{"id":300,"date":"2023-03-16T13:33:56","date_gmt":"2023-03-16T13:33:56","guid":{"rendered":"http:\/\/dev2.iibanks.com\/eastafrica\/?page_id=300"},"modified":"2023-07-20T08:15:39","modified_gmt":"2023-07-20T08:15:39","slug":"corporate","status":"publish","type":"page","link":"https:\/\/dev2.iibanks.com\/eastafrica\/islamic\/corporate\/","title":{"rendered":"Corporate"},"content":{"rendered":"

[vc_section full_width=”stretch_row_content” el_class=”image-banner-with-text bottom-203-banner-text” css=”.vc_custom_1665060976256{padding-top: 0px !important;padding-bottom: 0px !important;}”][vc_row tm_bgimagefixed=”” full_width=”stretch_row_content_no_spaces”][vc_column][vc_row_inner][vc_column_inner css=”.vc_custom_1659424244579{padding-left: 0px !important;}”][vc_single_image image=”341″ img_size=”full” alignment=”center” css=”.vc_custom_1678975354864{margin-bottom: 0px !important;}”][vc_column_text el_class=”white-text banner-heading banner-text-box banner-caption-btn-160px” css=”.vc_custom_1668162703746{margin-bottom: 0px !important;padding-top: 15px !important;padding-bottom: 15px !important;background-color: rgba(10,10,10,0.35) !important;*background-color: rgb(10,10,10) !important;}”]<\/p>\n

iib corporate<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1667365701738{padding-top: 65px !important;padding-bottom: 0px !important;}” el_class=”our-purpose-text-box”][vc_row tm_bgimagefixed=”” css=”.vc_custom_1667365774121{margin-bottom: 0px !important;}”][vc_column css=”.vc_custom_1667365779824{margin-bottom: 0px !important;}”][vc_column_text el_class=”font-34px” css=”.vc_custom_1689840933989{margin-bottom: 0px !important;}”]iib islamic banking is founded on the principles of shariah. All our products and services have been designed to ensure that they conform to shariah principles,\u00a0with the insights and\u00a0knowledge to offer our customers a comprehensive set of compliant products and services.[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1684503541364{margin-bottom: 65px !important;padding-top: 65px !important;padding-bottom: 0px !important;}” el_class=”our-purpose-text-box verticalboX”][vc_row tm_bgimagefixed=”” css=”.vc_custom_1668164193174{padding-left: 0px !important;background-color: #e5e5e5 !important;}”][vc_column width=”1\/4″ css=”.vc_custom_1668164483491{padding-right: 0px !important;padding-left: 0px !important;}”][vc_single_image image=”342″ img_size=”full” css=”.vc_custom_1678975372204{margin-bottom: 0px !important;}”][\/vc_column][vc_column width=”3\/4″ css=”.vc_custom_1668169246994{padding-top: 15px !important;}”][vc_custom_heading text=”iib leases property to our customers in return for a rental payment over a specified financing period. We promise to transfer the title of the property to you at the end of the financing period, provided all payments have been made in accordance with Shariah documentation.” font_container=”tag:h2|font_size:18px|text_align:left|line_height:25px” use_theme_fonts=”yes”][vc_custom_heading text=”Ijarah is an effective financing tool that allows businesses to acquire equipment and machinery through leasing, instead of outright purchase, reducing the burden of capital expenditure. The leasing period normally ranges from 3-5 years and the customer has the right to purchase the leased asset at the end of the Ijara period.” font_container=”tag:h2|font_size:18px|text_align:left|line_height:25px” use_theme_fonts=”yes” css=”.vc_custom_1668169352389{margin-bottom: 0px !important;}”][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1684503547929{margin-bottom: 65px !important;padding-top: 0px !important;padding-bottom: 0px !important;}” el_class=”our-purpose-text-box verticalboX”][vc_row tm_bgimagefixed=”” css=”.vc_custom_1668164193174{padding-left: 0px !important;background-color: #e5e5e5 !important;}”][vc_column width=”1\/4″ css=”.vc_custom_1668164483491{padding-right: 0px !important;padding-left: 0px !important;}”][vc_single_image image=”347″ img_size=”full” css=”.vc_custom_1678975383954{margin-bottom: 0px !important;}”][\/vc_column][vc_column width=”3\/4″ css=”.vc_custom_1668169246994{padding-top: 15px !important;}”][vc_custom_heading text=”Musharika is a partnership between iib islamic banking and our customer, wherein we participate in financing new or existing projects, sharing the capital, returns and risks. iib may alternatively contribute to the ownership