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Financial Facilities/Services
Al-Mashreq Al-Arabi Islamic Bank for Investment , various legitimate and Sharia-compliant financing methods are used, suitable for all activities, whether commercial, industrial, agricultural, or real estate.
There are several Islamic financing methods, including: Murabaha financing, Musharakah financing, Mudarabah financing, Istisna’a financing, Salam financing, and Ijara financing.
Murabaha is currently the most common form of Islamic financing. It involves the bank purchasing a specific asset at the request of the customer and then selling it to the customer at a price that includes the original cost plus an agreed-upon return margin.
Financial products offered by the Al-Mashreq Al-Arabi Islamic Bank for Investment include
- Vehicle purchase financing
- Housing financing
- Financing backed by gold collateral Housing financing
- Financing to support medium and small projects (Iraqi Central Bank Initiative)
Additionally, among Islamic financing methods:
Mudarabah is an agreement between two parties where one party provides the capital (the bank), and the other party provides their efforts and expertise in managing this capital (the Mudarib). The profit is shared according to the terms agreed upon between them.
Musharakah is a direct financing method where the bank and the customer contribute a portion of the necessary funds to finance a project. The bank and the customer share the profit according to the agreed percentages or based on their respective contributions if no specific percentage is agreed upon.