Murabaha
Murabaha is a particular kind of sale where the seller discloses the acquisition cost of commodity and markup or profit.
Who can avail this Facility?
- All companies having a valid business license
- Minimum 1-year business experience
- Business financial capacity (healthy financial statement of past 1 or 2 years)
- Collateral against facility (Shari’ah Qabala of immovable property)
- Accurate Business Plan
- Other credit/investment criteria
Other conditions
- Minimum contract period is 12 months (year)
- Maximum contract period is 36 months (3 year)
- No rebate chance for early settlements
- Initial deposit: 500-AFS, 50-USD/EUR/GBP, 200-AED
- Only purchasing assets and products (permissible as per Shari’ah principles)
- Profit rate between the Bank and the client is negotiable
How to start
- Submit your request letter to our nearest branch
- After the Bank received your request letter, then the Bank starts other investment required process
- The appraisal and assessment process will take 15 to 20 days
- Minimum and Maximum limit of the investment facility will be decided once your business is appraised by the Bank