Bai-ul-Murabaha is a sale where seller (Bank) expressly mentions the cost incurred on the commodities and sells it to another person (Customer) by adding some profit or mark-up thereon which is known to the Buyer. Murabaha (cost plus profit) Government Employees Financing product is designed to enable those applicants who intend to buy any kind of vehicle (used or new), construction materials, home appliances, solar panel system, other sharia commodities for their personal or commercial use.

Features

☑ Installments: Easy and Reliable Monthly Repayment Plan.
☑ Easy processing: Easy Processed with All Documentation in Only Two Working Days for Individuals.

Criteria:

·         Financing limit: The maximum financing amount is AFN 700,000.

·         Age criteria: Customers must be between 18 and 60 years of age.

·         Financing period: The financing period is up to 3 years.

• Installment limit: Monthly installment payments should not exceed 35% of the applicant's monthly salary.
• Profit rate: The profit flat rate is 9% p.a.
• Personal Documents: Copy of Tazkira, Employee ID card and Bank Account Card.
• Form completion: Application form must be verified from the applicant’s employer prior to submitting documents to the Bank.

Required Documents:

• Personal Documents: Copy of Tazkira, Employee ID card and Bank Account Card.
• Financing Form: Application form must be verified from the applicant’s employer prior to submitting documents to the Bank.

Collateral/Security: one of below

• Financing is provided based on obtaining a financial guarantee from two employees whose salaries are issued through the BMA.
• Gold is accepted as collateral (70% of the gold's value is considered).
• Legal Pledge of Properties (Qabala Shara-e) with BMA.

For further details, please visit our nearest offices or contact BMA’s Customers Services by dialing 1312