Al-Murabahah is a “cost-plus” sale contract. It is a facility granted to customers for financing their short term working capital requirement by way of lump sum deferred payment cost plus profit.
Al-Murabahah is a “cost-plus” sale contract. It is a facility granted to customers for financing their short term working capital requirement by way of lump sum deferred payment cost plus profit.
Advance made by the Bank on behalf of buyer to pay the seller
Buyer pays the Bank on deferred payment term
The cost must be revealed
The price and tenure of the lump-sum deferred payment must be agreed upon by the Bank and the customer
The Bank appoints customer as an agent (Al-Wakalah) to purchase on its behalf
Marginal deposit may be imposed
Trade transactions for sight (D/P) only are allowed
Financing for item of saleable value; e.g. purchase of stock and inventories, spares and replacements, semi-finished goods and raw materials
AUSTRALIAN DOLLAR | AUD | 2.899000 | 2.740000 | 2.724000 |
BRUNEI DOLLAR | BND | 3.481000 | 3.274000 | 3.263000 |
CANADIAN DOLLAR | CAD | 3.243000 | 3.126000 | 3.109000 |
SWISS FRANC | CHF | 5.519000 | 5.273000 | 5.255000 |
EURO | EUR | 5.187000 | 4.897000 | 4.875000 |
STERLING POUND | GBP | 6.010000 | 5.743000 | 5.734000 |
NEW ZEALAND DOLLAR | NZD | 2.770000 | 2.569000 | 2.554000 |
SINGAPORE DOLLAR | SGD | 3.481000 | 3.274000 | 3.273000 |
UNITED STATES DOLLAR | USD | 4.540000 | 4.295000 | 4.278000 |
2025-04-18 08:35:04