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Student Finance is designed to encourage and facilitate entry into higher education by financing tuition fees for undergraduate as well as graduate students in Bahrain undertaking studies at universities accredited by the Ministry of Education. Student Financing may also be extended to students undertaking studies at international universities on a case by case basis.
In addition to a quick, easy application and decision-making process, the student or the guardian may apply for tenor of up to seven years. To be eligible to apply for Student Financing, the students should have successfully completed their high school studies with a grade average of at least 85% or undergraduate degrees with a grade average of 3.0 or higher. The student must be over the age of 21 or where this is not the case, the guardian of the student may apply for Student Financing on behalf of the student.
Achieve an average of 85% or an accumulated GPA of 3.0 and we will get you going to university.
Student Finance is based on the “Ijara” finance facility, which allows a client to purchase an education programme from educational institutions who are willing to sell via an electronic offer-acceptance transaction through our “Baytik Ijara” card service. Under this service, the client inserts the card in the “Baytik Ijara” machine and signs the receipt bill defining the transaction details of the sale.
Alternatively, in case an education institute does not have access to an electronic “Baytik Ijara” machine, the Bank will purchase the education programme from the education institute through electronic correspondences, faxes and bank transfers. The Bank will in turn sells the programme to the client at a low profit margin.
- Islamic Shari’a compliant.
- Lowest profit rates.
- Optional financing without down payment.
- Flexible repayment options up to 7 years.
- Optional no salary transfer.
- Quick processing.
- 24 hour call center.
- Complete Student Finance Form
- Original Passport and CPR
- Original Salary Certificate / Pay Slip
- Salary Transfer Letter
- CR Copy, if Self-Employed
- Original Last 3 months Bank Statement (6 months for Self-Employed)
- Benefit Bureau Form (Provided by the Bank)
- Student Latest Graduate Certificate/ Transcript
- Student’s Original Passport and CPR (If The Applicant is a Guardian)
- Acceptance Letter from The University, with the breakdown of fees of all semesters
