Buy Goods Today

Pay Later

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.

Features

  • This mode of investment is usually used for the working capital finance requirements of the client.
  • The bank will purchase goods according to the client's choice for onwards sale to the client.
  • Payment of the sale price is deferred for a fixed period.
  • The bank will transfer the ownership and possession of the goods to the client before receipt of the sale price.
  • The bank will bear the risk of goods after purchase until those are actually delivered to the client. 
Benefits

  • Businesses can acquire goods or services immediately without having to pay the full cost upfront.
  • Bai' Muajjal can help businesses manage their cash flow and meet their working capital needs. 
  • Adheres strictly to Islamic principles, ensuring that transactions are fair and just.
  • Businesses can clearly understand the terms of the financing agreement, including the purchase price and repayment schedule.
  • The terms of the agreement are designed to be fair and equitable for both the business and the bank.
  • The bank assumes the risk of the goods until they are delivered to the business. 

How to Contact Us

Call Mubasher
Call Mubasher

+249187040600

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Email

info@bok.sd

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