant’s
ownership of the real estate property upon the expiry of the
lease period agreed upon in a way that fulfills some
investors and customers’ requirements in using their savings
by trading with real estate properties and developing the
same.
Product advantages:
• Easy dealing.
• Financial burdens less than the other purchase systems.
• Short, medium and long-term financing that suits the
customers’ requirements.
• Owning the leased real estate property at the expiry of
the contract.
• Offering new investment opportunities to the customers and
investors to develop their realties and use their savings.
• Possibility of forfeiting the lease profits for the
remaining period in case of settlement of the ownership
prior to the end of the lease period.
• Possibility of dealing according to the lease system
(payment after a year) or (monthly installments that reach
10 years).
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Conditions of acquiring the financing
products:
To acquire one of our financing products including the sale
by installments, morabaha, lease or external realties, the
following conditions shall be fulfilled:
• The financing amount depends on the customer’s monthly
income with the wife if she participates to the same.
• The salary shall be transferred to Baytak.
• The customer shall pay an advance payment of the amount of
the real estate property required to be purchased or leased.
• Statement on the work period and the service termination
(for the expatriates).
Papers required to acquire the
product:
• Certificate of validity of the salary of the customer and
the partner if any, as well as the sponsor if any.
• The Civil Card and nationality of the customer, sponsor
and partner is any.
• Any other documents in case there is an income other than
the salary.
• The presence of a sponsor who fulfills the conditions
(according to the controls).
• The marriage contract in case of addition of the wife’s
salary.
• Photocopy of the passport.
Real estate owner’s particulars:
• Photocopy of the Civil Card, nationality, document.
• Plan of the area. |
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Locations of Services
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FAIHA |
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RIQQAH |
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ANDALUS |
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KHEITAN |
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KUWAIT CAPITAL
HEAD OFFICE |
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KUWAIT CAPITAL
MAKKI JOMAA TOWER |
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