Can businesses get financing through Islamic banks?
Yes. Businesses can access Sharia-compliant financing.
Yes. Businesses can access Sharia-compliant financing.
Investment partnership: depositors provide capital, bank provides expertise; profits shared, losses borne by capital owners, except in cases of negligence or misuse by the bank.
Bank buys an asset and resells it to the client at a pre-agreed higher price, payable on installments.
The First MicroFinanceBank offers a range of Sharia-compliant financial products, including:
Via Sharia-compliant contracts: Murabaha (mark-up sale), Ijarah (leasing), Mudarabah & Musharakah (profit-loss partnerships).
Conventional banks charge/earn interest; Islamic banks share profit & loss and must be asset-backed.
Any guaranteed excess over principal without due consideration, which is strictly forbidden in Islam.
A banking system that follows Islamic Shariah prohibits interest (Riba) and bases earnings on trade, leasing, or profit-loss sharing.
Kabul, Afghanistan, 14 September 2025 A series of magnitude 6.0 earthquakes struck eastern Afghanistan. The epicenter was in Kunar Province. Neighboring Nangarhar and parts of Laghman were also hit hard. Homes, water sources, and livelihoods were damaged. Another strong quake on 4 September increased the damage and the need for urgent assistance. The worst hit … Read more