﴿بسم الله الرحمن الرحيم﴾
الحمد لله رب العالمين، والصلاة والسلام على رسول الله، وعلى آله وصحبه أجمعين.
All praise to Allah and May peace and blessings be upon his messenger, his family, his companions and all followers of his guidance.
Shariah Structure of the Product
Approval of Shariah Supervisory Committee
The Shariah Supervisory Committee of City Bank has reviewed Murabaha Fully Secured Finance documentation, related contracts and process.
Therefore, We the “Shariah Supervisory Committee” for City Bank confirm that in our opinion the “Murabaha Fully Secured Finance” is in accordance with the Murabaha principle of Islamic finance and hence we allow the bank to provide this product to its customer.
And Allah Knows Best.
Dr. Md. Anwar Hosain Molla
Shariah Supervisory Committee, City Bank
This certificate was signed on Tuesday 11th May 2021
Islamic Personal Finance is based on Islamic sale contract Murabaha (Cost plus profit).