Working Capital Support
Supports the client’s working capital needs by financing goods required for ongoing business operations.
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Bai Muajjal (Credit Sale)
At Bank of Khartoum, we offer Bai Muajjal as a Shariah-compliant financing solution to empower our clients with flexible purchasing options. Bai Muajjal, or a credit sale, allows you to acquire goods today while paying at a later date, either through a lump sum or in installments.
Whether you choose a price that matches the spot rate or opt for a deferred amount, the terms remain fair and equitable. While Bai Muajjal involves a deferred payment structure, it adheres strictly to Islamic principles, avoiding any form of unjust delay or increase in price that could fall under the description of riba.
Whether you choose a price that matches the spot rate or opt for a deferred amount, the terms remain fair and equitable. While Bai Muajjal involves a deferred payment structure, it adheres strictly to Islamic principles, avoiding any form of unjust delay or increase in price that could fall under the description of riba.
Features
Client-Selected Goods
The Bank purchases goods chosen by the client and resells them under an agreed arrangement.
Deferred Payment
The client pays the agreed sale price after a fixed period specified in the contract.
Ownership Before Payment
The bank will transfer the ownership and possession of the goods to the client before receipt of the sale price.
Commodity Risk
The bank will bear the risk of the goods after purchase until they are actually delivered to the client.
Benefits
Immediate Access
Acquire the goods your business needs immediately without paying the full purchase price upfront.
Enhanced Working Capital
Bai Muajjal can help businesses manage their cash flow and meet their working capital needs.
Shariah-Compliant Transactions
Conduct business financing in line with Islamic principles through a fair and interest-free structure.
Clear Financing Terms
Businesses can clearly understand the terms of the financing agreement, including the purchase price and repayment schedule.
Fair Contractual Arrangement
The terms of the agreement are designed to be fair and equitable for both the business and the bank.
Risk Covered by BOK
The Bank assumes the risk of the goods from purchase until delivery to your business.
