MCB offers 3 broad Islamic fund based facilities:

• Ijarah
• Murabahah
• Diminishing Musharika Equipment

MCB’s Islamic Ijarah, analogous to the English term 'leasing’, is based on the ‘Ijarah wa Iqtina’ concept which means the sale of the asset to the lessee (customer) after the Ijarah has matured. Under this scheme, MCB will be the owner of the asset, and you (lessee) will be given the asset to use for a certain period of time in return for monthly rental payments. MCB will give a separate unilateral undertaking that it will offer to sell the asset to you (lessee) at the maturity of the Ijarah agreement at a price that may be equal to the security deposit amount, hence the term ‘Wa Iqtina’.

We currently offers 2 types Ijarah Products:

It is a contract between a buyer and a seller under which the later first purchases the goods at the request of the former i.e., customer and then sells it to same customer after adding profit.
               
Murabah Sale Price = Cost + Expenses incurred + Agreed Profit

For Details Click Here

It is a contract through which the bank and its client participate in the joint ownership of a property. The share of the Bank is further divided into a number of units and it is agreed that the client will purchase the bank’s share periodically, thus increasing his own share until all the units of the bank are purchased by him so as to make the client the sole owner of the property.

For Details Click Here