All about bank loans, House Financing, Car Financing, Credit cards and Personal Loans

  Mudarabah Savings Account Mudarabah Savings Account is designed specifically to meet the requirements of customers who authorize the Bank to invest their cash deposits. Customers can deposit or withdraw money at any time they wish, and they will earn halal profits on their savings. Key Features & Benefits: ·          Joint Accounts: Permitted. (Max three individuals) ·          Free transfer of funds between accounts within the bank allowed. ·          Facility of multi-city/multi-branch banking, if opened in any of the networked branches. ·          You must be at least 18 years old. ·          Applicable only for individuals. ·          AIB International Debit Card facility ·      ...

Qardul Hasana Current Account Qardul Hasan Current Account is a profit-free account specifically designed to meet the requirements of the Bank’s customers. Account holders will have easy access to their account at any time to meet their personal or business expenses Key Features & Benefits: ·          Access your fund from all AIB branches across the country. ·          Transfer your fund inside &outside Afghanistan ·          Enjoy attached products such as: ATM Debit card, online banking, ·          Non-interest bearing account ·          Standing Order facility ·          Automated debit& credit account notification ·          Regular Statement ·    ...

Murabahah - Trade Finance Basis for pricing Fixed rate for different tenures Financing limit As per bank’s Internal Assessment for allocation of limit Minimum finance tenure 90 days Maximum finance tenure 1 Years Security / Collateral Requirements : ·         10% security deposit for loans less than 30,000 USD ·         Original Copy of Title Deed (Qabala of Immovable Property) or any collateral acceptable for Bank. ·         Loans over 30,000 USD – Properties are mortgaged in Bank’s favour. Guarantee: ·         2 companies or business entities or any other Guarantee acceptable for the Bank.# ·         Cash guarantee, Pledge, hypothecation of asset or as per Bank’s requirements.

Murabahah - Car Financing  Basis for pricing  Fixed rate for different tenures  Financing limit  Up to 100,000 (USD)  Finance Tenure  Up to 3 Years  Type of Vehicles to be financed  All types of Vehicle Security/Collateral Requirements : ·         10% security deposit for loans less than 30,000 USD. ·         Terminal benefit (Pension) as Security for (Salaried Individuals)   ·         Original Copy of Title Deed (Qabala of Immovable Property) or any collateral acceptable for Bank. (Self Employed) ·         Loans over 30,000 USD – Properties are mortgaged in Bank’s favour. Guarantee: ·         Personal guarantee by 1-2 Gov. Employees. “Salaried Individuals” ...

Marabahah Real Estate Finance (House finance) Basis for pricing Fixed rate for different tenures Financing limit Up to 200,000 (USD)   Finance tenure Up to 5 Years Security / Collateral Requirements : ·         Original Copy of Title Deed (Qabala of Immovable Property) or any collateral acceptable for Bank ·         Properties are mortgaged in Bank’s favour. ·         Up to 30% of the total cost as down payment if the property itself ·         Terminal benefit (Pension) as cash Security (Salaried Individuals) Guarantee: ·         Personal guarantee by 1-2 Gov. Employees. “Salaried Individuals” ·         Two companies or business entities or any other Guarantee acc...

Murabahah Home Appliances Finance Basis for pricing Fixed rate for different tenures Financing limit Up to 10,000 (USD) Finance tenure Up to 3 Years Security/Collateral Requirements: ·         Original Copy of Title Deed (Qabala of Immovable Property) or any collateral acceptable for Bank. (Self Employed) excluding Govt. Employees. ·         Loans over 30,000 USD – Properties are mortgaged in Bank’s favour. ·         Terminal benefit (Pension) as cash Security (Salaried Individuals) Guarantee: ·         Personal guarantee by 1-2 Gov. Employees. “Salaried Individuals”. ·         2 companies or business entities or any other Guarantee acceptable for the Bank for Self Employed.

Islamic Fixed Deposit Accounts Mudarabha (Fixed Deposit Account): ·         This account can be opened under Mudarabha principals for specific fixed term after signing an agreement with BMA. ·         Account can be opened as single or joint signatories. ·         Minimum balance for individual account is 25000AFs, 500 EURO or 500 USD. ·         Minimum balance for Cooperate Account is 50000AFs, 1000 EURO or 1000 USD. ·         No opening and closing charges. ·         No account maintenances fees.

  Islamic Saving Account Mudarabha ( Saving Account): ·         Mudarabha is a contract between BMA and customer where BMA manage the investment to make SHARIHA based profit, which is then distributed among them as per agreed ratio. ·         The customer agrees to share profit and loss under this account ·         Minimum balance for opening this account is 5000 AFs, 100 EURO or 100 USD ·         No opening and closing charges. ·         No account maintenances fees.

Islamic Current Accounts Current Account (Qard Hasana): ·         Islamic Banking Window of Bank Milli Afghan deposits public money Under Alwadia with guarantee of immediate repayment to customers without any delay. ·         No Interest, profit or loss will be shared between BMA and customer under this account. ·         Minimum balance for individual Accounts opening is 5000 AFs. , 100 EURO or 100 USD ·         Minimum balance for Cooperate Accounts opening is 10000 AFs, 200 EURO or 200 USD ·         No opening and closing charges. ·         No account maintenances fees.

Falah 3 Year Term Deposit Certificate (Monthly Income Certificate) With Falah 3 Year Term Deposit Certificates you earn high rate of returns on your savings with the flexibility of withdrawing your profits at your convenience as a regular source of income. You can place funds in this product if you are an individual or a business entity. It is a profit bearing fixed deposit account designed on the foundation of ‘Mudarabah’, where Bank is the ‘Mudarib’ (manager of the funds) and you, the customer is the ‘Rabb-ul-Maal’ (owner of funds). Bank at its discretion, use or employ your deposited funds in Shariah compliant modes such as Ijarah, Murabaha and Musharakah. Bank Alfalah Islamic Banking will share the profit on the basis of predetermined profit sharing ratio. The rate of return on your deposit will be determined through a Shariah approved mechanism called weightages, which are announced before the beginning of each calendar month and shall remain applicable for upco...