Dual Currency Murabaha

A Dual Currency Murabaha is a short-term liquidity management product that allows investors to earn a higher profit rate on short-term surplus funds. The components consist of a regular Commodity Murabaha transaction and a Unilateral Promise by the client to purchase a certain currency at a pre-agreed rate on the maturity date if the conversion price is reached.

Islamic Structured Deposit

Investors looking for a longer tenor are offered the Islamic Structured Deposit product. An investor can invest in an index of certain Shari’a compliant asset classes and earn a return based on the movement of that reference index or index strategy. The profit can be based on stocks, commodities, and other combinations or basis performance. This product is a combination of a Commodity Murabaha and a promise (W'aad) to enter in another Commodity Murabaha at the end of the investment period for the profit amount.

Sukuk

A ‘Sakk’ (singular of Sukuk) represents a document or certificate that is based on a company asset or assets. Each Sakk pays a profit rate on a quarterly, semi-annual or annual basis depending on the structure. Noor Islamic bank has dedicated Trading, Sales and Origination specialists providing guidance and pricing for many Sukuk issues.
Apart from providing opportunities for investors to buy and sell Sukuk in the primary as well as in the secondary market. Noor Islamic bank also offers custody services to hold the Sukuk on behalf of the client.