Murabaha by Wakala

Employees in the public / private sector

Program specification

• Maximum financing amounts up to EGP 3 million
• Maximum tenor repaymentup to 144months  
• Competitive Rate of Return in accordance with the Murabaha contract and Islamic Sharia
• least administrative fees
• Financing 100% of the value of the commodity/service to be financed
• The minimum age is 21 years, and the maximum is 65 years at the maturity date of the Murabaha
• Possibility of calculating additional income

• No guarantor required.

• A free Takaful insurance policy against the risks of death and total disability throughout the Murabaha period
• Under the supervision of the Sharia Board

Required Documents

• A copy of a valid national ID.
• Recent utility bill.
• Recent salary statement certificate “in case the salary is not transferred to our bank”
• Employer Letter of obligation.

*Terms and conditions apply

• Employees in the public / private sector

  Program specification

  • Maximum financing amount up to EGP 3 million
  • Maximum repayment period up to 120 months organizations .
  • Competitive Rate of Return in accordance with the Murabaha contract and Islamic Sharia
  • least administrative fees
  • Financing 100% of the value of the commodity/service to be financed
  • The minimum age is 21 years, and the maximum is 65 years at the maturity date of the Murabaha.
  • Possibility of calculating additional income.
  • No guarantor required
  • A free Takaful insurance policy against the risks of death and total disability throughout the Murabaha period
  • Under the supervision of the Sharia Board

  Required Documents

  • A copy of a valid national ID card
  • Recent utility bill

  *Terms and conditions apply

• Workers in the state / private sector

Program specification

• The largest financing amount of up to EGP 1.5 million
• The largest repayment period of up to 96 months
• Competitive rate of return in accordance with the Murabaha contract and Islamic Sharia
• Less administrative expenses
• Financing 100% of the value of the commodity/service to be financed
• The minimum age is 21 years, and the maximum is 65 years at the maturity date of the Murabaha.
• Possibility of calculating additional income, if any
• The employer is not a guarantor of the Murabaha
• A free Takaful insurance policy against the risks of death and total disability throughout the Murabaha period
• Under the supervision of the Sharia Board

Required Documents

• A copy of a valid national ID card
• Recent utility receipt
• Statement of monthly income

Program specification

• Maximum financing amount up to EGP 1.5 million
• Maximum repayment tenor of up to 120 months
• Competitive rate of return in accordance with the Murabaha contract and Islamic Sharia
• least administrative fees
• Financing 100% of the value of the commodity/service to be financed
• The minimum age is 21 years, and the maximum is 65 years at the maturity date of the Murabaha.
• Possibility of calculating additional income.
• No guarantor required
• A free Takaful insurance policy against the risks of death and total disability throughout the Murabaha period
• Under the supervision of the Sharia Board

Required Documents

• A copy of a valid national ID
• Recent utility bill
• Statement of monthly income

*Terms and conditions apply

• business owners

Program specification

• Maximum financing amount up to EGP 3 million
• Maximum repayment period up to 72 months
• Competitive rate of return in accordance with the Murabaha contract and Islamic Sharia
• least administrative fees
• Financing 100% of the value of the commodity/service to be financed
• The minimum age is 25 years, and the maximum is 65 years at the maturity date of the Murabaha.
• For customers who have accounts with our bank or with other banks
• A free Takaful insurance policy against the risks of death and total disability throughout the Murabaha period
• Under the supervision of the Sharia Board

Required Documents

• A copy of a valid national ID
• Recent utility bill
• A copy of the "valid" tax card
• Recent commercial registration (not older than 6 months)
• A bank account statement for the last 6 months in the name of the customer or his company, or the account statement of the POS machine transactions
• A copy of the last amendment to the company’s articles of incorporation to determine the share of the partner

*Terms and conditions apply

 

• Freelancers

Program specification

• Maximum financing amount up to EGP 3 million
• Maximum repayment tenor up to 72 months
• Competitive rate of return in accordance with the Murabaha contract and Islamic Sharia
• least administrative fees
• Financing 100% of the value of the commodity/service to be financed
• The minimum age is 25 years, and the maximum is 65 years at the maturity date of the Murabaha.
• For customers who have accounts with our bank or with other banks
• A free Takaful insurance policy against the risks of death and total disability throughout the Murabaha period
• Under the supervision of the Sharia Board

Required Documents

• A copy of a valid national ID
• Recent utility bill
• A copy of the "valid" tax card.
• Permit to practice the profession
• A bank account statement for the last 6 months in the name of the customer or his company, or the account statement of the POS machine transactions

*Terms and conditions apply

Program specification

• Maximum financing amount of up to EGP 1 million
• Maximum repayment tenor up to 120 months
• Competitive rate of return in accordance with the Murabaha contract and Islamic Sharia
• least administrative fees
• Financing 100% of the value of the commodity/service to be financed
• The minimum age is 21 years, and the maximum is 65 years at the maturity date of the Murabaha.
• For customers who have accounts with our bank or with other banks
• A free Takaful insurance policy against the risks of death and total disability throughout the Murabaha period
• Under the supervision of the Sharia Board

Required Documents

• A copy of a valid national ID
• Recent utility bill
• Recent pension Certificate

*Terms and conditions apply

Program specification

• The maximum financing amount is up to 90% of the value of the savings pool
• The maximum financing amount is EGP 100 million
• The maximum repayment tenor up to 120 months
• Competitive rate of return in accordance with the Murabaha contract and Islamic Sharia
• least administrative fees
• Financing 100% of the value of the commodity/service to be financed
• Availability of repayment periodic (monthly - quarterly) as desired by the customer
• The collateral saving vessel must be with our bank
• Under the supervision of the Sharia Board

Required Documents

• A copy of the valid national ID (for Egyptians)
• A copy of the passport (for foreigners)

*Terms and conditions apply

• Surrogate income for Doctors based on years of experience
• Surrogate income for doctors and university professors
• Surrogate income for members of judicial bodies "treatment allowance"
• Surrogate income for Owners of savings accounts "Time deposits - saving certificate"