Modes of financing                                                                                                     

Murabaha:

 It is contract of sale in which the seller declares his cost and the profit .

 

Musharaka:

 Musharaka means relationship established under contract by the mutual consent of the parties for sharing of profits and losses in the joint business  .

 

Mudaraba:

 Aform of partnership where one party provides the funds while the other provides expertise and management .

 

Mugawala:

 Is a contract in which a party undertakes to produce specific thing which is possible to be made according to a certain agreed upon specifications at determined price and for fixed date of delivery .

 

Salam:

 Salam means a contract in which advance payment is made for goods to be delivered later on

 

 

 


   Bank Services                


 
 
        Who's Online  : 28
 
         Vistor Counter
     free counters
 
Currency Rate
  • EUR                Sell       9.412   Buy    9.4591
  • US Dollar                Sell       8.0389   Buy    8.0791
  • Saudi Riyal                Sell       2.1438   Buy    2.1545
  • Sterling Pound                Sell       9.8564   Buy    9.922
  • Riyal Qatar                Sell       2.2004   Buy    2.2287
  • U.A.E Dirham                Sell       2.1881   Buy    2.199
  • Bahrain Dinar                Sell       21.323   Buy    21.4402
  • Japanese Yen                Sell       0.0667   Buy    0.0673
  • Omani Riyal                Sell       20.8711   Buy    20.9899
  • Kuwait Dinar                Sell       26.2401   Buy    26.3714
    
Designed By: GraphiX Design - www.graphix.sd