1 Day
Source:
وكالة الانباء الاردنية
Military Credit Fund Starts Share Murabaha
The Military Credit Fund announced the launch of an equity Murabaha financing product as a financial service compliant with Islamic Shariah provisions. The goal is to meet the needs of members and retirees of the armed forces and security agencies in Jordan. The financing allows beneficiaries to purchase shares by owning them through the fund and then financing this purchase via Murabaha, with a repayment period of up to six years and a competitive profit rate. Applications for the financing can be submitted electronically through the banking app or at the fund’s branches. This initiative is part of efforts to develop digital solutions and facilitate easy access to financial services.
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