Shariah Concepts and Bank Products
Bank Rakyat is an Islamic cooperative bank. Its products, services and financial facilities are based on Shariah concepts and conform to Islamic principle which prohibit interest in all activities. Products and financing facilities are based on these concepts:
Exchange Contract
BAI` `INAH |
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BAI` BITHAMAN AJIL |
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TAWARRUQ (MURABAHAH COMMODITY TRANSACTIONS) |
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ISTISNA` |
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MURABAHAH |
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BAI` AS-SALAM |
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Savings and Deposits
WADI`AH |
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Loan
QARD |
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Sharing
MUSYARAKAH |
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MUDARABAH |
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Hybrid
AL-IJARAH THUMMA AL-BAI` (AITAB) |
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WAKALAH BI AL-ISTITHMAR |
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Agency
WAKALAH |
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Penalty & Charges
TA`WIDH |
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GHARAMAH |
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Others
UJRAH |
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RAHN |
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KAFALAH |
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JU`ALAH |
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IBRA' |
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