The Modaraba is engaged in the business of leasing (Ijarah),
Musharaka, Murabaha financing and other related business.
In terms of mode wise financing, Diminishing
Musharaka retained the highest share (32.9 percent) in overall financing of Islamic banking industry followed by
Musharaka (19.7 percent).
Customers can finance their homes using various Shari'a-compliant instruments including Ijara financing and Diminishing
Musharaka, which deliver the ultimate sense of comfort and offer ethical, quick and hassle- free solutions.
Bank Nizwa's property finance solutions offer the options of Ijara/Forward Ijara scheme in which the bank buys a property and then leases it to the customer or Diminishing
Musharaka where the customer and the bank enter into a partnership to acquire the asset and gradually the partner's share in the partnership increases and the bank's share reduces to zero.
We are delighted to have Bank Nizwa offer our customers a competitive home financing scheme based on Islamic finance and look forward to continuing this collaboration in other projects." Bank Nizwa's property finance solutions offer the options of Ijara/Forward Ijara scheme in which the bank buys a property and then leases it to the customer or Diminishing
Musharaka where the customer and the bank enter into a partnership to acquire the asset and gradually the partner's share in the partnership increases and the bank's share reduces to zero.
"
Musharaka Conference" 2018, the Group's annual platform on
The most popular Sukuk structures include the Sukuk Al Ijara, based on a lease finance structure, Sukuk Al Mudaraba based on a joint investment structure and Sukuk Al
Musharaka based on a partnership structure.
Some of the modes of Islamic banking/finance include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping),
Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing).
Within the framework to implement the group strategy and achieve its vision, Nama Group will conduct the fifth edition of its annual
Musharaka Conference at the Oman Convention and Exhibition Centre in December.
While the Islamic banking regulations, governed by the Shariah Committee for Participative Finance in the central bank, allows five popular types of Islamic finance transaction, (murabaha,
musharaka, ijara, mudaraba and salam), murabaha -- a credit sale for a markup -- has proven most popular for participation banking clients, which prefer it for real estate and automotive financing, Jouahri said.
Mode wise breakup of financing (gross) demonstrates that share of Diminishing
Musharaka remained higher in overall financing of IBI followed by
Musharaka and Murabaha.
financing (gross) shows that the share of Diminishing
Musharaka