Want to move around freely?
The Murabaha Vehicle helps you find your way.
Your values inspire us.
With CPA Murabaha, the beginning of a beautiful story that combines values and achievements.
What is Murabaha?
Murabaha is a Shari'a-compliant financing method offered by the Bank to individuals for the acquisition of real estate, materials/equipment, or a vehicle.
How does it work?
• The customer chooses the item to be acquired and submits a financing request to the bank.
• The Bank purchases the item and resells it to the customer with a profit margin that is known and agreed upon in advance.
• By signing the Murabaha contract, the customer becomes the owner of the item.
Advantages of Murabaha:
- Compliant with Shari'a principles
- A financing contract negotiated in advance
- The customer becomes the owner of the item immediately after signing the Murabaha contract.
What Murabaha offers does CPA provide for individuals?
- Murabaha Vehicle;
- Murabaha Equipment (Tadjhiz);
- Murabaha Real Estate (Aqar).
What is the Murabaha Vehicle?
The Murabaha Vehicle allows you to acquire a new car or motorized motorcycle (two or three wheels), of your choice, manufactured or assembled in Algeria, with financing that complies with Shari'a principles.
Who can benefit?
Any Algerian national who meets the following conditions:
- Be under 70 years old
- Have a stable and regular income equal to or greater than 30,000 DZD
- Have legal capacity.
For what amount?
- The financing amount can reach a maximum of 90% of the vehicle's sale price,
- The financing amount is capped at: Automobile: 7,000,000 DZD - Motorcycle: 1,000,000 DZD.
- The monthly payment must not exceed 30% of the customer's net monthly income
For what duration?
The repayment period varies between:
- Automobile: 01 to 05 years, including the deferment period (granted at the customer's request)
- Motorcycle: 01 to 03 years, including the deferment period (granted at the customer's request)