A Sharia’h compliant financing solution that is designed to provide you with liquid assets as per your needs.

There are two main stages of Personal Finance

• Murabaha Stage: The bank and the obligor/customer enter into a commodity Murabaha contract that is governed by the Murabaha rules of the Shariah Supervisory Board. The customer will own either physically or constructively the assets subject of the Murabaha contract.
• Asset liquidation stage: Customers can choose either to sell/liquidate the commodity directly in the market on his own or through an agency agreement through the bank.

How does it work?

Generally speaking, this transaction is known as "Tawarrrouq" and its allowed for those transactions that cannot be fulfilled through other Islamic Banking means/structures, such as:

• Transferring obligations from a conventional debt structure to Islamic Banking Structure.
• Bridging short term financing, followed by long term financing using other Islamic Banking structures (Ijarah, Murabaha, Istisn'a)

What does it offer?

• Competitive profit rates that are flexible throughout the tenure of finance.
• Relaxed eligibility and affordable payment structure.
• higher finance amount over 48 months' tenor.

Where can I get it?

All you need to do is visit any of our conveniently located branches or call our customer service helpline 800 474.