Goods Murabaha

Overview

  • Offered to meet the working capital/cash finance needs of your business.
  • Based on Murabaha mode of Islamic Finance
  • Finance available upto 2 Million
  • Very competitive profit rates
  • Flexible tenor of upto 5 years

Goods Murabaha is ideal to meet the Business requirements of customers. It is based on Murabaha mode of Islamic Finance. Through this product, you can purchase raw material and goods as per the specific needs of your business.

Fees and Tariffs

Processing fee  
1% of the principal finance amount (min AED 1,500)  
Early settlement charges  
2% of outstanding balance  

Eligibility

Applicants must be:

  • - Small & Medium Size Companies registered under UAE laws with valid commercial registration and trade license.
  • - Established for at least 1 year.
  • - To finance all Sharia compliant business activities.
  • - Quotation of goods to be purchased in the name of Al Wifaq.

Terms and Conditions

Terms & Conditions Apply

Al Wifaq reserves the right to change the profit rates, fees & tariffs, charges and terms & conditions at its own discretion, without any prior notice.

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