Credit Products
Discover our comprehensive range of Sharia‑compliant credit solutions designed to meet your personal, commercial, and investment needs.
Sharia‑Compliant Credit Solutions
Discover our comprehensive range of Sharia‑compliant credit solutions designed to meet your personal, commercial, and investment needs.
Hisab Bank offers a wide range of credit products structured in accordance with Islamic principles and approved by our Sharia Supervisory Board. From Murabaha financing to Ijarah leasing, we provide flexible and ethical solutions tailored to your needs.
Choose the Right Financing for You
Our credit products are designed to meet your unique needs while adhering to the highest standards of Sharia compliance.
Murabaha Financing (Monthly Payment)
Murabaha financing is one of the Islamic financing methods, known as a financing format where the bank purchases an asset and sells it to the customer at the original cost plus a predetermined profit.
Credit which includes (Murabaha for electrical equipment, structural materials, cars, real estate, etc.) for a maximum period of 5 years after a full study of the customer’s file and the guarantees provided to the bank.
Car Murabaha
Small, Medium, and Large Vehicles for Public and Private Use
Solar Financing
Financing for solar energy systems and renewable energy projects
Medical & Laboratory Equipment
Murabaha financing for medical, dental, and laboratory equipment
Al‑Ijarah Al‑Muntahia BilTamleek
It is one of the Islamic financing formats that meets customer needs for residential or commercial investment financing, as well as vehicles and construction equipment. The bank owns the asset intended for leasing to the customer and rents it out for a leasing installment, including an agreed‑upon leasing return. At the end of the lease contract, the ownership of the leased asset transfers to the lessee, either for free or for a nominal fee.
Car Ijara
Lease‑to‑own financing for vehicles
The execution format is as follows:
- The customer submits a request to the bank to lease a specific asset (apartment, house, land, commercial store, commercial complex, residential complex, vehicle) and provides the required guarantees to the bank.
- The bank reviews the request, evaluates the guarantees, and decides on approval, rejection, or approval with additional conditions.
- In case of approval, the customer submits a price quotation from the property owner.
- The bank acquires ownership of the property after the customer signs a promise to lease it from the bank under a lease‑to‑own agreement.
- The lease agreements and related forms are signed by the lessee (customer) and guarantors, with other guarantees fulfilled.
- The property is handed over to the lessee, who signs an acknowledgment of receipt and confirms it is free of defects.
- The lessee is obligated to pay the monthly rental installment to the bank as agreed upon in the contracts.
Terms, Conditions & Features
Terms & Conditions
- The leasing return, repayment periods, total financing, and guarantees depend on the bank’s credit policy.
- The applicant must be an adult, sane, and capable of managing their own affairs.
- The applicant must be employed or have a stable and regular income source.
- The credit request must align with the purposes or needs of the applicant.
- The services and benefits must be permissible under Islamic Sharia and the law.
- The property price must be within acceptable real estate market prices.
- Provide acceptable guarantees to the bank as deemed necessary.
Features
- Flexible financing.
- Provides an opportunity to own the property at the same monthly rental value.
- Facilitated terms.
- Acceptable leasing return.
- Flexible repayment periods.
Targeted Audience
- Individuals working in the private sector.
- Individuals working in the public sector.
- Traders and investors.
- Commercial companies.
Al Muqasatah Card
It is a credit card that allows the installment payment of goods and services over agreed and predefined periods, with a maximum of 36 months and a minimum of 12 months, operating under Murabaha and Ijarah Dhimma financing formats.
The execution format is as follows:
- The customer submits a request to the bank to issue the installment card and provides the required guarantees.
- The bank reviews the request, evaluates the guarantees, and decides on approval, rejection, or approval with additional conditions.
- Upon approval, the contracts and forms for the card and financing formats are signed by the customer and guarantors, and other guarantees, such as property mortgages, are completed if applicable.
- The card is issued and handed over to the customer after signing the receipt and card‑related commitments.
- The purchase value is paid in installments, adding the profit margin, based on pre‑agreed repayment plans.
Terms, Conditions & Features
Terms & Conditions
- The profit margin, repayment periods, total financing, and guarantees depend on the bank’s credit policy.
- The applicant must be an adult, sane, and capable of managing their own affairs.
- The applicant must be employed or have a stable and regular income source.
- The goods and services purchased must be permissible under Islamic Sharia and the law.
