Bai Bithaman Ajil

Also known as Bai Mua’jal. The sale of goods on a deferred payment basis. Equipment or goods requested by the client are bought by the bank, which subsequently sells the good to the client for an agreed price, including a mark-up (profit) for the bank. The client may pay by instalments within a pre-agreed period, or in a lump sum at the end of the contract period.