Trading / Ittijar
Trading / Ittijar includes: Murabaha Sale, Salam Sale and Istisna’ Sale
BBL uses the Operation lease for the benefits as an instrument of financing by purchasing possessions and fixed assets and putting them at the disposal of Clients to utilize in return of rental payments to be agreed upon; after which, the asset return to the bank.
This mode can be:
Is another mode of financing offered by BBL to its clientele. According to this mode, asset subject of lease purchase contract is not maintained by BBL but purchased as a response to an emphatic request from one of the customers to own the asset through Lease that ends with possession.
BBL mostly calculates the total rental on the basis of the cost of asset plus a profit margin then the rental is installed in periods to be agreed upon. At the end of the lease period, BBL transfers possession of the asset to the lessee (client) through either of the following two ways:
Trading / Ittijar includes: Murabaha Sale, Salam Sale and Istisna’ Sale
Lease is the employment of money in operations other than sale and purchase. This mode of financing aims at sale of the benefit of an asset not the asset itself. BBL offers two modes of Lease (Ijara):