Waseela Real Estate
"Waseela Real Estate" is the new house/real estate/construction materials finance scheme from Al Salam Bank that will enable you to buy your new house through the Islamic way of Murabaha. With its high competitive advantages in the retail financing services market in Sudan, it is designed to suit the needs of all individuals.

Benefits:

  • Covers all kinds of Real Estate options
  • Only 9% Murabaha fixed profit rate yearly
  • Financing period extends up to 120 months (10 Years)
  • The customer may obtain more than one loan
  • First Installment ranges from 25% depending on guarantee (deposit – salary transfer)


The Bank’s terms and conditions for new real estate financing

No. Discription Conditions with
Salary Transfer
Conditions without
Salary Transfer
1 Position To be an employee in one of the institutions accredited by the management of the bank (public/private) Staff / Professionals / Businessmen
2 Period of duty 1 Year or permanent employee 1 Year or permanent employee
3 Place of Work Inside Sudan Inside / Outside Sudan (include emigrants)
4 Age Does not exceed the 53-year-old Does not exceed the 53-year-old
5 Minimum Salary / Income 3000 SDG (Basic + Monthly allowances) + Additional income - (if any) To be equal to 3000 SDG (Basic + Monthly allowances) + Additional income - (if any)
6 Relation between Buyer and Seller Not to be first-stage Relationship Not to be first-stage Relationship
7 Real Estate Location Inside Khartoum state Inside Khartoum state
8 Downpayment At least 25% At least 40%
9 Percentage deduction to salary / income Maximum 50% 50% Maximum of the average monthly income
10 Funding period (Minimum limit) 24 Month (2 Years) 24 Month (2 Years)
11 Funding period (Maximum limit) 120 months (10 years) 120 months (10 years)
12 Profit percentage (Murabaha) 9% (fixed) in the year if Funding period 2-5 years
9.5% (fixed) in the year if Funding period 5-10 years
9% (fixed) in the year if Funding period 2-5 years
9.5% (fixed) in the year if Funding period 5-10 years
13 Guarantee Salary Transfer + Real estate mortgage in favor of the bank + Guarantee Checks Statement 6 months (making sure there is no feedback checks) + certificate financial ability of the same source Bank account statement or commercial certificate + Real estate mortgage in favor of the bank + Guarantee checks + Housing certificate (financing purposes)


The additional Bank’s terms and conditions for construction materials

  • Downpayment at least 25%
  • Price of Land not to be less than 25% of financing value
  • Financing period extends up to 60 months (5 Years) only


To calculate your request, enter values for the Murabaha Amount, Number of Months for Loan, and the Murabaha Rate (9% or 9.5% depends on your situation), and click the Calculate button. Clicking the Reset button will clear entered values. The results of this Murabaha payment calculator are for comparison purposes only.They will be a close approximation of actual murabaha repayments if available at the terms entered, from a financial institution. This is being provided for you to plan your next murabaha application.

Enter Your Details & Click the Calculate Button
Murabaha Amount SDG
Murabaha Rate %
Number of Years Years
Number of Payments Installment
Monthly Payment SDG
Enter only numeric values (no commas), using decimal points where needed.
Non-numeric values will cause errors.


For more details on "Waseela real Estate", visit our branch in Khartoum-Sudan, Al Jomhoria Street, Al Salam Bank Building or call +249 183 747 000.