Murabaha Consumption RAMADAN
What is it?
Murabaha Consumption Ramadan is an Islamic financing program offered by BDL that allows you to purchase new consumer goods during the month of Ramadan. The bank purchases the goods for you and resells them to you at a cost price plus a known and agreed-upon profit margin.
Who is eligible?
Individuals (natural persons) of Algerian nationality residing in Algeria, who are under 65 years of age and have a regular monthly income equal to or greater than 1.5 times the national minimum guaranteed wage.
What is the financing amount?
The financing amount ranges from 50,000 DA to 1,000,000 DA.
What is the profit margin applied?
Exceptionally for the month of Ramadan, the profit margin is 4.25% per year (excluding tax) instead of 8.50%.
What is the debt capacity?
The monthly payment of the Mourabaha Consommation Ramadan financing cannot exceed 30% of your monthly income.
What are the associated products?
An Islamic checking account is required.
What are the goods financed?
Computers, phones, tablets, TVs, household appliances, furniture, bedding, etc.
What is the financing period?
The financing period ranges from 3 to 36 months.
What is the offer period?
The offer is valid only during the month of Ramadan.
FAQ
• Must be under 65 years of age
• Have a regular monthly income equal to or greater than 1.5 times the national minimum guaranteed wage