With the increase in the volume of your commercial activities and banking transactions, have you thought about protecting your debts documented with a mortgage??
We offer you a comprehensive program to protect your debts at an affordable cost
The main advantages of the pool to protect the mortgaged:
The blessing is paid to protect the pledged to the obligee, the remaining amount of the debt documented by mortgage in the event of the death or disability of the participant, God forbid.
Al-Baraka to protect the pledged pays an additional amount to the contributor for his incapacity, or to the heirs and the benefactors upon his death if the contributor wishes to add this optional additional coverage.
The main reasons why you should join us:
By participating in the blessing to protect the pledged, you will be safe from the treachery of time.
By participating in the pool to protect the mortgage, an additional amount is guaranteed. (Optional feature)
Terms and Conditions:
For information, including how to subscribe and terms of service, please visit the nearest Al Baraka Bank of Sudan branch.
Al Baraka Takaful products are compatible with the principles and provisions of Islamic Sharia and approved by the Sharia Supervisory Board of Al Baraka Bank Sudan
Phone and hotline:2820
E-mail:info@albaraka.com.sd
All-in-one cover gives you peace of mind
A medical solidarity program for all sectors of the workforce that mainly addresses the needs of the workers sector in Sudan from a social and humanitarian standpoint.
The program provides well-being to the workforce by offering a unique and suitable Takaful cover for all.
Main benefits of Afia from Al Baraka Bank:
Covers in-hospital treatment.
Covers outpatient treatment.
Covers the costs of medical examinations.
Wellness packages from Al Baraka Bank:
Diamond package.
The golden package.
Silver package.
Terms and Conditions:
For information, including how to subscribe and terms of service, please visit the nearest Al Baraka Bank of Sudan branch.
Al Baraka Takaful products are compatible with the principles and provisions of Islamic Sharia and approved by the Sharia Supervisory Board of Al Baraka Bank of Sudan.
phone and hotline:2820
E-mail:info@albaraka.com.sd
Do you want to make your dream of performing Hajj or Umrah come true? To save the necessary expenses, start saving now
At Al Baraka Bank, we realize the value and importance of the Hajj rituals in the life of every Muslim. In order to facilitate this, we have developed a product to perform the ritual of Hajj or Umrah, which is one of the products directed to serve the community and enhance the values of Islamic and social solidarity, as it provides a range of services that meet your desires to provide sums for performing the ritual of Hajj or Umrah.
The main advantages of Hajj and Umrah Al Baraka:
1- The subscriber is the one who determines the amount when contracting and in light of the data he mentioned in the subscription application.
3- In the event of the expiry of the contract term, the subscriber shall be paid the total amount due, which covers the costs of Hajj or Umrah as determined by the subscriber.
Why should you join?
- If the beneficiary is able to perform the ritual of Hajj or Umrah by himself, the amount that has been allocated will be delivered to him.
- If the beneficiary is unable to perform the ritual of Hajj or Umrah himself, because of him, he determines his representative to perform the ritual of Hajj or Umrah, and if it is not possible, the representative is determined by the Sharia Supervisory Board.
- In the event of the beneficiary’s death, any of the persons specified in the subscription application shall act on his behalf in performing the Hajj or Umrah ritual, and if it is not possible, the representative shall be determined by the Shari’a Supervisory Board.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Your dear family, have you thought about protecting it and securing its future?
You have the right of your family to provide them with protection, take care of their hopes and achieve their dreams....
We offer you "Al Baraka Family Solidarity at a cost appropriate to your income... to protect everyone you care about...
The main advantages of Al Baraka Family Takaful:
Participation in the Al Baraka Family Solidarity Program allows you to:
1- Payment of an amount in the event of the contributor’s death to all those who are in your sponsorship (according to the contract).
2- Payment of an amount in case of permanent total disability due to accident or illness.
3- Paying a daily amount in case you need a hospital bed, God forbid.
4- Payment of an amount in the event of the wife’s permanent total disability due to an accident or illness.
5- Paying an amount in the event of the death of those on your sponsorship (according to the contract).
Top 3 reasons why you should join us:
By participating in the Al Baraka Family Solidarity Program, you will have saved your family the trouble of searching for money, and be sure that despite the loss of a loved one, there will be no additional financial problems..... So rest assured.
