• FAQ
  • Tools
    • Loan Calculator
    • Exchange Rate
    • Branch Locator
    • Forms
    • COOPay-Ebirr Agent List
  • Vacancy
  • Blogs
logo
Internet Banking
Menu
  • About us
    Close
      • Haile-coop
        about us
      • Coopbank at a Glance
        • History
        • Vision
        • Mission
        • Core Values
        • Organizational Structure
      • Board of Directors
      • Shariah Advisory Committee
      • Executive Management
      • Annual Report
      • News
      • Media Gallery
      • Video Gallery
      • Awards
      • Customers and Partners
      • Reflections From The President
      • Branch & ATM Locator
      • Corporate Social Responsibility
      • Humanitarian Affairs
      • Economic Affairs
      • Environmental Affairs
      • Cultural Affairs
      • Educational Affairs
      • Health Affairs
      • Contact Us For More
  • Banking Solutions
    Close
      • banking solution
        e banking small
      • Deposit Products
        • Demand Deposit
        • Saving Deposit
        • Fixed Time Deposit
      • Trade Service
        • Import
        • Export
        • Money Transfers
        • Guarantee (Foreign)
      • E-Banking
        • Card Banking
        • COOPay-Ebirr
        • Michu
      • Loan and Advances
        • Collateralized commodity Financing (CCF)
        • Overdraft Facility
        • Merchandise Loan Facility
        • Pre-shipment Export Credit Facility
        • Letter of Guarantee Facility
        • Term Loan
        • Agricultural Term Loan
        • Motor Vehicle Loan
        • Revolving Export Credit Facility
      • Other Financings
        • Partial Financing For Acquired And Foreclosed Collateral
        • Equipment/machinery Lease Financing
        • Import Letter of Credit Settlement Loan
        • Contact Us For More
  • Cooperatives
    Close
      • hands (2)
        coporate2
      • Cooperatives and Coopbank
      • Cooperatives Saving Products
        • Cooperative Saving
        • Requirements
      • Cooperative Financing
        • Working Capital Loan
        • Agriculture Mechanization
        • Agriculture Processing
        • Export Financing Facilities
        • Others
      • Cooperatives Capacity Building and Advisory
        • Capacity Building and Advisory Services
        • Intended Impact of Coopbank’s Advisory Services
        • Stakeholders to Partner with Coopbank
        • Contact Us For More
  • Diaspora
    • Close
        • Diaspora02
          Coopbank Diaspora Banking 001
            • Diaspora Deposit Accounts
              • Diaspora Current Account
              • Diaspora Savings Account
              • Fixed time account
              • ECOLFL Savings Account
              • FCY Retention Account
              • Non-Resident Accounts
              • Contact Us For More
            • Diaspora Business Loans
              • Diaspora Investment Financing
              • Diaspora Working Capital Loan
            • Diaspora Consumer Loans
              • Mortgage/Home Loan
              • Automobile Loan
              • Personal Loan
            • AMAANA EXPRESS-01
              AMAL EXPRESS-01
              amal-express-coop (1)-01
              BAKAAL-01
              CBORETAA-01
              Dahabshiil-01
              JUBA EXPRESS-01
              MONEYGRAM-01
              RIA-01
              SMALLWORLD-01
              Transfast-01
              WESTEN UNION-01
              XPRESS MONEY-01
              EthioRemit
              WWCE
              BananaPay
  • Coopbank Alhuda
    • Close
        • IFB+
          ifbfina
        • Interest Free Deposit Products
          • Wadiah Saving Account
          • Labbaik Wadiah Saving Account
          • Mudarabah Saving (Ordinary Mudarabah) Account
          • Mudarabah Investment/Time Deposit Accounts
          • IFB Foreign Currency Deposit Products
          • Wadi’ah ECOLFL Saving Account
          • Wadi’ah Retention Accounts
        • Interest Free Financing Products
          • Murabahah Term Financing
          • Murabahah Revolving Financing
          • Murabahah Import Letter of Credit Financing
          • Murabahah Pre-Shipment Export Financing
          • Murabaha Post Shipment/Revolving Export Financing
          • Murabaha Import Letter of Credit Settlement Financing
        • Investment Contracts
          • Musharakah Financing
          • Mudarabah Financing
        • Qard Contracts
        • Contact Us For More
  • FAQ
  • Tools
    • Loan Calculator
    • Exchange Rate
    • Branch Locator
    • Forms
    • COOPay-Ebirr Agent List
  • Vacancy
  • Blogs

