Jumhouria bank offers Murabaha Islamic banking loans for Hyundai cars

By Sami Zaptia.

London, 27 June 2020:

Libya’s state and largest bank, Jumhouria bank, announced last week that it is now offering Islamic (Murabaha) car loans to its customers to buy Hyundai cars.

The bank had also announced Islamic loans for light pick-up vans/trucks, furniture, durable goods, household appliances, and computers.

Its Hyundai Islamic ‘‘hire purchase’’ car offer entails monthly payments for eight years for cars ranging from LD 55,000 to LD 66,000. These require monthly payments ranging from LD 538 to LD 697.

The maximum financing for furniture is LD . . .

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