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Sharia'h Fatwas

Mashreq Al-Islami's Sharia'h Supervisory Board always approves each and every product and or service we extend to our clients. In order to be fully transparent to our customers, we are providing all Sharia'h approved Fatwas for their reference

Resolution on Transacting with Mashreq AI-Islami the Islamic Banking Subsidiary of Mashreq

Personal

Liabilities & Investment Solutions

• Current Account
• Saving & Investment Account - Mudarabah
• Wakala Investment Account 
• Takaful / Investment Product from Dubai Islamic Insurance and Re-insurance (Amman)
• Selling of third Party Sharia'h Compliant Funds

Assets

• Murabaha Share Finance
• Murabaha Vehicle Finance
• Ijara Home Finance
  - Ijarah With Promise to Sell
  - Ijarah Mawsofa With Promise to Sell
  - Ijarah - Purchase & Leaseback
  - Refinancing Ijarah Home Transaction
  - Musharakah With Forward Ijarah Finance
• Manfaa Sale Agreement
• Goods Murabaha - Personal Finance
• Tawaruq - Commodity Murabaha
• Credit Card (Under Development)
• Financing Share Issuance (IPO)

Business

Institutional Liquidity & Investment Solutions

• Current Account
• Saving and Investment Acount - Mudaraba
• Wakala Investment Account
• Reverse Commodity Murabaha
• Capital Protected Wakala Investment
• Restricted Mudarabah Investment Account
• Structured Murabaha Investment
• Short Term Inter Bank Wakala Investment
• Developers Trust Accounts

Assets

• Working Capital Financing
• Wakala Based Working Capital Financing (Product Under Development)
• Murabaha Based Running Finance (Product Under Development)
• Murabaha Share Finance
• Tawaruq (Commodity Murabaha)
• Istisna'a Contract
• Musharakah Finance
• Musharakah With Forward Ijarah Finance
• Murabaha in International Commodities - Financing
• Ijarah With Promise to Sell
• Ijarah Mawsofa With Promise to Sell
• Ijarah - Purchase & Leaseback
• Musharakah With Forward Ijarah Finance

Trade Finance

• Letters of Guarantee [Kafala]
• Letters of Credit
• Avalisation
• Murabaha based Financing against documents shipping

Treasury & Capital Markets

• Islamic Profit / Rental Rate and Currency Swap
• FX Option - Unilateral Wa'ad to enter into Foreign Currency Sale / Purchase Agreement
• Mashreq Al Islami Shariah Compliant Income Fund
• Structured Wakala Investment
• FX Forward - Shariah Compliant FX Wa'ad Structure
• Murabaha Based Sukuk Finance

Islamic Equity Brokerage

Shariah Compliant Fixed Income Securities Brokerage

Risk Participation Agreement