Liquidity Management Products
Commodity Murabaha is a Shari'a compliant product used for investing funds. A counterparty can invest excess funds with Noor Islamic Bank by entering into a Commodity Murabaha transaction and earn profit through the difference in the purchase and sale price of the Commodity transaction. Noor Islamic Bank's Treasury has a dedicated unit which deals with international and well reputed brokerage houses to execute the commodity transactions.
Wakala is a Shari'a compliant product used for investing funds. An investor can earn profit at an anticipated rate by entering into a wakala transaction with Noor Islamic bank. The investor acts as Muwakkil while Noor Islamic bank will act as Wakil to invest these funds in a pool of Shari'a compliant assets.