Planning to buy a property?
Murabaha real estate could be the solution you need.
Your values inspire us.
With CPA Murabaha, you can begin a journey that combines values and achievements.
What is Murabaha?
It is a Sharia-compliant financing option offered by the bank to private individuals for purchasing real estate, equipment or vehicles.
How does it work?
- First, the customer selects the property they wish to purchase and applies to the bank for financing.
- The bank then buys the asset and sells it back to the customer at a pre-agreed profit.
- By signing the Murabaha contract, the customer becomes the owner of the property.
Advantages of Murabaha:
- It complies with the precepts of Shari'a.
- A pre-negotiated financing contract.
- The customer becomes the owner of the property immediately after signing the contract.
What Murabaha offers does CPA provide for private individuals?
- Murabaha Vehicle.
- Murabaha Equipment (Tadjhiz).
- Murabaha Real Estate (Aqar)
Murabaha Real Estate (Aqar) enables you to acquire a property or premises of your choice (new or old, collective or individual) with Shari'a-compliant financing.
Who is eligible?
Mourabaha Real Estate (Aqar) is intended for private individuals of Algerian nationality who are residents and meet the following conditions:
- Have legal capacity
- Be under 75 years of age
- Have a stable, regular income of at least 20,000 DZD.
What is the amount?
- The amount of financing can reach 100% of the price of the property to be purchased.
- It is mainly determined on the basis of the borrower's income, and potentially that of their guarantor.
- The monthly instalment percentage is prorated according to the customer's net monthly income.
What is the duration?
- Property (collective/individual, new or old): The repayment period can be up to 40 years, subject to an age limit of 75 years. A deferment period may be granted at the customer's request.
- Premises: The repayment duration may be up to 15 years, subject to an age limit of 75. A deferment period may be granted at the customer's request.
Savings effort benefits:
The following conditions must be met to benefit from the savings effort advantages:
- An Islamic savings account must have been open with the bank for at least one year.
- To have accumulated a profit of at least 5,000 DZD.
Savers who meet the savings effort conditions will benefit from the “Saver” margin rate on Murabaha real estate financing products for private individuals.
The added value of CPA Mourabaha:
- Customer care in an area dedicated to Islamic finance.
- Trained staff to assist you.
- Multi-channel assistance to answer all your questions.