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:

  • Murabaha Business and Corporate Financing
  • Car financing.

Target Customers:
Islamic branches (as approved by the management) to target the following categories of customers:

  • Salaried employees of:
  • The governments.
  • Public sector enterprises.
  • Semi Govt. and Autonomous Bodies.
  • Multinational companies.
  • AIB executive staff [VP & above] permanent & contractual.
  • Employees of UN agencies & Foreign Embassies.
  • Public & private sector recognized Companies, Hospitals & Educational Institutions.
  • Businessmen with sizable documented income & high net worth individuals.
  • Self-employed professionals especially Doctors, Engineers, Contractors etc.

Eligibility Criteria:

  • Tazkira
  • Registered property Deeds
  • License, Tazkira, Article of Association, of Guarantor (If bank require)
  • The applicant should have running business/Job from at least 2 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

Find the card that's right for you

If you have seen an AIB Debit or Credit card offer in market and want to know more, you've come to the right place.
Compare cards, use our finder calculator or choose the benefit you're after.

AIB Awards

Coming together is a beginning; keeping together is progress, Working together is success. Our products and services are often recognized by industry leaders. Here are a few of our recent awards: