Personal Murabaha Finance Solutions
Definition:
An Islamic Finance concept that is governed by Shari’ah principles. It is a contract between a bank and its client, by which the bank purchases goods and then sells them to the client at a cost that includes a profit margin. The contract requires specific installment payments to the bank. This arrangement allows the bank to avoid charging interest, which is forbidden under some interpretations of Islamic law.
Our Personal Finance Solutions include:
Vehicle Murabaha Finance
Quick, Competitive & Shari’ah Compliant
At UAB Islamic Banking we will provide you with banking solutions that match your beliefs. If you would like to own your favorite car, whether New or Used, but don’t want to pay it off at once, we can help you finance it. Under UAB’s Vehicle Murabaha scheme, the Bank will, at your request, purchase your dream car from the authorized dealer and sell the same to you at an agreed profit. The advantage is that you know our profit mark-up and your installment at the time of signing the deal, and it never changes throughout the financing term. This arrangement allows you to take immediate possession and ownership of your vehicle and spread your capital expenditure over a period of time.
Features:
- Affordable repayment
- Relaxed eligibility
- Long repayment period
- Quick approval and turnaround time
- 500,000 maximum amount
- No salary transfer required
- Competitive Pricing
Simply decide on the car you need to drive and visit our conveniently located UAB Islamic Banking branches
Goods Murabaha Finance
Affordable & Shari'ah Compliant
Goods Murabaha is a solutions concept; we designed Goods Murabaha to help you finance your goods, be it furniture, electronics, equipment or other household appliances. Under the Goods Murabaha scheme, the Bank will at your request purchase your goods from the authorized dealer and sell the same to you at an agreed profit. The advantage is that you know our profit mark-up and your installment at the time of signing the deal, and it never changes throughout the financing term. This arrangement allows you to take immediate possession & ownership of your goods and spread your capital expenditure over a period of time.
Key Benefits
- Compliant with Islamic Shari'ah principles
- Competitive profit rates
- Purchase any goods the customer requests
- Fixed profit rate during the finance terms
- Customer knows profit mark-up and installments at the time of signing the deal
Features
- No guarantors required
- Quick approval process
- Long tenor options available
- Early settlement available
- Installment amount and profit mark-up never change
- Discount on profit amounts with early payoffs
All you need to do is visit any of our conveniently located UAB Islamic Banking branches
