ATIB Islamic Banking

Experience transparent, and innovative banking solutions with our various Islamic banking products that serve your business financial needs while aligning with your values and Sharia provisions, in which it is not allowed to buy and sell trades using an interest rate between sellers, but what is known as the profit margin ratio is substituted for it.

Murabaha

In this form of financing, the bank will purchase the commodity/item from the authorized dealer (the vendor) at the customer's request and sell it to the customer at an agreed price after the bank possesses it. The advantage is that the customer knows the bank's profit markup and installment when concluding the deal and never changes throughout the financing term.

Ijarah (Leasing Equipment)

In this form of financing, the bank buys a property at the customer's request and then leases it for the customer for a specified period,with a promise to sell at the end of the lease term

Istisnaa (Manufacturing Contract)

Istisnaa is a product where the bank manufactures a described item according to the customer's request by dealing with another manufacturer (vendor) to construct a specific item through a parallel Istisnaa contract. After the payment and installment agreement, the bank delivers the requested item after it has been manufactured to the customer.

The Investment Account

ATIB investment account is an Islamic account in which the bank receives funds from those wishing to invest their money based on the 'Mudharaba' contract, according to which the customer (Rabb Al-Mal) authorizes the bank (Al-Mudharib) to invest the balance of the account in a business venture that is in conformity with the provisions of Islamic Sharia and in a manner that achieves the interest of both parties, provided that the profit is shared in proportion after the safety of the invested capital.

Musharakah (Partnership)

Musharakah is a partnership-based Islamic finance product that allows ATIB to pool its resources with other customers' business or investment ventures and share in the profits and losses of the venture.

At ATIB, we provide three types of Musharakah:

Importing Musharakah

agreement with the customer to finance transactions to import goods abroad. At a specific time, the bank ends up selling its share to its partner (the customer) according to the contract of sale.

Diminishing Musharakah

It is a form of partnership in which one of the partners (the customer) promises to buy the equity share of the other partner (the bank) gradually until the equity title is transferred entirely to the customer.

Constant Musharakah

is a type of Musharakah in which the partners' shares in the capital don't change throughout the Musharakah tenor. Instead, the shares remain consistent, with each entitling its respective partner to their share in profits (and associated liability for losses if they occurred) according to the terms set out in the contract.

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