Islamic Banking MBANK

Mobile banking based on Shariah principles and standards

MISLAMIC is

Compliance with Shariah principles

All products comply with Shariah standards, without interest and speculation

Transparent conditions in your finances

Only fair agreements, clear conditions and confidence in every transaction

More than 1000 services in a couple of clicks

Pay for utilities, communications, internet and much more without unnecessary steps

What does MISLAMIC offer?

Adal Installment

Adal Installment is the purchase of goods and services in installments without interest or overpayments, based on the Islamic financing principle of Qard Hasan.

MIslamic bank cards

MIslamic Shariah Compliant Debit Card

Murabaha

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

Mudaraba Deposits

Mudaraba is a partnership profit between the Bank and the client for a pre-agreed period

Istisnaa

Istisnaa is a treaty under which one party (the contractor) undertakes to perform a specific job or manufacture a product/goods at the request of the other party (the customer) and deliver the result to the customer within a specified time frame, and the customer undertakes to accept the result of the work and pay the pre-agreed price.

MISLAMIC is more than just finance

Prayer time

Find out the current prayer schedule

Qibla compass

Easily find direction for prayer

Calculation of Zakat

Preliminary calculation of mandatory donations

MBONUS Loyalty Program

Accumulate bonuses for purchases and pay for services with them. Benefit in every purchase

Switch to MISLAMIC - fast and easy

Go to your profile in MBANK mobile banking

Select banking type MISLAMIC

More about Islamic principles of finance

For what purposes can you get Murabaha business financing?

- Acquisition of business equipment; - Acquisition of goods for business; - Purchase of office and commercial real estate; - Purchasing a car for business.

Who can receive financing under the Murabaha agreement?

Individuals and individual entrepreneurs operating on the territory of the Kyrgyz Republic in areas that do not contradict Shariah standards

For what purposes can Murabahah be financed?

- Purchase of cell phones, gadgets, etc.; - Purchase of furniture; - Acquisition of household appliances and goods for the home; - Purchase of vehicles; - Acquisition of building materials for the repair of a house / apartment$ - Acquisition of real estate; - Purchase of any other goods not prohibited by Shariah and the legislation of the Kyrgyz Republic.

What is Mudaraba?

Mudaraba is an Islamic investment deposit where the customer (Rabb-ul-Mal) entrusts their funds to the bank, and the bank (Mudarib) invests them in Sharia-compliant businesses. Profits are shared according to a pre-agreed ratio.

How is profit shared?

Profit is distributed between the bank and the depositor based on the proportions agreed in the contract.

Can the bank use Mudaraba funds for conventional loans?

No. Funds under a Mudaraba agreement cannot be used for traditional (interest-based) loans or any activity prohibited by Sharia.

Can I terminate the Mudaraba agreement early?

Yes. The depositor can terminate the agreement early by submitting a written request. The profit will be calculated according to the terms of the agreement at the time of termination.

Is Mudaraba Sharia-compliant?

Yes. Mudaraba fully complies with Islamic finance principles and excludes riba (interest).

If the bank doesn’t make a profit, will I lose my money?

To smooth profit fluctuations, the bank creates a Profit Equalization Reserve (PER). This reserve consists of a portion of profit withheld before distribution and used to maintain returns during periods of low actual income.

What is a QARD account?

A QARD account is a demand deposit account opened in accordance with Islamic principles.

How is a QARD account different from conventional accounts?

1. Credit (loan) funds cannot be deposited. 2. No interest is paid on the balance. 3. Funds cannot be used in non-Sharia-compliant businesses.

Can I order an MIslamic card online?

Yes. The MIslamic Gold card can be ordered via the MBANK mobile app. You can also open a virtual card (MIslamicVirtual) in various currencies.

Why are there service fees for Islamic accounts?

The bank incurs actual costs for account opening and maintenance. To cover these, it is allowed to charge service fees.

Is cashback and participation in the MBonus loyalty program Sharia-compliant?

Yes. Cashback and bonuses received for using the bank’s products or services are considered gifts to the client, and thus permitted under Sharia.

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