Murabaha is a service tailored for local commercial activities. Commercial employers can benefit from an added piece of mind from the service because it provides many benefits for them, such as:
1) No additional fees or commissions are imposed on top of the cost of this service.
2) The profit is known in advance, and does not include any increases that are not agreed upon or related to delays in repayment.
3) The customer determines an appropriate time period for repayment of the initial installment.
4) The Bank provides all of the necessary consulting and artistic services.
This type of investment account enables bank customers to purchase what they desire, whether from the local market (local Murabaha) or from the foreign market (external Murabaha). Its purchase takes place by opening a line of Murabaha credit, and then the commodity is resold in installments by the customer on condition that the commodity cost and profit are known to both parties.
