2. Are Reef’s products Shariah compliant? Who is Reef’s shariah advisor?
Yes, all our products are Shariah compliant. Our Shariah advisor is Dr. Farid Hadi.

3. How much financing is available to me?
Reef can extend up to BD 350,000 in retail level financing. However, we endeavor to provide you with a suitable financing amount that meets your needs but is also affordable considering other financial obligations you might have. To better understand how much financing you can obtain, please contact us and speak with an advisor.

4. How long is the financing term?
Reef’s finance terms range from 5 - 25 years.

5. Which documents should I have in order to obtain financing?

• Mortgage loan application
• Copies of CPR & Passport (with Resident Permit for expatriates residing within GCC)
• Copy or original title deed / sale agreement/ purchase/ construction contracts.
• Copy of the property owner’s CPR
• Life and/or Property Insurance policies
• Original salary slip (not older than 3 months)
• Original bank statement (last 3 months)
• Original employment certificate (present/previous employers)

6. Can Reef purchase / take-over a mortgage from another bank?
Yes, we can help you settle and transfer your financial obligations. We can even assist you if you hold a conventional consumer loan from another bank and wish to now seek Islamic property finance.

7. Do joint borrowers have to be related?
Reef allows up to 3 joint borrowers. Borrowers do not have to be related in order to benefit from our financing.

8. Does Reef provide insurance?
We believe in making things simple for our clients. Insurance can easily be arranged for you, but should you choose to make use of your own existing Insurance policies we can also accommodate that.

9. Does Reef only provide finance for individuals?
Our business model covers retail finance, but also commercial and investment real estate opportunities. Should you like to find out more about our commercial or investment lines of business, please contact us in order for a meeting or a call-back to be arranged.

10. Can I repay my financing completely before maturity?
Yes, should you like to repay your financing obligation early, our advisors can arrange for this.

11. Does Reef keep the title deed of the property?
Yes, this is the current practice at all institutions that provide mortgage finance

12. Does Reef handle second mortgages?
At this point in time, we do not offer 2nd mortgages, although the idea is under consideration. We can arrange to purchase and top-up your existing financing obligation, if it meets our own terms and conditions.