Term Murabaha Account

An account which is based on the principle of Murabaha. After the bank purchases the commodity from the client, a mechanism is agreed upon to pay the amounts guaranteed & owed by the bank to said client. Payment is based on the client's choice of the following:

  • Monthly: One lump sum payment consisting of Capital and Profit monthly
  • 3 Months: One lump sum payment consisting of Capital and Profit after 3 months
  • 6 Months: One lump sum payment consisting of Capital and Profit after 6 months
  • 12 Months: One lump sum payment consisting of Capital and Profit after 12 months

 

* Terms & Conditions apply