( استجابة لقوله تعالى وأحل الله البيع وحرم الربا )
North Africa Bank with its new absolution. Islamic investments and finances
Thank God , North Africa Bank and by its employment staff who promised to devote their efforts and time to give the best they can of services to the bank’s customers according to Regulations of the Legal Authority an Islamic services according to Islamic code under the slogan ( invest your money according to Islamic code). The bank management and its qualified and well experienced staff put under your disposal the following Islamic formulas:-
It is a sale with the price of the first but with an increase in profitability as
- Simple profitability consisting two parties a seller and a buyer, where the seller is a trader owns the commodity without a prior promise to buy it by the buyer, thus the seller sells his commodity with the profits he thinks fit.
- Profitability sale by order to purchase, a newly created method for sale by simple profitability. This method clearly appeared in Islamic banks, where these banks act as brokers between the vendors and those welling to buy. This means that the customer who needs a certain and specified commodity can come to the bank and ask it to make available to it such commodity , with a non compulsory promise to the bank to buy such commodity. The two parties (the bank and buyer) agree on a certain price in advance. Then and after the bank verifies all related credit aspects buys the commodity, and then it sales it in installments to the buyer. This method was approved by the legal Control Authority , which include:
- Automobile profitability sale.
- Importing profitability sale.
- Profitability sale of the packages of durable goods (all types of house appliances).
It is a contract between the lessee and the leaser , where the leaser grants the lessee the right to use what the leaser holds against a certain amount for a certain term which may end by property ownership transfer.
There prototypes of leasing:
- Leasing by financing (A leasing ends with property ownership transfer).
- Leasing for managing (operating) (The leaser remains as the owner of the original).
n this case, two or more persons share their assets provided that they work
physically and share the profits while the losses are according to their shares. Leasing stipulations:
- The capital must be available.
- It must be in cash.
- Both shares must be in the same kind/homogeneous.
- The profit is a common part in all.
- Details are possible in profit.
- The losses always according to both shares of the capital. Names of branches all over the country.