™Islamic finance
Compute the instalments and returns of halal Islamic finance in Algeria: Mourabaha, Ijara, diminishing Musharaka and Moudaraba.
Guide to Islamic finance calculators in Algeria
Four halal financing structures replace the interest-bearing loan: Mourabaha (the bank buys the good and resells it to you at a total price including a fixed margin), Ijara (the bank leases you an asset it owns, then transfers ownership to you), diminishing Musharaka (you progressively buy out the bank's share in a property while paying rent on the rest), and Moudaraba (an investment account where you share the real profit with the bank, with no fixed rate). No uniform national rate or margin exists for these products; each bank sets its own terms.
Which tool fits your situation?
- You want to buy a good or equipment through fixed-margin financingMourabaha simulator
- You want to finance property or equipment through a lease-to-ownIjara simulator
- You want to buy a home through a gradual partnership with the bankDiminishing Musharaka simulator
- You want to invest savings in an Islamic account sharing profit and lossInvestment account simulator (Moudaraba)
Mourabaha Simulator
Compute the monthly instalment, profit margin and total cost of a Mourabaha Islamic financing by bank.
Banque d'AlgérieIjara Simulator (lease-to-own)
Compute the monthly rent and total cost of an Ijara Muntahia Bittamlik Islamic financing by bank.
Banque d'AlgérieDiminishing Musharaka Simulator
Compute the declining monthly payment and total cost of a diminishing Musharaka Islamic financing to buy a home.
Banque d'AlgérieMoudaraba Investment Account Simulator
Estimate the expected (non-guaranteed) profit and final balance of a Moudaraba Islamic investment account.
Banque d'AlgérieWhat are the numbers based on?
No uniform national rate or margin exists for these products; each bank (Al Salam, Al Baraka, or the Islamic-banking windows of public banks) sets its own terms within Bank of Algeria regulation n° 20-02 and the National Sharia Board's approval. The default values here are indicative, for simulation only.
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