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 fixed period, with a rental price corresponding 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 asset.
Advantages
- Compliant with Sharia principles;
Fast - processing of financing requests;
- Financing up to 50,000,000 DZD;
- Possibility of financing the start-up and creation of projects;
- Fixed rental price 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;
- A competitive profit margin;
- The bank covers the insurance costs for the entire duration of the financing.
Frequently asked questions
- What is the difference between a conventional loan and Islamic finance?
In Islamic finance, the bank purchases the asset and then sells it back to you or leases it to you at a fixed margin for the entire 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 and considered extension to pay your rent 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 immediate solution for your investments is our mission.
Mourabaha Exploitation is a short-term financing method, formalized by a contract under which the bank sells its client raw materials, finished and semi-finished products; specific goods acquired by the bank, at their purchase cost plus a profit margin known and agreed upon in advance by both parties.
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 pre-determined profit margin.
- Can I pay in advance?
Yes, you can pay before the repayment date.
- Can I repay in two or three installments?
Repayment is made in a single payment.
- After my application is approved, how long does it take to process?
The complete application is 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 of up to ten (10) years.
Who can benefit?
Murabaha Investment financing is intended for:
- Traders;
- Businesses;
- Professionals.
How to benefit?
- The client chooses the movable/immovable property they wish to purchase using the Murabaha Investment formula.
- We review and process the client’s application.
- Once the financing is approved, the bank purchases the chosen property and resells it to the client.
Conditions
| Description | Conditions |
| Funding Amount | Can cover up to 100% of the property price without exceeding 70% of the project cost |
| Duration | 5 to 10 years |
| Profit Margin | 8% (excluding VAT) for medium-term financing 9% (excluding VAT) for long-term financing |
| Management Committee | 0,5% of the total financing amount excluding VAT |
Advantages
- Compliant with Sharia principles;
- Fast processing of financing applications;
- Financing that can cover up to 100% of the property 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 buys the property and resells it to you at a fixed margin throughout the financing period, whereas conventional finance offers you a loan with interest to acquire the property.
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 make the repayments?
You must inform your bank of your financial situation. The bank may grant you a reasonable grace period to settle your outstanding payments.
After my application is accepted, how long does it take to process?
The complete application is processed within thirty (30) days.
Online Purchase
It is possible to purchase on one of our partners’ online sales platforms using Murabaha financing:
- MAGREB TRUCK “MAN”
