IJARAH, MUDHARABAH & MORE
“CDB Meezan” is the Islamic Finance wing of Citizens Development Business Finance PLC (CDB) which operates under the guidance of Islamic concepts and guidelines.
The operation of CDB Meezan is closely monitored by an eminent panel of Shari’a scholars.
Members of the Shari’a Supervisory Board
- Sheikh Yusuf (Mufthi)
- Sheikh H. Abdul Nazar
- Sheikh Insaf Mashood
Product Offering
CDB Meezan offers range of alternative financial services; these include Mudharabah Savings, Mudharabah Deposits, Wakalah Deposits, Ijarah (leasing), Murabaha (vehicle and property trading). All these are approved by the Central Bank of Sri Lanka and operated under the supervision of Shari’a Supervisory Board of CDB.Mudharabah Savings
Mudharabah Savings operates on a profit and loss sharing basis under the Islamic guidelines. Customers are free to withdraw money in full or partially at any given time.
ප්‍රතිලාභ සහ විශේෂාංග
Higher profit return on monthly basis
Access to leading ATM network island wide
Door step service
Access to leading ATM network island wide
Cash withdrawal anytime
Mudharabah Deposits
A term investment option available for customers on profit and loss sharing basis. Profits generated through deposits at the stipulated period is being shared between customer and CDB at a pre-agreed ratio at the time of investment.
ප්‍රතිලාභ සහ විශේෂාංග
Shari’ah compliant return on your investment
Minimum deposit: Rs. 10,000
Competitive profit sharing ratio
Profit payable monthly or at maturity
Compliant return on your investment
Wakala Deposits
A term investment option with attractive profit returns offered from the profits earned.
ප්‍රතිලාභ සහ විශේෂාංග
Shari’ah compliant return on your investment
Competitive profit returns
Minimum deposit: Rs. 10,000
Competitive profit returns
Profit payable monthly or at maturity
Ijarah (Leasing)
අලුත් සහ ලියාපදිංචි වාහන සඳහා ලීසං පහසුකම්
“Ijarah” is a mode of financing in Islamic Principles & guidelines and widely practiced across the globe in the Islamic Banking and Finance Industry. The Ijarah scheme is unique, being specially designed and tailor-made to address all your vehicle / Solar EV system leasing needs. We’ll purchase the motor vehicle / Solar EV System of your choice and style, and let you use it over a mutually agreed lease period and gift it to you at the end of the lease period, upon successful completion of lease. All you have to do is pay the rental on time.
ප්‍රතිලාභ සහ විශේෂාංග
Competitive lease rentals
Comprehensive Sharia compliance Insurance Cover
Comprehensive Sharia compliance Insurance Cover
Murabahah Financing
ෂරියා අනුකූල මූල්‍යකරණ සැලසුම් නිර්මාණය කර ඇත්තේ මිලදී ගැනීමේ සහ විකිණීමේ (වෙළඳාම) පදනම මත වාහන මිලදී ගැනීමේ අවශ්‍යතා සපුරාලීමටයි. භාණ්ඩවල පිරිවැය සහ විකුණුම්කරුගේ ලාභයේ ප්‍රමාණය (CDB) මුරබාහා පහසුකම් ගිවිසුම්ගත වීමේදි පාරිභෝගිකයා වෙත අනාවරණය කරනු ලැබේ.
Murabahah Trading (Goods)
Designed to cater customer’s quick business funding and expansion requirements on the basis of buy and sell goods & stocks (trading) CDB will purchase the agreed goods from supplier and resell the same good with a profit margin to the customer on a differed payment mode. Security on repayment would be vehicle under customer’s name.
ප්‍රතිලාභ සහ විශේෂාංග
Tailor made installment payment options
Speedy service
Shari’ah compliant documentation process
Competitive pricing (installment)
Property Back Business Financing
Designed to fulfill business financing needs in the form of property back trading facilities requested by the customer. Value of the facility and the security on requirement will be based on property owned by the customer.
ප්‍රතිලාභ සහ විශේෂාංග
Tailor made installment payment options
Speedy service
Shari’ah compliant documentation process
විමසන්න
