Islamic Finance
Islamic Finance by Celfin Credit is a financial system guided by Islamic law (Shariah) and underpinned by the principles of fairness, transparency, and mutual benefit. Our services are designed to address the financial needs of individuals and businesses while staying true to ethical and faith-based standards.
Wadiah Yad Dhamanah (Savings with guarantee)
This refers to goods or deposits, which have been deposited with another person, who is not the owner, for safekeeping. As wadiah is a trust, the depository becomes the guarantor and, therefore guarantees repayment of the whole amount of the deposits, or any part thereof, outstanding in the account of depositors, when demanded. The depositors are not entitled to any share of the profits but the depository may provide returns to the depositors as a token of appreciation.
Mudharabah (Profit-Sharing)
This refers to an agreement made between a capital provider and another party (entrepreneur) to enable the entrepreneur to carry out business projects based on a profit-sharing basis of a pre-agreed ratio. In the case of losses, the provider of the funds bears the losses.
Musyarakah (Joint Ventures)
This refers to a partnership or joint venture for a specific business, whereby the distribution of profits will be apportioned according to an agreed ratio. In the event of losses, both parties will share the losses on the basis of their equity participation.
Murabahah (Cost-Plus Sales)
This refers to the sale of goods at a price, which includes a profit margin as agreed to by both parties. Such sales contract is valid on the condition that the price, other costs and the profit margin of the seller are stated at the time of the agreement of sale.
Get Involved
Are you interested in becoming a partner or benefiting from Islamic finance solutions? We would love to hear from you!
Contact us today:
Partners: partners@celfincredit.com
Islamic Finance Queries: islamicfin@celfincredit.com
Together, let’s build ethical financial partnerships.