of specified assets on a permanent or a non-permanent basis provided that the profit is shared in accordance with the agreement.” font_container=”tag:h2|font_size:18px|text_align:left|line_height:25px” use_theme_fonts=”yes”][vc_custom_heading text=”Profit is distributed amongst all capital-providing partners as per previously set conditions and loss is borne in proportion to the contribution to the partnership.” font_container=”tag:h2|font_size:18px|text_align:left|line_height:25px” use_theme_fonts=”yes” css=”.vc_custom_1668169443485{margin-bottom: 0px !important;}”][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1684503556197{margin-bottom: 65px !important;padding-top: 0px !important;padding-bottom: 0px !important;}” el_class=”our-purpose-text-box verticalboX”][vc_row tm_bgimagefixed=”” css=”.vc_custom_1668164193174{padding-left: 0px !important;background-color: #e5e5e5 !important;}”][vc_column width=”1\/4″ css=”.vc_custom_1668164483491{padding-right: 0px !important;padding-left: 0px !important;}”][vc_single_image image=”346″ img_size=”full” css=”.vc_custom_1678975392261{margin-bottom: 0px !important;}”][\/vc_column][vc_column width=”3\/4″ css=”.vc_custom_1668169246994{padding-top: 15px !important;}”][vc_custom_heading text=”Murabaha is sn Islamic financing structure that works as a sales contract, fixing the price of goods as required by a customer, inclusive of a pre-agreed profit margin. iib islamic banking then makes the purchase and closes the deal with the customer\u2019s seller of choice, subsequently entering into a sale with the customer. The customer repays iib according to pre-defined installments or settlement terms.” font_container=”tag:h2|font_size:18px|text_align:left|line_height:25px” use_theme_fonts=”yes”][vc_custom_heading text=”Murabaha financing varies according to the nature of purchases and the working capital cycle of the customer. It is typically from 90 to 180 days for raw materials and finished goods and up to 5 years for machinery and equipment.” font_container=”tag:h2|font_size:18px|text_align:left|line_height:25px” use_theme_fonts=”yes” css=”.vc_custom_1668169482445{margin-bottom: 0px !important;}”][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1684503569081{margin-bottom: 65px !important;padding-top: 0px !important;padding-bottom: 0px !important;}” el_class=”our-purpose-text-box verticalboX”][vc_row tm_bgimagefixed=”” css=”.vc_custom_1668164193174{padding-left: 0px !important;background-color: #e5e5e5 !important;}”][vc_column width=”1\/4″ css=”.vc_custom_1668164483491{padding-right: 0px !important;padding-left: 0px !important;}”][vc_single_image image=”345″ img_size=”full” css=”.vc_custom_1678975406569{margin-bottom: 0px !important;}”][\/vc_column][vc_column width=”3\/4″ css=”.vc_custom_1668169246994{padding-top: 15px !important;}”][vc_custom_heading text=”iib can invest customer funds in a new or existing company for the customer. Mudaraba is a partnership profit between us and an enterprise\/company for a pre-agreed period. Customers can deposit funds with iib, which will then be invested in economic or business activity. that complies with the principles of Sharia. Profit-sharing terms are agreed in advance.” font_container=”tag:h2|font_size:18px|text_align:left|line_height:25px” use_theme_fonts=”yes”][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1684503588425{margin-bottom: 65px !important;padding-top: 0px !important;padding-bottom: 0px !important;}” el_class=”our-purpose-text-box verticalboX”][vc_row tm_bgimagefixed=”” css=”.vc_custom_1668164193174{padding-left: 0px !important;background-color: #e5e5e5 !important;}”][vc_column width=”1\/4″ css=”.vc_custom_1668164483491{padding-right: 0px !important;padding-left: 0px !important;}”][vc_single_image image=”343″ img_size=”full” css=”.vc_custom_1678975423381{margin-bottom: 0px !important;}”][\/vc_column][vc_column width=”3\/4″ css=”.vc_custom_1668169246994{padding-top: 15px !important;}”][vc_custom_heading text=”Istisna is used by iib islamic banking to finance the construction of real estate such as buildings, warehouses, showrooms, shopping malls, residential towers and villas. Manufacturing activities involved in the construction of aircrafts, ships, machines and equipment, can also be financed.” font_container=”tag:h2|font_size:18px|text_align:left|line_height:25px” use_theme_fonts=”yes”][vc_custom_heading