Islamic banking is similar to conventional banking; however, it operates in accordance with the rules of Shari’a, which is, sharing of profit and loss.

Common concepts used in Islamic banking are profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost-plus (Murabahah), and leasing (Ijara).

Ijara simply means lease-to-own; it is a concept in Islamic banking by which a bank purchases an asset for a customer. The customer then pays for the asset in instalments through a "lease-to-own" method at the end of which ownership of the asset is automatically transferred to the customer.

KFH-Bahrain is the first bank to apply this "lease-to-own" concept to a finance card, the Baytik Ijara Card, ushering in a new era in card finance for the Kingdom.

KFH-Bahrain's Baytik Ijara Card is the first of its kind, Shari’a compliant purchasing facility that gives customers the financial flexibility to make their purchasing management easier. Baytik Ijara gives users a maximum credit limit of up to 6 times their salary at a fixed rate of 0.7%, the lowest profit rate of any card! You can choose a repayment period of between 1-24 months. With a multitude of outlets accepting the card, Baytik Ijara gives you complete control over your durable finances.

Now, if that's not worth being friendly over…

• You select the product that you wish to buy from the list of merchants that are pre-approved by KFH-Bahrain.
• The Merchant will “swipe” the Baytik Ijara Card through a point of sale terminal and obtain authorisation on the transaction.
• You simply enter your PIN code when requested by the point of sale terminal.
• A repayment schedule is agreed for you to repay the total amount over a period of up to 24 months.
• You are then eligible to receive the relevant product on behalf of KFH-Bahrain.
• Baytik Ijara’s instalments can be debited on a monthly basis from the Baytik Ijara Cardholder’s account with KFH-Bahrain or via cash payments at any of our branches.
• The Baytik Ijara Card can be used to purchase more than one product provided that the total amount of the relevant durable goods does not exceed your agreed credit limit.
• Once you complete your last Baytik Ijara instalment ownership of the durable goods is automatically transferred to you

• Complete the Baytik Ijara Card application form (click here to download the application form) and submit it to any of our branches in the KFH-Bahrain network.
• Once the application is received we will process it and agree your maximum spending limit.
• Your Baytik Ijara Card will then be issued to you.

To download the Baytik Ijara Terms and Conditions click here.