Does the bank have to tell me the cost of the item and its profit? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does the bank have to tell me the cost of the item and its profit?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Murabaha financing is based on knowing the cost of the asset and the profit margin, which distinguishes it from a regular negotiated sale.

Key points

  • As a consumer, request a clear statement of the purchase price upon which the contract is based, the final selling price to you, and whether there are any expenses outside the price.

  • The goal is to know exactly how much you bought for and how much you will pay.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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