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Any commodity or good can be purchased and resold according to the Principles of Islamic Shariah – Al Salam Bank is prepared to buy them for you through the Commodity and Goods Murabaha Sales..
Main features of the Commodities and Goods Murabaha Sales:
Finance through an Islamic Shariah method that is based on riba-free selling and purchasing
Fixed profit rate which is not subject to any increase following the signing of the agreement.
How to Apply?
Consumer Goods:
- Original passport and a copy duly attested
- Quotation from supplier of the required goods to be in the name of the bank
- Transfer of salary of both customer and guarantor
- Repayment at pre-determined period
Commercial Goods for Corporations:
- Valid trade license.
- Appropriate guarantee e.g. transferred salaries, blocking of deposits etc.
Please Note: Finance transaction is approved subject to banks approval policy.
Point of delivery of Service:
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