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Purchase of goods in installments with a transparent markup
Murabaha - financing according to Islamic principles
Minimum markup
Maximum term
Maximum amount
Characteristics of the contract
What is the "Murabaha" agreement?
A Murabaha contract is a transaction in which a bank sells a product to a client on an installment plan, adding an agreed markup to the purchase price. The product may either be purchased in advance at the client's request or already belong to the bank
An obligatory condition of the Murabaha agreement is the indication and allocation of the markup in the sale price
The Murabaha agreement is a deferred payment or installment sale of goods
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.)
Who can receive financing under a Murabaha agreement?
Individuals and sole proprietors conduction their activities within the territory of the Kyrgyz Republicin sectors that do not contradict the principles of Sharia
Select financing type
Mortgage financing
Sharia-compliant home financing — a halal way to purchase property with transparent, fair, and interest-free terms.
Murabaha for consumer purposes
Murabaha for consumer purposes — Sharia-compliant financing to purchase goods with transparent, fair, and interest-free terms
For the development of business
Тhe development of business — Sharia-compliant financing for purchasing goods, equipment, and growing your business with transparent and fair terms
Auto financing
Sharia-compliant auto financing — a halal way to purchase a vehicle with transparent, fair, and interest-free terms
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