Participation in the Al Baraka Family Solidarity Program provides you with safety in the event that you or your wife suffers total disability, God forbid....so rest assured.
Participation in the Al Baraka Family Solidarity Program provides you and your family with a comprehensive insurance cover..... So rest assured.
Terms and Conditions:
For information, including how to subscribe and terms of service, please visit the nearest Al Baraka Bank of Sudan branch.
Al Baraka Takaful products are compatible with the principles and provisions of Islamic Sharia and approved by the Sharia Supervisory Board of Al Baraka Bank Sudan
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Murabaha is a trust sale, and it is in the terminology of jurists, it is a sale with the amount of the sold capital or its cost with an increase in a known profit.
The idea of selling Murabaha to the person ordering the purchase arose to achieve two purposes:
Financing request: the purchase orderer asks the bank to buy the commodity for himself, and promises to buy it from him and make profit in it, given that the ordering bank will sell it to him at a deferred price in whole or in part. Note that the term is not a condition in the sale of the Murabaha nor the Murabaha for the purchase orderer, but it is predominant in both, especially in the latter.
Seeking experience: for example, one of the contracting parties asks the other to buy a commodity and promises to buy it from him and make him profit in it. Depends in all of this on the experience of what is required of him, and people have a need for that, because among them are those who do not know the value of things, so they seek help from those who know them, and their heart is pleased with what they bought more.
Murabaha sale to purchase order
It is prevalent in banking in Sudan, and it consists of three parties, the seller, the buyer, and the bank, as it is an intermediary trader between the first seller and the buyer. In general, a promise can be binding or non-binding to the person ordering the purchase. Those of the ancients who said that this sale was valid stipulated that the orderer should not be bound by his promise, and the Fiqh Council ended
The international Islamic recently had the same ruling, and therefore the purchase orderer was given the option to buy the commodity or abandon it when it was presented to him by the officer, and some contemporaries permitted the sale of Murabaha to the purchase orderer with the obligation to promise. He does not have to work in Sudan.
Steps to sell Murabaha to the ordering to buy
1. The purchase orderer submits an application to the bank that includes the specifications of the commodity he wants.
2. The bank studies the process, and after ascertaining the economic feasibility, it sets the conditions and guarantees for ratification.
3. The bank purchases the commodity according to its specifications from its owner.
4. The bank's receipt of the commodity and its possession (real or constructive).
5. When the bank receives the commodity in the manner mentioned above, it presents the commodity to the person ordering the purchase - who has the option to accept or reject it.
6. If the purchase orderer accepts the commodity, the sale contract is drawn up, including all its conditions, with the signature of its two parties (the bank and the customer) and their witnesses.
7. Executing the necessary guarantees from the purchase orderer.
8. Delivery of the commodity to the person ordering the purchase and issuing a proof of delivery. Fields of application
Murabaha is considered one of the most widely used forms of financing in Islamic banks. It is suitable for partial financing of industrial, commercial or other activities of clients, and enables them to obtain produced goods, raw materials, machinery and equipment from inside or outside the country (import).
Phone and hotline:2820
E-mail:info@albaraka.com.sd
It is the provision of money by the bank and the customer in equal or varying proportions in order to establish a new project or contribute to an existing project, so that each of them owns a fixed or decreasing percentage of the share in the capital, and the profits are divided or losses are borne between the bank and the customer according to the contribution to the capital. the money. But if the losses resulted from the transgression or negligence of one of the partners, the partner who caused them shall bear them. Post types:
1. Fixed Musharaka: It is the Musharaka in which the bank’s share in the Musharaka capital remains throughout the term specified in the contract.
2. Diminishing Musharaka (musharaka ending with ownership): It is the partnership in which the bank gives the partner the right to buy his share of the project subject of the partnership gradually so that the share of the bank decreases, and the share of the other partner increases until the partner has the exclusive ownership of all the project.
Participation Funding Steps:
1. The customer submits an application to the bank stating the commodity or project that is the subject of the partnership (from within Sudan or by import), the participation capital, the percentage of his participation in the partnership, and the method of paying this percentage in cash or in kind, with the submission of feasibility studies and the necessary documents.
2. The bank studies the process, and after ascertaining the economic feasibility, it determines the conditions required to ratify it.