Murabaha Financing

Savings Account Is an interest-bearing deposit account that the COOPBANK provides to

Murabaha Financing

Savings Account Is an interest-bearing deposit account that the COOPBANK provides to

Deposit Products

  • Demand Deposit
    • Ordinary Demand Deposit
    • Special Demand Deposit
  • Saving Deposit
    • Regular Savings Account
    • Sinqe Women Savings Account
    • Youth Savings Account
    • Gamme-Junior Account
    • Special Savings Account
    • Gudunfa Savings Accounts
    • Farmers’ Savings Account
  • Fixed Time Deposit
  • Loan and Advances
  • Trade Service
  • E- Banking

Murabaha is a particular kind of sales where the bank expressly mentions the cost it has incurred on purchase of the Asset(s) and sells it to a customer, by adding profit as per bank’s terms and tariffs.

It is a contract of promise to buy and to sell commodity, machinery, vehicle etc. on agreed profit added to the cost (mark-up). Murabaha transaction is treated as a cost-plus profit sale.

Features

  • The price of goods and Bank’s profit on Murabaha Transaction should be fixed and known to both parties at the time of contract. The cost (all direct expenses in acquisition of goods such as invoice price, transportation, UC charges, marine /in transit insurance, sales tax etc.) and profit element of the selling price must be separately identified.
  • ln kind exchange/transaction of items of gold, silver or currencies cannot be carried out in Murabaha.
  • A Murabaha contract shall not be rolled over because the goods once sold by the bank become property of the customer, and, hence, cannot be resold to the same or other banks for the purpose of obtaining further financing.
  • A customer in the contract are required to make a security deposit for Murabaha transaction.
  • Coop bank shall deduct the amount of actual loss from the security deposit in case the customer does not fulfill his/her promise to purchase the asset/goods.
  • Murabaha depicts the following characteristics.
  • The bank buys goods for Murabaha sales from the vendor and pay for it.
  • The bank enters in to the Murabaha contract with a customer and delivers the goods
  • The customer pays the bank in lump sum or installment over the contract period.

 

Murabaha can be financed in the form of: –

    • Murabaha Term Financing,
    • Murabaha Revolving Financing Facility,
    • Murabaha import Letter of Credit Facility,
    • Murabaha Pre-Shipment Export Financing Facility,
    • Murabaha Post Shipment/Revolving Export Facility,
    • Murabaha import Letter of Credit Settlement Financing.

 

  • Please contact Coopbank Islamic to get more detail information and advices

Media

  • News
  • Press Release
  • Media Gallery
  • Video Gallery
  • Coopbank Annual Report

Subscribe to COOP Newsletter






    Contact form 7 Mailchimp extension by Renzo Johnson - Web Developer

    Announcement

    • Tender
    • Internship
    • Vacancy Announcement
    • Election Result

    Corporate Social Responsibility

    • Humanitarian Affairs
    • Economic Affairs
    • Environmental Affairs
    • Cultural Affairs
    • Educational Affairs
    • Health Affairs

    Banking Solution

    • Cooperative Saving Products
    • Deposit Products
    • Diaspora Banking
    • Interest Free Banking
    • Loan and Advances
    • Trade Service

    Quick Links

    • Branch & ATM Locator
    • Loan Calculator
    • Exchange Rate
    • Forms
    • Internet Banking
    • Coop at a Glance

    Contact us

    Phone: +251115150229
    Fax: +251 11 515 0489
    Toll No.: 8518
    info@coopbankoromia.com.et
    HQs: Africa Avenue, Flamingo Area, Get House Building
    Swift code: CBORETAA

    FAQ

    Frequently Asked Questions

    Swift code: CBORETAA

    © 2022 Cooperative Bank of Oromia. All Rights Reserved | Designed by 360Ground  

    Privacy Preference Center

    Privacy Preferences