Financing according to Islamic principles “Murabaha”

Financing according to Islamic principles “Murabaha”
Financing according to Islamic principles “Murabaha”
Markup

from 10.59% per year

Financing according to Islamic principles “Murabaha”
Term

up to 120 months

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What is the "Murabaha" agreement

A Murabaha agreement is a transaction that provides for the sale by installments of goods purchased by the bank at the request of the client, or owned by the bank at the time of the client's request. The sale price of the goods by the bank is determined by the parties as the sum of the purchase price and the margin agreed by the parties to the contract.

Characteristics of the “Murabaha” agreement

1

An obligatory condition of the Murabaha agreement is the indication and allocation of the markup in the sale price.

2

The Murabaha agreement is a deferred payment or installment sale of goods.

3

Under the Murabaha agreement, you can purchase goods permitted by Sharia standards and the legislation of the KR (consumer goods, raw materials, household appliances, telephones, furniture, equipment, cars, houses, etc.)

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Murabaha for consumer purposes

Markup

from 10.59% per year

Term

up to 60 months

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Universal Murabaha for the development of your business

Markup

from 10.59% per year

Term

up to 60 months

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Conclusion of the Shariah Council
Conclusion of the Shariah Council
Conclusion of the Shariah Council