Corporate Banking

Corporate Banking

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Islamic banking at Al Hilal:
Objectives for Corporate & SME business segments

  1. Facilitate the customer to operate their business under Sharia Principles by way of providing wide array of Sharia-based financial products.
  2. To ensure highest level of service standards with focus on “Partnering” instead of financing with customer.
  3. To provide professional feedback to customer on their business operations to ensure their development.

Al Hilal Products

We are currently offering following products to our Corporate customers, which is fulfilling their business requirements.

  1. Murabaha
    Murabaha is a sale transaction wherein the first party (Bank) sells a Sharia-compliant asset/ good to the customer for cost plus a pre-agreed profit.
  2. IJARA Muntahiya Bil Tamleek (Ijara MBT)
    Ijara MBT or financial lease is a rental arrangement, whereby owner of the asset allows use of the asset against specified rentals. It includes a promise from the lessor to transfer to the lessee the title of the leased asset at the end of the lease term through a sale for an agreed price. During the entire tenor of financial lease, bank must retain the ownership of the asset along with relevant risk & rewards.
  3. Diminishing Musharaka
    Diminishing Musharaka (DM) is a form of co-ownership in which two or more persons take ownership of a tangible asset in an agreed proportion and one of the co-owners undertakes to buy in periodic installments the proportionate share of the other co-owner until the title of asset is completely transferred to the purchasing co-owner. Furthermore, during the entire tenor of facility, one of the co-owners can rent out its undivided share in the asset to the other co-owner.
  4. Trade Services
    Apart from financing products, we are also offering complete array of trade services to our corporate & SME customers. Services include Letter of Credit, All forms of Guarantees, and Business Remittance solutions.