Calculation of Monthly Payments of Mourabaha Financing
What is Mourabaha Financing?
The concept of Mourabaha Financing in Morocco is as follows:
The client chooses a property and then goes to a participative bank to inform him and ask for Mourabaha financing.
As part of the Mourabaha financing, the participative bank buys this property and will become the owner.
The participating bank will resell this property to the client, "transfer of ownership" for a pre-agreed commercial margin.
The customer will pay monthly fees for up to 25 years.
Notary fees in the context of crowdfunding are financeable by the bank.
* Hamich Al Jidiya or advance of seriousness, is an advance requested to the customer, (between 5 and 10% of the amount of the good) and which allows the bank to confirm the engagement of the customer before the acquisition by the bank of the good.
This advance is returned to the customer at the end of the transaction.
The client chooses a property and then goes to a participative bank to inform him and ask for Mourabaha financing.
As part of the Mourabaha financing, the participative bank buys this property and will become the owner.
The participating bank will resell this property to the client, "transfer of ownership" for a pre-agreed commercial margin.
The customer will pay monthly fees for up to 25 years.
Notary fees in the context of crowdfunding are financeable by the bank.
* Hamich Al Jidiya or advance of seriousness, is an advance requested to the customer, (between 5 and 10% of the amount of the good) and which allows the bank to confirm the engagement of the customer before the acquisition by the bank of the good.
This advance is returned to the customer at the end of the transaction.
See a typical example :
If I borrow
1 000 000 Dhs over 15 years
I reimburse
180 monthly payments of 7 751 Dhs with an overall due amount of 1 395 180 Dhs (a profit margin of 395 180 Dhs)
What is Mourabaha Financing?
The concept of Mourabaha Financing in Morocco is as follows:
The client chooses a property and then goes to a participative bank to inform him and ask for Mourabaha financing.
As part of the Mourabaha financing, the participative bank buys this property and will become the owner.
The participating bank will resell this property to the client, "transfer of ownership" for a pre-agreed commercial margin.
The customer will pay monthly fees for up to 25 years.
Notary fees in the context of crowdfunding are financeable by the bank.
* Hamich Al Jidiya or advance of seriousness, is an advance requested to the customer, (between 5 and 10% of the amount of the good) and which allows the bank to confirm the engagement of the customer before the acquisition by the bank of the good.
This advance is returned to the customer at the end of the transaction.
The client chooses a property and then goes to a participative bank to inform him and ask for Mourabaha financing.
As part of the Mourabaha financing, the participative bank buys this property and will become the owner.
The participating bank will resell this property to the client, "transfer of ownership" for a pre-agreed commercial margin.
The customer will pay monthly fees for up to 25 years.
Notary fees in the context of crowdfunding are financeable by the bank.
* Hamich Al Jidiya or advance of seriousness, is an advance requested to the customer, (between 5 and 10% of the amount of the good) and which allows the bank to confirm the engagement of the customer before the acquisition by the bank of the good.
This advance is returned to the customer at the end of the transaction.
Documents to provide
National ID Card
Proof of address
Certificate of work or salary
Bank details
Last 3 payslips
Last 3 bank statements
National ID Card
Proof of address
State of commitment or salary certificate
Bank details
Last 3 bank statements
National ID Card
Proof of address
Pension certificate
Bank details
Last 3 bank statements
National ID Card
Proof of address
Certificate of annuity
Bank details
Last 3 bank statements
National ID Card
Proof of address
Professional card and business register (RC model J)
Bank details
Last 6 bank statements
Last balance sheet or role of license
National ID Card
Proof of address
Business register (RC Model J)
Bank details
Last 6 bank statements
Last balance sheet or role of license
National ID Card
Proof of address
Status Copy and Business register (RC Model J)
Bank details
Last 6 bank statements
Last balance sheet or role of license