Building lasting relationships
As part of our ongoing commitment to provide you with the right products, Al Rajhi Bank has developed a number of Islamic products that are designed to meet your business needs. Our products are structured in accordance with both international standards and Sharia requirements:
- Bai Al Ajel
- Murabaha
- Musharaka
Enjoy the benefits of our Finance
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Bai Al Ajel
Bai Al Ajel is a financing facility that provides cash to customers. The process involves selling the goods or commodities to customers, who later appoint the bank as the agent to sell the same goods in the market. The sale proceeds are then transferred to the customer. Payment for this facility is on a deferred basis and they can be made to the bank in instalments or in one lump sum.
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Murabaha
Murabaha contracts allow customers to purchase raw materials, capital goods and other consumables from local and international markets.
These goods are first bought by Al Rajhi Bank for its account on orders of the customers by paying cash or through Letter of Credit (LCs) and then sold to the customers with a profit margin on a deferred payment basis. Deferred payments can be made to the bank in instalments or in one lump sum.
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Musharaka
Musharaka functions like a limited partnership between Al Rajhi Bank and customers who need to import certain goods and equipment, but do not possess sufficient funds to do so. In this type of transaction, the customer provides a portion of the funds and Al Rajhi Bank provides the remaining funds. Al Rajhi Bank then issues LCs to import the goods.
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