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Islamic Finance

Financing

Making your investments a reality is our mission.

Ijara is a financing method that complies with the principles of Islamic Sharia. This is a lease agreement for new, durable, non-destructible equipment or rolling stock (“Ijara mountahiya bi tamlik”), for the benefit of the lessee.

The bank purchases the asset from local suppliers and makes it available to the client for a specified period, with a lease price equal to the purchase price of the asset plus the agreed-upon margin, spread over the financing period. At the end of the lease, the lessee exercises the purchase option and becomes the owner of the estate.

Certificate of Conformity Documents to Provide

Advantages

  • Compliant with Sharia principles;

  • Fast processing of financing applications;

  • Financing up to 50,000,000 AD ;

  • Ability to finance the start-up and creation of projects;

  • Fixed rent throughout the financing period;

  • At the end of the lease and after payment of all rent and outstanding amounts, the client exercises the purchase option and becomes the owner of the equipment/materials;

  • Competitive profit margin;

  • The bank covers insurance costs for the entire duration of the financing.

Frequently asked questions
  • What is the difference between a conventional loan and Islamic financing?

In Islamic finance, the bank purchases the asset and then sells it to you or leases it back to you at a fixed margin throughout the financing period.

  • Can I repay early?

Yes, you can repay your financing early, either part or all of the financing amount.

  • What happens if I can no longer afford my rent payments?

You must inform your bank of your financial situation. The bank may grant you a reasonable payment plan if the reason is valid.

  • After my application is accepted, how long does it take to process?

Complete and accepted applications are processed within thirty (30) days.

The success of your projects is our mission.

Murabaha Investment is a contract for the sale of a specific asset with a profit margin known and agreed upon by both parties.

The bank purchases the movable or immovable property chosen by the client and resells it at the cost price plus a profit margin known and agreed upon by both parties. Payment is made in installments over a financing period that can last up to ten (10) years.

Certificate of Conformity Documents to be provided

Advantages

  • Compliant with Sharia principles;

  • Fast processing of financing requests;

  • Financing that can cover up to 100% of the asset price;

  • Repayment in quarterly installments with a grace period.

Frequently asked questions
  • What is the difference between a conventional loan and Islamic financing?

In Islamic finance, the bank purchases the asset and resells it to you at a fixed margin throughout the financing period.

  • Can I repay early?

Yes, you can repay your financing early, either part or all of the financing price.

  • What happens if I can no longer make the repayments?

You must inform your bank of your financial situation. The bank may grant you a reasonable extension to repay your remaining installments upon presentation of a valid reason.

  • After my application is accepted, how long does it take to process?

The complete application is processed within thirty (30) days.

The immediate solution for your investments is our mission.

Murabaha Operating Finance is a short-term financing method, formalized through a contract whereby the bank sells raw materials, finished products, and semi-finished goods to its client. These specific goods are acquired by the bank at their purchase cost plus a profit margin known and agreed upon in advance by both parties.

Certificate of Conformity Documents to be provided

Advantages

  • Compliant with Sharia principles;

  • Fast processing of financing requests;

  • Financing can cover up to 80% of the merchandise;

  • Stimulates the operating cycle;

  • Increases revenue;

  • Reduces cash flow pressures.

Frequently asked questions

  • How does Murabaha Operating Finance work?

    The bank purchases a specific asset and resells it with a profit margin known and agreed upon in advance.

     

  • Can I pay in advance?

    Yes, you can pay before the repayment date.

  • Can I repay in two or three installments?

    The refund will be issued in a single payment.

  • After my application is accepted, how long will it take to process?

    The complete application will be processed within thirty (30) days.

Together for the realization of your projects

ISTISNA’A real estate development is a contract by which the client applying for financing requests the bank to finance a real estate project requiring a construction process. The bank intervenes through a parallel Istisna’a contract and contracts the developer to carry out the project.

Certificate of Conformity Documents to be provided

Advantages

  • Compliant with Sharia principles;

  • Fast processing of financing requests;

  • A competitive profit margin.

  • Financing can reach:

  • 70% of the total project cost for expansion, development, refurbishment, renovation, restoration, rehabilitation, restructuring, and reinforcement of real estate (residential, commercial, and professional premises);

  • – 60% of the total project cost for the construction of real estate intended to meet the developer’s own needs.

Frequently asked questions

  • What operations are related to Istisna’a financing for “real estate developers”?

    This financing option is dedicated to the following operations:

    The construction, extension, development, refurbishment, renovation, restoration, rehabilitation, restructuring, and reinforcement of real estate (residential, commercial, and professional premises) intended for sale and/or rental;

    The development of real estate to meet the developer’s own needs;

  • Can my contribution be in kind?

    Yes, the client’s advance payment can be in kind, such as land, progress payments, or in cash.

     

  • Can I choose the construction company?

    Yes, the construction company is chosen by the client, provided that the client does not hold more than 33% of the construction company’s capital.

     

  • Who bears the appraisal costs ?

    The real estate developer bears the costs of coordinating all operations related to studies, research, appraisals, as well as the registration and cancellation of the mortgage.

  • After my application is accepted, how long does it take to process?

    The complete application is processed within thirty (30) days.

The optimal solution for your needs

SALAM offers the advantage of allowing the Bank to directly advance funds to its client, acting as the buyer and granting the client a delivery period. Furthermore, the mandate agreement allows the client to continue dealing normally with their existing clientele, provided that they do so on behalf of the bank.

Certificate of Conformity Documents to be provided

Advantages

  • Compliant with Sharia principles;

  • Fast processing of financing requests;

  • Financing can reach 100% of the revenue entrusted to the bank, with a minimum of 15 days’ notice;

  • Reduced strain on your cash flow.

Frequently asked questions

  • How does SALAM financing work?

    Salam can be defined as a sales contract with deferred delivery of goods. Thus, unlike Murabaha, the bank does not act as the seller of goods purchased on behalf of its partner, but as the buyer, making upfront payment for goods that will be delivered to it later by its partner.

     

  • Can I pay in advance?

    Yes, you can pay before the repayment date.

     

  • Can I repay in two or three installments?

    Repayment can be made in one or more installments, provided the delivery date agreed upon by both parties is maintained.

     

  • After my application is accepted, how long does it take to process?

    The complete application is processed within 30 days.