ع
Islamic Banking

Islamic Banking

( 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:-

Profitability

It is a sale with the price of the first but with an increase in profitability as
below:

Leasing

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:

Participation

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:

  1. The capital must be available.
  2. It must be in cash.
  3. Both shares must be in the same kind/homogeneous.
  4. The profit is a common part in all.
  5. Details are possible in profit.
  6. The losses always according to both shares of the capital. Names of branches all over the country.