Murabaha
Badr Al Islami, Mashreq’s Islamic Banking Division, offers a leveraging facility against the existing funds or share to boost the investment opportunities in the local markets. Leverage facilities provided under this service conform to Shariah principles and are only applicable to Islamic Shares listed in the local market.
Key features
- Leveraging up to 70% of total shares value
- Minimum tenor 1 month & maximum 1 year
- Profit Charges applied only on usage
- No early settlement charges
- Standardized documents
Fees & charges
- Profit rate is a EIBOR + 3%
- Processing fees total 1% of the leveraged amount with a maximum cap of AED 10,000/-
- Minimum leveraging amount AED 300,000/-
Eligibility
- Individual and Corporate clients who maintain shares portfolio with Mashreq Securities or any other broker and are willing to transfer those shares to Mashreq Securities.
- Minimum Portfolio of AED 430,000/-