JIB's Sharia-compliant home finance is Ijara Muntahiya Bittamleek — lease-to-own. Mortgage underwriters read your statement to confirm stable income and a seasoned down payment. Excel makes that read fast.
Convert your JIB statementJordan Islamic Bank offers Ijara Muntahiya Bittamleek as its Sharia-compliant home finance product. The bank takes ownership of the property and leases it to you under a contract that transfers full ownership at the end of the tenor. Underwriting reviews a 12-month statement to confirm stable salary, manageable existing financing, and a down payment that has been in your account long enough to rule out borrowed funds.
The Central Bank of Jordan applies the same 50% debt-service cap to Islamic home finance as to conventional mortgages. Your existing Murabaha and Ijara instalments count alongside any new home finance lease payment. JIB underwriters want a clean 12-month picture, which means the Excel export is the easiest format for them to spot-check.
Salary credits appear monthly with the employer reference. Existing Murabaha or Ijara debits appear with the product label and instalment counter. Profit distribution credits on investment accounts are separate rows; they may support down payment seasoning if accumulated over months. Large one-off deposits — gift funds, family transfers, asset sales — show in the narration; you will need a supporting letter from the donor for any gift used in the down payment.
Underwriters trace the down payment back 60 days minimum to confirm it has 'seasoned' and is not borrowed. They average income over the full 12-month period and confirm existing obligations are within the CBJ cap.
Bilingual Arabic-English PDF. Islamic product terms appear in transaction narrations: Murabaha, Ijara, Musharaka, Istisna, Mudaraba. JOD balance shown to three decimal places. Sharia supervisory board certification reference printed in the statement header. Profit distributions are listed as separate line items, not embedded in principal payments. Account summary shows opening balance, period movements, closing balance, and cumulative profit for investment accounts.
| Label | Meaning |
|---|---|
| Murabaha Instalment | Monthly cost-plus repayment for Murabaha-financed purchase |
| Profit Distribution | Periodic profit share credited to investment account |
| Ijara Payment | Lease instalment for Ijara (Islamic leasing) contract |
| Zakat Deduction | Annual Zakat amount deducted from savings balance where applicable |
| Salary Credit | Monthly salary deposit |
Jordanian housing banks (Housing Bank for Trade and Finance) require 6 months of CBJ-bank statements with JOD-denominated salary entries as primary income proof.
Pull 12 months from JIB Mobile
JIB Mobile and JIB Online both export a full-year PDF. Some underwriters ask for 24 months if your income is commission-based; pull whichever the loan officer specifies.
Convert to Excel with Kashfbank
Upload the PDF to Kashfbank. JOD three-decimal precision is preserved. Salary, financing instalments, and profit distributions are tagged separately, which makes the underwriter's job easier.
Verify the down payment seasoning
Find the row where your down payment funds first arrived. Confirm the date is at least 60 days before the application. If the funds came from a family gift, retain a signed donor letter to submit alongside.
Submit Excel and PDF together
JIB's mortgage desk wants the original bank-issued PDF. The Excel is your own checking document — verify the numbers add up before the underwriter sees them.
Common challenges
Is Ijara Muntahiya Bittamleek different from a conventional mortgage for underwriting?
The underwriting criteria are nearly identical: 12-month statement, 50% debt-service cap, seasoned down payment. The contract structure is different — JIB owns the property during the lease term — but the statement evidence required is the same.
How does the export show down payment accumulation?
The Excel includes a running balance column. Filter to the period before the application and you can see exactly when the down payment funds entered the account and how the balance changed month to month.
Are profit distributions counted as qualifying income for a mortgage?
JIB underwriters typically count regular, predictable profit distributions on a stable investment account balance as supplementary income. One-off or volatile distributions are discounted. Submit at least 12 months of profit history for the underwriter to assess.
What if my down payment is partly in foreign currency?
Multi-currency JIB accounts show USD or EUR balances on dedicated pages. The Excel preserves each currency. For the mortgage application, the underwriter converts to JOD at the CBJ rate; supply the foreign currency statement so the conversion is documented.
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Regulator: Central Bank of Jordan (CBJ)
Fiscal year: Jan 1 – Dec 31
Full country guide →Statement language: Arabic / English