Conventional Finance

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Mourabaha Internationale

Mourabaha Internationale

Mourabaha Internationale is an import financing technique compliant with Islamic Finance principles, intended for clients wishing to finance their import operations in accordance with the precepts of Shariah.

Client Request

The client submits a financing request to the Bank, specifying the goods to be imported and their specifications.

Bank Purchase

The Bank acquires the goods from the foreign supplier, at the client's request, through a documentary credit.

Resale to Client

The Bank resells the goods to the client at a price increased by a profit margin agreed in advance.

Repayment

The client repays the Bank according to pre-defined terms and deadlines, over a set period.

Eligibility Conditions

Not operate in a sector prohibited by Islamic Shariah.
Be up to date with tax and parafiscal obligations.
Hold merchant status (Commercial Code).
Maintain regulatory books and produce accounting documents.
Comply with foreign exchange regulations.
Not appear on bank domiciliation prohibition lists.
Provide a seriousness guarantee (Hamich Al Djidiya) minimum 10% of the VAT-inclusive price.

Operating Needs Financing

Goods: semi-finished products, raw materials for manufacturing.
Duration: 3 to 12 months.
Amount: not capped (file study).
Seriousness guarantee: 10% minimum of the goods price.
Repayment: at maturity.
Guarantees: mortgage and/or financial required.
Late penalty: 2.5% of the unpaid amount.
Study fees: from 30,000 to 120,000 DA excluding tax.
Margin: 7%, 7.5% or 8% depending on category (A-B-C).

Investment Needs Financing

Duration: medium to long term.
Amount: not capped (file study).
Seriousness guarantee: 10% minimum of the goods price.
Repayment: monthly, quarterly or semi-annually.
Payment deferral: possible.
Guarantees: all required compliant guarantees.
Late penalty: 2.5% of the unpaid amount.
Study fees: from 30,000 to 120,000 DA excluding tax.
Margin: 5.75% (2-4 years), 6% (5-7 years), 6.25% (>7 years).

Required Documents for the Financing Application Study

Legal Documents

Initial and amending articles of association.
Up-to-date trade register.
Copy of property title or lease of professional premises.
Recent tax and parafiscal documents.
NIF and NIS.
Activity authorization or approval (if required).

Financial Documents

Financial statements of the last 3 fiscal years.
Recent accounting situation or closing balance sheet.
Forecast balance sheet (N+1).
Inventory and customer receivables statements.
Charge plan, specification sheets and contracts.
Technico-economic study of the project.
Recent pro-forma invoices and ANDI decision (if available).