Sukuk Finance is a mode of Islamic financing using the Shariah compliant contract of Murabaha. Al Hilal Bank Sukuk Finance helps you purchase National Bond saving certificates according to your need. You can redeem these bonds directly from National Bonds to obtain cash to cater to your personal needs.
Murabaha is a Shariah compliant sale where the seller (in this case Al Hilal Bank) discloses the actual cost incurred in acquiring the National Bond saving certificates and then sells these to the buyer (in this case Al Hilal Bank customer) for an agreed profit. The buyer is aware of the cost and profit charged.
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