Skip Ribbon Commands
Skip to main content

The Car Murabaha

The idea of the product:

It is a future installment Murabaha program to finance buying cars. The program is based on the Murabaha system where clients first obtain a price offer from the supplier. Afterwards, the bank repays the value of the car to the supplier then implements the Murabaha process for the client with the profit margin agreed upon. Then the total purchase value of the car will be distributed on a group of installments that the bank and client agree upon.

The car Murabaha is provided to Egyptians through the following funding programs:

  • Employees with the pledge of the employer to transfer salary/monthly installment.
  • Employees with proof of income.
  • Self-employed individuals and owners of commercial and industrial activities with a proof of income.
  • Owners of saving funds.

The general conditions to provide Murabaha:

  • A competitive rate of return.
  • The minimum age is 21 and the maximum is 60 for employees, and 65 for the self-employed and owners of commercial and industrial activities by the expiry date of the Murabaha period.
  • Maximum value of Murabaha is EGP 500,000.
  • The maximum financing rate is 100% of the car’s value (according to specific conditions).
  • The maximum of the Murabaha period is 84 months.


Basic documents required:

  • An application to request the Car Murabaha.
  • A copy of a valid National ID card.
  • A recent bill (gas/electricity/water/land line) on the residence place.
  • A price offer of the car requested to be financed.

For employees:

  • A statement of the salary breakdown.
  • The employer’s pledge to transfer salary/monthly installment (in case of the employer’s pledge).

For self-employed individuals and owners of commercial and industrial activities:

  • A copy of the tax card.
  • An official transcript of the commercial record of the commercial and industrial activities.
  • A permit for profession practicing for the self-employed.
  • A statement of account of a six-month period.


Additional benefits:

  1. All according to the provisions of the Islamic Shariaa (law) and under the supervision of a legitimate authority.
  2. A free insurance document against death and total disability throughout the Murabaha period.
  3. The car can be licensed under the name of a third party, whether a family individual or a company (according to specific conditions).
  4. The Murabaha to buy a car can be provided with the guarantee of saving funds in the Egyptian pound, including certificates, saving accounts and deposits.
  5. The car Murabaha can be provided for the purchase of a used car with the guarantee of the saving funds.


*All terms and conditions apply