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Financing solutions rooted in Islamic values and principles.
Ijarah is commonly used for medium- and long-term fixed asset financing, project financing, plant and machinery, equipment, vehicles, and such. It enables enterprises to acquire assets such as capital goods and high-cost equipment for which they do not have funds to make large up-front payments.
Fund your asset construction in a Shari’ah compliant manner with Forward Ijarah. This is a type of Islamic Financing that involves the sale of a clearly specified underlying asset that is currently being produced or constructed, as well as a forward lease agreement.
Murabaha is a sale transaction where the seller discloses the cost and profit to the buyer at the time of execution of sale.
Musharaka is an attractive financing tool for corporate clients who require financing for general business purposes. Under a Musharaka financing arrangement, and depending on the amount to be financed, the bank becomes a partner in your business, or in a specific business segment.
Fulfil your liquidity needs in the absence of business assets through Shari’ah compliant monetization tools. Tawarruq is a type of Islamic finance structure, which allows clients to meet their working capital and long-term financing requirements.
Mudaraba Finance is a partnership between a capital provider (‘Rab Al Mal’) and a business (‘Mudarib’)
Wakala is an agency contract, where the bank appoints the client to carry out specific Shari’ah compliant investment activities as per a specified plan, to generate expected returns.
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Ijarah
Features:
Used for large financing of assets such as Buildings, plant, machinery, generators, equipment etc for long tenors. Helps align the cost of an asset with the benefit derived from the use of the leased asset
Ijarah
How it Works:
At Emirates NBD, we purchase the asset of your choosing on your behalf and then lease it to you for a particular period, in return for regular payments. After all payments have been made, ownership of the asset is transferred to you. Ijarah can only be issued for those assets that are not consumed during the course of their use.
Forward Ijarah
Features:
Forward Ijarah
How it Works:
The bank enters into an agreement with a client to finance various manufacturing and construction needs. We undertake to pay the contracted developer or builder in full, or as specific stages of the work are completed. Once the asset is ready, it is leased to the client who then pays the bank as per the agreed payment plan.
Murabaha Finance
Features:
Murabaha Finance
How it Works:
Murabaha involves the purchase of a specific asset by the bank at your request; subsequently, the asset is sold to you at a price that includes the principal cost and a pre-agreed mark-up, on a deferred payment basis.
Murabaha financing differs from conventional financing in a fundamental way – rather than simply advancing money to a client, the bank itself buys the goods from a third party at their request. In essence, the bank takes on the risk of ownership of the asset before selling it to the client.
Musharaka
Features:
Musharaka
How it Works:
Musharaka is a contract of partnership between two or more individuals or bodies in which all the partners contribute capital and share the profit as per pre-agreed ratios, and they bear the loss, if any, in proportion to their capital contribution.
To reduce the risks of losses caused by factors other than the negligence or misconduct of the client, Musharaka financing requires that clients maintain robust corporate governance and accounting structures and agree a specific mechanism for monitoring business performance.
Tawarruq
Features:
Tawarruq
How it Works:
The bank purchases commodities from a supplier (first sale) and sells them to client (second sale). The client then sells the commodities to a different supplier to fulfil their liquidity needs (third sale).
Mudaraba Finance
Features:
Mudaraba Finance
How it Works:
This is a contract whereby the bank as Rab Al Mal provides capital to customer or Mudarib for investing in a commercial enterprise. Profit is shared as per a pre-agreed ratio and losses are the responsibility of the bank, except in cases of negligence, misconduct or fraud, in which case the client becomes liable.
Wakala
Features:
Wakala
How it Works:
In Wakala contracts, the actual profit is distributed according to the profit ratio agreed upfront. The client or ‘wakil’ is able to specify expected returns from the funds provided by the bank for an agreed wakil fee.
The wakil will then make the investment to generate a return, which is carried out for and on behalf the bank (‘Muwakkil’). Parties can agree that any profits exceeding the agreed returns can be retained by the wakil as additional incentive, along with the wakil fee.
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