﴿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 Musharakah Financing:
Shariah Structure of the product Murabahah Local Purchase
Shariah Structure of Bai-Salam Financing
Approval of Shariah Supervisory Committee
The Shariah Supervisory Committee of City Bank has reviewed the documentations, related contracts and processes of the following products: City Islamic Musharakah Financing, Murabahah Local Purchase, and Bai-Salam Financing.
Therefore, We the “Shariah Supervisory Committee” for City Bank confirm that in our opinion the “City Islamic Musharakah Financing, Murabahah Local Purchase, and Bai-Salam Financing” are in accordance with the respective Musharakah Financing, Murabahah Local Purchase, and Bai-Salam Working Capital Finance principles 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 Fatwa