Murabaha is Arabic for ‘sale on mutually agreed profit’. It is also the name for Al Yousufʼs Retail Credit Department’s successful finance scheme for rented, leased, and purchased vehicles.
Technically, Murabaha facilitates a contract of sale, in which the seller declares both cost and profit, and the buyer agrees to pay the total amount in staggered installments. All Murabaha contracts and agreements comply with the requirements of Shariah Law, and often, are different from conventional documentation, to the benefit of customers.
The Murabaha Ideal Car Purchase allows customers to buy any vehicle, boats, outboard motors, motorcycles, etc, from any of our showrooms, and pay for it over a series of periodic installments at an agreed price. Our department also provides finance promotion scheme to Outboard Marine (OBM) engines, and offers extended warranty for the same.
This scheme is ideal for expatriates and Emiratis, who are employed with salary transfers assigned to any bank in the UAE, or for self-employed applicants.
For more information, please Contact Us