Murabaha Financing

Murabaha Financing

Murabaha (Arabic مرابحة) In Islamic Fiqh, Murabaha is a sale where seller expressly mentions the cost incurred on the commodities and sells it to another person by adding some profit or mark-up thereon which is known to the buyer.

Murabaha is one of the most widely used modes of finance by the Islamic banks and Islamic financial institutions.

Sectors of Financing:

Currently AIB finance in the following sectors:

  • Business and Corporate Financing
  • Industrial Financing

Eligibility Criteria:

  • Customer should have Valid License (for corporate customers)
  • Article of association (for corporate customers)
  • Tazkira
  • Registered property Deeds
  • License, Tazkira, Article of Association, of Guarantor (If bank require)
  • The applicant should have running business from at least 3 years.

Mode of Payment:

Monthly payment deduction to be made as per Tentative Payment Schedule dully accepted by client and his/her written standing instruction to recover the amount from his/her account.

 

Islamic Murabaha Financing Youtube Link

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