Islamic Personal Finance

Fulfill your personal needs in an attractive profit rate with Shariah-compliant solution.

Features and Benefits

  • Finance amount: Minimum amount of BDT 50,000 and maximum amount of BDT 20,00,000
  • Tenure: Minimum 12 months – Maximum 60 Months
  • No compound calculation

Required Documents

Common Documents for all Segments 

  • Photocopy of NID/Smart card of finance applicant and guarantor
  • 3 copies of Passport size lab print photograph of finance applicant and 2 copies of guarantor
  • Visiting Card/Business card/Office ID copy of both finance applicant and guarantor
  • Latest E-TIN of customer
  • Latest Utility bill copy
  • Sanction letter and repayment statement of existing finance (if any)

Documents for Salaried Person

  • Letter of Introduction (LOI)/Salary Certificate/Pay Slip
  • Last 6 month’s Bank Statement

Documents for Self-Employed/Professionals like Doctors, Engineers, Accountants, Architects etc.

  • Last 6 month’s Bank Statement
  • Latest Professional Qualification/ Membership Certificate for self-professional
  • Self-income declaration on professional Pad, Letter head

Documents for Businessman

  • Last 1-year Bank Statement
  • Updated Trade License
  • Registered Partnership Deed for Partnership concern
  • MOA & Certificate of Incorporation for limited company
  • Schedule – X, XII and Board resolution for limited company (if Applicable)
  • Company TIN, BIN, VAT certificate and Business card of company (if applicable)

Documents for Landlord/Land lady

  • Last 6 month’s Bank Statement with rental reflection
  • Ownership Document of Rented Property
  • Rental Deed
  • Mutation copy (if applicable)

** These are all basic documents; it might vary time to time based on bank’s requirement.

How does it work?

  • Customer requests Bank to buy a commodity for his/her personal consumption.
  • Bank buys the commodity from a supplier.
  • The Bank will sell the commodity to the customer with profit.
  • Customer pays the Bank in future installments.
  • The Bank discloses the cost and profit to the customer.

Shariah Pronouncement

﴿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

  • This is a sale contract named Murabaha
  • Bank buys the product(s) for customer as per request and specification
  • Bank can take undertaking from the customer to buy the product(s)
  • Bank can appoint the customer an agent to buy the product(s) on its behalf
  • Bank must disclose the cost and mark-up to the customer during sale

Approval of Shariah Supervisory Committee

The Shariah Supervisory Committee of City Bank has reviewed Islamic Personal Finance documentation, related contracts and process.

Therefore, We the “Shariah Supervisory Committee” for City Bank confirm that in our opinion the “Islamic Personal 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).