MOURABAHA CONSUMPTION
What is it ?
Murabaha Consumption consists of the purchase of new goods and equipment by the Bank and resale at a cost price increased by a profit margin known and agreed in advance with the customer.
Category concerned :
Funded amount :
Related products:
Fuding Projects:
Profit margin:
Duration of payment by instalmnets:
FAQ
Mourabaha Consumption in a Bank consists of a sale in which the Bank (seller) discloses to the customer (buyer) the cost price of acquisition plus a known and agreed profit margin.
The Islamic counter EL BADIL BDL acts as the first buyer vis-à-vis the supplier and as a reseller vis-à-vis the buyer (the customer of the bank).
The Islamic counter EL BADIL BDL acts as the first buyer vis-à-vis the supplier and as a reseller vis-à-vis the buyer (the customer of the bank).
The BDL consumption murabaha is intended for the acquisition of:
1. new goods manufactured or assembled in Algeria.
1. new goods manufactured or assembled in Algeria.
The Mourabaha Consumption customer must meet the following eligibility conditions:
1. Be of Algerian nationality;
2. Have a fixed residence in Algeria;
3. Have reached the age limit of 65 on the date of the request for financing;
4. Be of legal majority and have legal capacity on the date of the funding request;
5. Justify a regular income, greater than or equal to one and a half times (1.5) the SNMG.
1. Be of Algerian nationality;
2. Have a fixed residence in Algeria;
3. Have reached the age limit of 65 on the date of the request for financing;
4. Be of legal majority and have legal capacity on the date of the funding request;
5. Justify a regular income, greater than or equal to one and a half times (1.5) the SNMG.
The amount of Mourabaha Consumption cannot exceed one million dinars (1000 000DA), taking into account the nature of the good(s) to be acquired.
The debt-to-income ratio is set at 30% of the net monthly income regularly received by the financing applicant.
1. Profit rate: 8.50%
2. File management fees: 0.00 DZD
3. Notification fees: 0.00 DZD
4. Penalty on advance payment: 0.00 DZD
2. File management fees: 0.00 DZD
3. Notification fees: 0.00 DZD
4. Penalty on advance payment: 0.00 DZD
The Murabaha consumption payment period cannot be less than three (03) months without exceeding thirty six (36) months.
A deferred payment may be granted for a period of one (01) month.
A deferred payment may be granted for a period of one (01) month.