3. A participation account is opened by the bank, in which the two parties deposit the participation capital, and disbursement is made from it to pay the value of the commodity or establish the project.
4. A contract is drawn up between the bank and the customer, explaining what has been agreed upon, specifying the proportions of the capital and how to distribute the profits.
5. The fixed Musharaka is liquidated by selling the commodity, and the Diminishing Musharaka is liquidated by the bank selling its share to the partner.
Application areas
Musharaka is suitable for contributing to the capital of new or existing projects, such as industrial establishments, farms, hospitals, and everything that would be a regular income-producing project where the bank provides a part of the project's capital.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Istisna’ is a manufacturing order, which is a sales contract between the customer (the manufacturer) and the bank (the manufacturer), whereby the bank, at the request of the customer, manufactures a specified commodity called “made” or obtains it upon delivery, provided that the material of manufacture and the cost of work are from the manufacturer. In return for a price paid in cash or deferred, all or in installments. Istisna’ is a contract that is necessary since its conclusion, as long as the bank manufactures the product according to the agreed upon specifications.
Parallel Istisna'
Istisna' parallel to the manufacturing request, which is a contract between the bank (the al-Mustisna') and the contractor (the manufacturer) whereby the contractor, at the request of the bank, manufactures the commodity agreed upon in the istisna' contract. In return for a price to be paid according to the stages of implementation of the contract.
Steps to sell Istisna'
1. The customer submits an application to the bank expressing his desire to purchase a commodity manufactured by the bank with specific specifications and at a specific price agreed upon on the method of payment, whether expedited, deferred or in installments (and the bank calculates in this price what it will actually pay in the parallel Istisna contract in addition to the profit it deems appropriate) .
2. The bank studies the process and sets the conditions and guarantees for ratification after ascertaining its economic feasibility.
3. The bank signs an Istisna’ contract with the customer in which he commits to manufacture the specific commodity and deliver it within a specific time to be agreed upon (and the bank takes into account that this term is similar to or longer than the term in which it will receive the commodity under the parallel Istisna’ contract).
4. The bank signs a parallel Istisna contract with the manufacturer expressing its desire to manufacture the thing it was committed to in the first Istisna contract (that is, with the same specifications) and agrees with the manufacturer (contractor) on the appropriate price and term.
5. The bank receives the manufactured item and delivers it to the customer within the specified time.
Application areas
The Istisna contract is applied in many different industries, such as Istisna' of machines and equipment that are manufactured in major factories or manual laboratories. As well as for the construction of various buildings of residential complexes, hospitals, schools, universities, gas stations and farms. The Istisna contract is generally used in various industries as long as it can be adjusted according to various standards and specifications.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
It is a contract under which the bank (the contractor) undertakes to perform a work in return for a wage that the customer (the contractor) undertakes, in return for the bank’s implementation of its obligations, and this wage is often paid in the form of payments or installments. And contracting in which the bank undertakes to provide the work only.
Steps to sell the business
1. The customer submits to the bank an application expressing his desire to enter into a contracting process to complete a specific work and with specifications determined by the customer and specifying the expected cost.
2. The bank studies the process, and after ascertaining the economic feasibility, it sets the conditions and guarantees for ratification.
3. The bank signs the contracting contract with the customer, in which he commits himself to perform the specific work and deliver it within a specific time to be agreed upon (and the bank takes into account that this term is similar to or longer than the term in which the work will be received in the parallel contracting contract).
4. The bank signs a parallel contracting contract with a contractor expressing its desire to complete the work it was committed to in the first contracting contract (ie with the same specifications) and agrees with the contractor (executing the work) on the appropriate price and term.
5. The bank receives the work from the contractor and delivers it to the customer within the specified time.
Application areas
The contracting contract is applied in many different works in which the work is carried out without the materials being from the bank, such as transporting materials, harvesting crops, repairing and painting buildings, repairing factory machines and other equipment.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
It is a type of sale in which the price is paid immediately and is called Salam capital. The sale described in the debt is deferred and the Muslim is called in it. It is, therefore, a "sell in advance".
parallel staircase
It is a salam contract that the (delivered to) bank relies on in implementing its obligation on what it deserves and expects from the sale in its capacity as a Muslim in a previous salam contract, without making the salam contract attached to that contract.
