Commodity Murabaha Special Investment

Overview

Whom does it benefit?

The Commodity Murabaha Special Investment is a Shari'a compliant special investment product that allows you to earn profit from trading while remaining true to Islamic teaching. It operates in strict accordance with the ruling and guidance given by our Shari'a supervisory board.

As you are aware, Shari'a principles do not allow for interest on these products. Instead, through a commodity transaction arranged by us, we ensure that you are able to invest your funds with us to generate fixed income based on an agreed Murabaha profit rate.

Features and Benefits

• Minimum deposit amount of AED 500,000.
• Available in Pound Sterling and US Dollars - The minimum requirement in foreign currency should be equivalent to the value of AED 500,000 depending on the currency exchange rate on the date of the deposit.
• No brokerage - No intermediate parties involved, does not attract brokerage.
• Competitive Profit - Profit according to the current market benchmarks.
• Pre-agreed profit rate with profit paid on maturity.
• Shari’a compliant commodity will be used for trading.
• Profit credited directly to the nominated account.

Requirements

• Current account with Commercial Bank of Dubai Al Islami (funds should be available in the nominated account at the time of agreeing the rate and terms of the deposit.
• Legal documentation
• Commodity Murabaha special investment deposit agreement
• Letter of intent
• Offer to purchase and acceptance to sell the commodity
• Acceptance of offer letter

For more information, please contact your Commercial Bank of Dubai Al Islami Relationship Manager or call 800847.

*Terms & Conditions apply.