Murabaha Product Financing
(Loan & Financing)
Murabaha Product Financing
Definition of Murabaha {sale is to sell the item at cost plus a profit)
Important points of the Murabaha:
The client submits an application and business plan to the Bank.
The bank processes the customer’s application and plan.
If the bank accepts the request, it will independently purchase the purchased product.
After that, the Bank takes over the product and sends it to the customer who requested it.
After the bank has bought and taken over the product, it sells the product as a first to the customer
Finally, the customer is followed up with the return of the investment he took.