 |
 |
| Business Banking |
 |
Corporate Banking |
|
Murabaha |
|
| |
| |
| |
|
| |
‘Murabaha’, a term in Islamic Fiqh, refers to commercial transactions that involve the purchase and sale of goods with an added profit margin or mark-up either in the form of a fixed lump sum or based on percentage of initial cost. It means ‘sale’. It is a sale contract for selling a specified item at a mutually agreed mark-up (profit) added to the purchase price.
Murabaha is considered the most popular and practical tool used in Islamic Banking. It is a sales contract between the client and the bank, for a certain product or item, required by the client. It can be applied to any Sharia compliant tangible good, both the seller and goods desired should be identified and clearly stated. It is mostly used in corporate banking for trade finance, mainly purchases from suppliers in the form of wire transfers, cash, Letters of credit and Letters of guarantee.
|
|
| |
| How to Apply? |
|
| |
|
|
| |
|
|
 |
|
|
 |
 |
Online Chat is available
from 7:30 AM to 6:30 PM,
SAT-THU
click here to start live chat |
|
|
 |
|
 |
| PROFIT RATES (%) : 2011 - 2012 |
| Tenor |
Nov |
Dec |
Jan |
| 1 month |
2.25 |
2.25 |
2.00 |
| 3 months |
2.80 |
2.80 |
2.75 |
| 6 months |
3.25 |
3.25 |
3.00 |
| 1 year |
3.50 |
3.50 |
3.50 |
|
|
|
 |
13 303030
Call Centre |
|
|
|