text=”Istisna is generally a long-term sales contract between iib and the customer, whereby we agree to construct and deliver an asset at a pre-determined future time, at an agreed price. iib islamic banking will pay the contracted developer or builder in full or at specific stages of project completion. The client will then pay iib as per the agreed payment plan, either in installments, at delivery or after project completion.” font_container=”tag:h2|font_size:18px|text_align:left|line_height:25px” use_theme_fonts=”yes” css=”.vc_custom_1668169544277{margin-bottom: 0px !important;}”][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1684748756328{padding-top: 0px !important;}” el_class=”plscntcT”][vc_row tm_bgimagefixed=”” el_id=”pic-with-text-box-right”][vc_column css=”.vc_custom_1667376019123{padding-right: 0px !important;padding-left: 0px !important;}”][vc_row_inner equal_height=”yes” content_placement=”middle” css=”.vc_custom_1667376896118{margin-bottom: 0px !important;padding-right: 0px !important;padding-left: 0px !important;background-color: #e6e6e6 !important;}”][vc_column_inner tm_zindex=”” width=”2\/3″ css=”.vc_custom_1680338961181{margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-left: 0px !important;}”][vc_single_image image=”344″ img_size=”full” css=”.vc_custom_1678975445763{margin-bottom: 0px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/3″ css=”.vc_custom_1667376869127{padding-left: 20px !important;}”][vc_empty_space height=”70px”][vc_custom_heading text=”For terms and conditions and other requirements, please call” font_container=”tag:h2|font_size:32px|text_align:left|color:%23575757″ use_theme_fonts=”yes” css=”.vc_custom_1668160292602{margin-bottom: 0px !important;}”][vc_custom_heading text=”+253 21 35 34 38″ font_container=”tag:h2|font_size:32px|text_align:left|color:%23575757″ use_theme_fonts=”yes” css=”.vc_custom_1668160299793{margin-bottom: 50px !important;}”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][\/vc_section]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

[vc_section full_width=”stretch_row_content” el_class=”image-banner-with-text bottom-203-banner-text” css=”.vc_custom_1665060976256{padding-top: 0px !important;padding-bottom: 0px !important;}”][vc_row tm_bgimagefixed=”” full_width=”stretch_row_content_no_spaces”][vc_column][vc_row_inner][vc_column_inner css=”.vc_custom_1659424244579{padding-left: 0px !important;}”][vc_single_image image=”341″ img_size=”full” alignment=”center” css=”.vc_custom_1678975354864{margin-bottom: 0px !important;}”][vc_column_text el_class=”white-text banner-heading banner-text-box banner-caption-btn-160px” css=”.vc_custom_1668162703746{margin-bottom: 0px !important;padding-top: 15px !important;padding-bottom: 15px !important;background-color: rgba(10,10,10,0.35) !important;*background-color: rgb(10,10,10) !important;}”] iib corporate [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1667365701738{padding-top: 65px !important;padding-bottom: 0px !important;}” el_class=”our-purpose-text-box”][vc_row tm_bgimagefixed=”” css=”.vc_custom_1667365774121{margin-bottom: 0px !important;}”][vc_column css=”.vc_custom_1667365779824{margin-bottom: 0px !important;}”][vc_column_text el_class=”font-34px” css=”.vc_custom_1689840933989{margin-bottom: 0px !important;}”]iib […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":51,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-islamic.php","meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/dev2.iibanks.com\/eastafrica\/wp-json\/wp\/v2\/pages\/300"}],"collection":[{"href":"https:\/\/dev2.iibanks.com\/eastafrica\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dev2.iibanks.com\/eastafrica\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dev2.iibanks.com\/eastafrica\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev2.iibanks.com\/eastafrica\/wp-json\/wp\/v2\/comments?post=300"}],"version-history":[{"count":4,"href":"https:\/\/dev2.iibanks.com\/eastafrica\/wp-json\/wp\/v2\/pages\/300\/revisions"}],"predecessor-version":[{"id":1003,"href":"https:\/\/dev2.iibanks.com\/eastafrica\/wp-json\/wp\/v2\/pages\/300\/revisions\/1003"}],"up":[{"embeddable":true,"href":"https:\/\/dev2.iibanks.com\/eastafrica\/wp-json\/wp\/v2\/pages\/51"}],"wp:attachment":[{"href":"https:\/\/dev2.iibanks.com\/eastafrica\/wp-json\/wp\/v2\/media?parent=300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}