Steps to sell the ladder
The customer submits an application to the bank expressing his desire to sell a commodity to the bank with specific specifications, quantities and prices to be delivered at a later date, provided that the bank pays the price immediately.
1. The bank studies the process, and after ascertaining its economic feasibility, determines the conditions and guarantees for ratification.
2. The bank signs the Salam contract with the customer, in which the customer is obligated to deliver the commodity, specifying the place and time of delivery.
3. After receiving the agreed guarantees, the bank pays the value of the agreed commodity to the customer's account.
4. The customer shall, on the agreed date, deliver the agreed upon commodity.
Application areas
Salam sale is suitable for financing agricultural operations, as the bank deals with farmers who are expected to have the commodity in the season from their crops or the crops of others that they can buy and deliver if they fail to deliver from their crops. With this financing, he provides them with the necessary expenses for production operations. Salam sale is characterized by its responsiveness to the needs of different and multiple segments of people, whether agricultural or industrial producers, and its response to financing operating expenses and capital expenditures.
Phone and hotline:2820
E-mail:info@albaraka.com.sd
Car insurance is divided into two parts
(A) Car insurance against damages to third parties: the third party
The insurance policy against damages to third parties represents the minimum amount of insurance in compliance with the Traffic Law of 1983 and covers civil liability towards any party harmed by the use of the vehicle (other than the owner or user of the vehicle).
(B) Comprehensive Motor Insurance:
The comprehensive car insurance policy covers damages to third parties (civil liability of the car user) for any damages that occur to the insured car, in addition to ensuring that the car owner is compensated for damages as a result of fire, theft, collision or overturning accidents that may occur to the insured car.
Issuance procedures
Fill out a car insurance application.
Car insurance employee inspection.
Claims
Ornic fill out (and sign) an accident declaration.
Enabling the company or its representative to inspect the vehicle to determine the parts affected by the accident.
Submit a copy of the driver's license at the time of the accident.
Submit a copy of the vehicle search certificate.
Submit the original police report stamped by the Public Prosecution Office.
Submit a copy of the insurance of the other party causing the accident (in the event that the accident is due to the fault of the other party).
Delivery of three invoices for spare parts and repairs (plumbing, boheya...etc).
Not to start repairing without the company’s written approval.
Phone:+249 18 378 2538
Hotline:2770
E-mail:info@albaraka-ins.com
This document covers the dangers of fire, lightning, and electrical wires, and it can also cover - according to the customer's desire - natural hazards such as torrential rain, floods, earthquakes, volcanoes and other dangers such as riots, disturbances (demonstrations), theft, malicious acts and the dangers of damage caused by the explosion of water pipes, rainwater leakage and explosion of gas cylinders And other dangers such as self-ignition, planes and objects falling from them, and this document is of paramount importance to factories, buildings, workshops, stores, stocks, and home and office furniture.
Issuance procedures
Fill out the fire insurance form
Provide a list of the property and its material values
Phone:+249 18 378 2538
Hotline:2770
E-mail:info@albaraka-ins.com
Marine insurance policies cover goods transported by sea, land or air from the starting point of the journey to the end point according to gradual levels for these documents according to the terms of the maritime transport document (A), (B) or (C) from the time the goods leave the warehouse at the place of commencement of transport named in the document and continues all the way to the end point upon delivery in the storage location of the addressee at the destination specified in the document.
Types of marine insurance policy
Policy (A) (sometimes called a marine insurance policy for all risks) covers all losses resulting from fire, drowning, sea water intrusion, theft or loss of transported goods, breakage or damage resulting from poor navigation conditions or flight conditions, including collision, overturning and theft It also guarantees payment of the insured's share of general average (common loss), rescue and collision expenses, malicious acts, earthquakes and volcanoes.
The documents under conditions (b) and (c) cover specific risks and do not cover damage resulting from seawater intrusion, theft or damage due to bad navigational conditions, voyage conditions or malicious acts unless the cause is due to the stranding, sinking, drifting or fire of the ship. That document (B) is more extensively covered than document (C), however, that both policies cover the insured's share in general average (joint loss) and rescue expenses.
Issuance procedures
Fill out the insurance form
Phone:+249 18 378 2538
Hotline:2770
E-mail:info@albaraka-ins.com
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