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 :

Any natural person of an Algerian nationality;
Have a fixed residence in Algeria;
Be over the age of 65 on the date of the funding application.

Funded amount :

The amount of Mourabaha Consumption cannot exceed one million Algerian dinars (1,000,000DA);
The maximum amount of Mourabaha Consumption financing must not exceed 80% of the amount of the property to be financed, including all taxes (TTC).

Related products:

Islamic cheque account.

Fuding Projects:

New equipments.

Profit margin:

The profit margin to be applied is 8.50%.

Duration of payment by instalmnets:

Is between three (03) months and thirty six (36) months.

FAQ

What is BDL Murabaha Consumption?
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).
What products does Murabaha Consumption BDL cover?
The BDL consumption murabaha is intended for the acquisition of:
1. new goods manufactured or assembled in Algeria.
What are the eligibility conditions for BDL consumption murabaha?
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.
What is the BDL Consumption Mourabaha Financing Amount?
The amount of Mourabaha Consumption cannot exceed one million dinars (1000 000DA), taking into account the nature of the good(s) to be acquired.
What is the debt capacity in Mourabaha Consumption BDL?
Taking into account the current level of the SNMG, the monthly installment payment Mourabaha Consumption is limited to:
1. 15% of the net monthly income regularly received by the purchaser of the property, when his income is greater than or equal to one and a half times the SNMG and less than or equal to three (03) times the SNMG;
2. 25% of the net monthly income regularly received by the purchaser of the property, when his income is greater than three (03) times the SNMG and less than or equal to six (06) times the SNMG;
3. 30% of the net monthly income regularly received by the purchaser when his income is greater than six (06) times the SNMG.
What are the pricing conditions applied to BDL Mourabaha Consumption?
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
What is the duration of payment in BDL Mourabaha consumption?
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.