- The credit request must be submitted through the branch closest to the customer’s residence or workplace.
- Provide acceptable guarantees to the bank as deemed necessary.
Features
- Flexible usage and benefit from financing through the card.
- Can be used inside and outside Iraq.
- Facilitated terms.
- Acceptable profit rates.
- Flexible repayment periods.
- Issued in Iraqi Dinar.
Targeted Audience
- Individuals working in the private sector.
- Individuals working in the public sector.
- Traders and investors.
Commercial Allowances
It is a credit limit (commitment and/or cash) granted to traders, companies, and commercial institutions, with a specific amount that can be utilized throughout the year. Repayment is made in multiple installments based on the customer’s preference, ranging from 3 months to 24 months, depending on the type of goods purchased and profit rates suitable for the repayment periods. The repaid amount during the year can be reused.
The granted credit limit falls under one of the following financing types:
- Ceiling for self‑funding letters of credit.
- Ceiling for guarantee letters.
The execution format is as follows:
- The client (trader or company) submits a request to the bank for a credit allocation ceiling and provides suitable guarantees.
- The bank reviews the request, evaluates the guarantees, and decides on approval, rejection, or approval with additional conditions.
- The contracts and forms for the financing process are signed by the client and guarantors, and other guarantees, such as property mortgages, are completed if applicable.
- After meeting the bank’s conditions and requirements, the client submits exploitation requests to utilize the allocation ceilings based on their commercial needs.
- The bank pays the supplier the invoice value after reviewing it and ensuring it falls within the granted ceiling.
- The cost of the goods, along with the profit margin, is paid in installments based on the repayment period agreed upon during approval.
Terms, Conditions & Features
Terms & Conditions
- The profit rates, repayment periods, total financing, and guarantees depend on the bank’s credit policy.
- The applicant must be an adult, sane, and capable of managing their own affairs.
- The applicant must be legally registered and licensed to engage in their commercial or industrial activity.
- The credit request must align with the purposes or needs of the activity registered in the commercial registry.
- The items to be purchased must be permissible under Islamic Sharia and the law.
- The provided invoices must be official and issued from the supplier’s invoice book or billing system.
- Provide acceptable guarantees to the bank as deemed necessary.
Features
- Flexible financing that covers a wide range of goods and products, with options for partial or full financing.
- Acceptable profit rates.
- Flexible repayment periods.
- Financing available in USD as well as Iraqi Dinar.
- Allows both local and international purchases.
Targeted Audience
- Traders and investors.
- Companies of all types.
Why Choose Hisab Bank for Credit
Our credit products are designed with your success in mind, offering flexibility, transparency, and Sharia compliance.
Sharia Compliant
All credit products are structured in accordance with Islamic principles and approved by our Sharia Supervisory Board.
Flexible Terms
Customized repayment plans ranging from 3 to 36 months to suit your financial situation.
Transparent Pricing
Clear and transparent profit rates with no hidden fees or charges.
Growth Support
Beyond financing, we provide guidance and support to help your business succeed.
Simple Steps to Access Credit
Getting a credit product from Hisab Bank is quick and straightforward.
Submit Application
Contact our team or visit a branch to submit your credit application.
Provide Documents
Submit the required documentation for review and verification.
Approval
Our team reviews your application and provides a decision.
Funding
Upon approval, your credit is disbursed and you can start using it.
Credit Products FAQs
Quick answers to the most common questions about our credit products.
What is Murabaha financing?
Murabaha is an Islamic financing method where the bank purchases an asset and sells it to the customer at the original cost plus a predetermined profit.
What is Ijarah leasing?
Ijarah is a lease‑to‑own financing format where the bank owns the asset and leases it to the customer, with ownership transferring at the end of the lease term.
What is the Al Muqasatah Card?
It is a credit card that allows installment payment of goods and services over 12 to 36 months under Murabaha and Ijarah Dhimma financing formats.
What are Commercial Allowances?
A credit limit granted to traders and companies that can be utilized throughout the year for purchasing goods and services.
Are credit products Sharia‑compliant?
Yes. All credit products are structured in accordance with Islamic principles and approved by our Sharia Supervisory Board.
How do I apply?
Contact our team or visit any of our branches to begin the application process.
Ready to Access Credit?
Contact our team today to learn more about our credit products and find the right solution for your needs.
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