Murahaba Investment - BB Bank

Murahaba Investment

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Murahaba Investment

Mudaraba is a partnership in profit whereby one party provides capital, and the other party provides skill and labor.

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+(252) 611 38 5050

Key Benefits and Features

This is a mode of investment that is usually used for the working capital finance requirement of the client

Client may place an order to purchase a good by the Bank and committing to buy the same from the Bank

It is a binding upon the Client to purchase the good

It is permissible to take cash / collateral security to guarantee the implementation of the promise or to indemnify the damages

Stock and availability of the goods is a basic condition

Bank must purchase the goods to acquire ownership

After purchase the Bank must bear the risk of goods until delivered

Bank must ensure delivery of the specified goods to the Client on specified date and at a specified place

The price once fixed as per agreement and deferred cannot be further increased

Agreed price will include cost price and profit

Bank must disclose the cost price and profit

Our Requirements

Filled Facility application form
Certificate of registration (CR)
3 years audited accounts
12 months bank statement
Flexible security i.e., logbook or title deed.
Director's joint and several guarantees
Company profile (overview)
Irrevocable salary assignment instructions from the employer
Three most recent months' pay slips from the employer
Employment Letter clearly stipulating the terms of engagement

How to Apply

Other related Finances

Saturday - Thursday : 8:00 am - 5:00 pm

Call for an appointment

BB Bank is a commercial bank offering Islamic banking services in Somalia with Sharia guidelines and banking regulations.

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