Murabaha (Arabic مرابحة) In Islamic Fiqh, Murabaha is a sale where seller expressly mentions the cost incurred on the commodities and sells it to another person by adding some profit or mark-up thereon which is known to the buyer.
Murabaha is one of the most widely used modes of finance by the Islamic banks and Islamic financial institutions.
Sectors of Financing:
Currently AIB finance in the following sectors:
Monthly payment deduction to be made as per Tentative Payment Schedule dully accepted by client and his/her written standing instruction to recover the amount from his/her account.
Islamic Murabaha Financing Youtube Link
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