Murabaha is a sales contract in which the bank and the customer agree on the purchase price of the commodity, plus a known profit margin. This type of contract is a legitimate alternative to traditional interest-bearing financing, and is compatible with Islamic Sharia principles.
How does Murabaha work?
Customer request: The customer begins by requesting financing to purchase a specific commodity from the bank.
The bank purchases the commodity: The bank purchases the commodity from the original supplier or seller.
The bank sells the commodity: The bank sells the commodity to the customer at a price that includes the purchase cost and the agreed upon profit margin.
Deferred payment: The customer pays the price of the item in specific installments according to an agreed upon schedule.
Advantages of Murabaha
Sharia compliance: Financing that is consistent with Islamic Sharia principles.
Transparency: informing the customer of all details of the cost and profit margin.
Flexible payment: the ability to pay in convenient installments.
Why choose Murabaha with us?
Reliable experience: Years of experience in providing Sharia-compliant financial solutions.
Distinguished customer service: A dedicated team to help you every step of the way.
Complete transparency: There are no hidden fees or unexpected surprises.
Examples of Murabaha application
Car financing: Get financing to purchase the car you want at a price that includes the cost and profit margin, and pay the price in convenient installments.
Real estate financing: Invest in your new home with Sharia-compliant financing.
Trade Commodity Finance: Support your business by financing the purchase of goods and merchandise in a Sharia-compliant manner.
How do you benefit from the Murabaha Service?
Submitting an application: Visit the bank branch or submit your application through our website.
Select the commodity: Choose the commodity you want to buy and inform us of its details.
Bank approval: After approving your request, the bank purchases the commodity.
Completion of the transaction: The bank completes the sale transaction with you and determines the payment schedule.
Is Murabaha Available for all Types of Commodities?
Yes, you can finance the purchase of most types of commodities through Murabaha, according to the bank’s conditions.
Can I Make Early Repayment?
Yes, you can repay your finance early, and you will be informed of any details regarding discounts or associated fees.
For more information, contact us or visit one of our branches. We are here to help you every step of the way!
Seamless Banking
Misk Islamic Bank offers a variety of banking services that comply with the provisions of Islamic Sharia
