How is Mourabaha different from an interest loan?

In a conventional loan, interest accrues on a reducing balance and changes over time. In Mourabaha, the bank buys the asset and resells it to you at a total price fixed upfront (cost + a flat margin): it never changes and doesn't increase on late payment; that is what makes it Sharia-compliant (halal), unlike riba.

What is the hamich jiddiya?

It is an amount paid upfront as a token of seriousness, deducted from the sale price after the contract is signed. The larger it is, the smaller the financed amount — and therefore the instalment.

Is the margin rate official?

No. There is no single national margin; each bank sets it by file, product and term. The default here is indicative for simulation only — enter the actual margin from your bank's offer.

Does the result include taxes, fees and insurance?

No. The simulation estimates the financed amount, the margin and the instalment. A tax on the margin, file-study fees and takaful insurance may apply depending on the product and bank; ask for the full offer.

Which banks offer Mourabaha in Algeria?

Islamic banks (Al Salam, Al Baraka) and the Islamic-finance windows of public banks (BNA, BADR, CPA, BDL, BEA, CNEP…) accredited by the National Sharia Authority.

Mourabaha (Islamic finance) simulator in Algeria – instalment & margin

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Bank / Islamic window

Financing type

Purchase price

DA

Price of the asset or property

Hamich jiddiya (down payment)

DA

Amount paid upfront, deducted from the sale price

Term (years)

per year

Repayment term

Annual profit margin (%)

%

Set by the bank; leave empty for an indicative margin by product

Monthly income (optional)

DA

To estimate your repayment capacity (≈ 40% of income)

Monthly instalment

36,000DA

Financed amount63%

Total profit margin38%

Financed amount2,700,000DA

Applied margin6.0%

Monthly instalment36,000DA

Total profit margin1,620,000DA

Total amount to repay4,320,000DA

Margin share of the financed amount60.0%

NoteIndicative simulation, not an offer: the margin is set by the bank, and file fees plus takaful insurance may apply. Check with your bank for the official offer. This is not a fatwa — the products are certified by the bank's Sharia board and the National Sharia Authority.

Total amount to repay4,320,000DA

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How it works

Pick the bank and financing type, enter the price, hamich jiddiya and term.
Enter the margin the bank offers (or keep the indicative margin).
We compute financed = price − hamich jiddiya, margin = financed × rate × years, then instalment = (financed + margin) ÷ number of months.

Sources: Bank of Algeria regulation no. 20-02 (15 Mar 2020) on Islamic finance · banks' official simulators (BNA, BDL, BEA, BADR, Al Salam, Al Baraka). Margins are set by the bank.

Banque d'Algérie (opens in a new tab)

Hsabet is not affiliated with any of these official organizations – cited for reference only.

Frequently asked questions

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This tool simulates Mourabaha financing (cost-plus sale with an agreed margin) at Algerian banks and Islamic-finance windows: the bank buys the asset and resells it to you at a price fixed upfront = cost + profit margin, repaid in fixed instalments. Interest-free (no riba): the margin is flat on the financed amount over the whole term, not on a reducing balance.

Enter the purchase price, the hamich jiddiya (down payment), the term and the margin rate (set by the bank). The result is indicative — a simulation, not a financing offer; the margin, fees and takaful insurance are set in your contract.

Mourabaha Simulator