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Consumer Personal Financing

It is a financial facility offered by MBSB Bank for fulfilling the educational, business, and other personal needs of individuals. MBSB Bank offers the following types of personal financing facilities: Mumtaz-i, Afdhal-i, and Private Sector-i.

Tawarruq is the Shariah instrument used in all personal financing facilities. Sale transactions under the Tawarruq arrangement are conducted according to Murabahah, which means that the cost and the profit margin of buying the commodity are known and agreed upon by both parties. You will promise MBSB Bank, via a Wa’d agreement, to buy the commodity at the Selling Price.

Through Wakalah contract, you appoint MBSB Bank as your sale agent in all sale transactions of the Tawarruq arrangement.


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