Mudarabah Financing
Mudarabah is an investment contract where one party provides capital, and another party provides entrepreneurship. Fonebank offers Mudarabah-based financing products across various sectors, aligning with Sharia principles and catering to the diverse needs of individuals and businesses. Structure: The bank provides capital, and the client manages a business venture. Profits are shared based on a […]
Musharakah Financing
Musharakah is a partnership contract where all the parties are involved in capital for investment. Musharakah-based financing products for Islamic Microfinance Banking have been designed for clients across various sectors, aligning with Sharia principles while supporting economic development and financial inclusion. Structure: Joint venture financing where the bank and the client contribute capital for a […]
Deposit Mobilization through Mudarabah Contract
Introduction Mudarabah is a kind of partnership contract, where one party, known as Sahib-Al-Maal i.e. customer (Capital Provider) extends the capital, and the other party, known as Mudarib i.e.IFI/Bank (Fund Manager) provides skill and labor to manage the business complying Shari’ah principles. Sahib-Al-Maal cannot take part in the management of the business. Profit is shared as […]
Deposit Mobilization through Al-Wadiah Contract
Introduction FoneBank Ethical MicroFinance Banking offers its clients a current account titled the ‘Al-Wadiah Current Account’ (AWCA) based on Al-Wadiah principles of Islamic shari’ah. The Bank/IFI takes permission from depositors to utilize the funds and commits to return the deposited funds on demand by the clients. Clients can withdraw money as many times as they […]