Al Masraf Offers lending solutions to support general business needs or growth objectives through our comprehensive selection of Personal Lending products.
Multi Currency (AED, USD, EUR & GBP)
Dedicated Relationship Manager
Wide Range of Loan Products
Preferential rates for Online Banking
Free First Cheque Book
Free Teller Transactions
Free Monthly / Quarterly Statements
Al Masraf Islamic Current Account is a Sharia compliant account service, operating under the Sharia principle of Qard Hassan .
This account offers no return to the depositor apart from the Banks guarantee of the principle amount.
The depositor can withdraw funds at any time without notice - that is on demand .
For Customers who want a periodic, stable income coupled with steady capital appreciation, our Wakala deposit provides the ideal platform and opportunity. This unique deposit scheme offers different maturities structured to allow investors to benefit from a constant and steady source of income, and full invested amount with the profit will be paid at maturity and it based on Wakala method.
Wakala Investment where the customer ‘’the investor’’ (Muwakkil) appoint us, Al Masraf Islamic Banking, as an agent (Wakeel). We will then ensure investment of your funds in Sharia compliant transactions with constant close monitoring by our team of specialists. Based on Wakala , the Bank (Wakeel) will use your investment fund for its general corporate purposes to achieve an agreed profit rate for you.
You will be able to terminate the agreement, add or withdraw funds before the maturity date. (Subject to prior approval and banks terms and conditions)
Al Masraf Islamic Banking Savings Account is Sharia compliant saving scheme operating under the Sharia principle of Mudaraba where the customer share profits and bear losses as stipulated in the Mudaraba Investment Agreement.
This scheme is designed to generate your regular earnings through very competitive profit rates, without limiting your banking transactions. The profit share approved by Sharia Committee for the “ Mudareb is 70% from the profits allocated from total operations, and remaining 30% to be distributed to the consumers “Rab Al Mal”.