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Murabaha Transactions

Details

DFM may consider requests for transfers of ownership securities by Shari'a Compliant Financial Institutions for Listed Securities underlying an Islamic Murabaha transaction to an investor client of the institution.

 

For more information on this service, please contact:

DFM Customer Services
T: +971 4 305 5555
E: customerservice@dfm.ae

Fees

Transfer securities from Shari'a Compliant Financing Institution  (SCFI) to an investor: Murabaha transfer fees is 0 .00275 (0.275%) and calculated as follows:

Number of securities * Market value or higher * rate
(NOTE: all fees to be paid to DFM by the SCFI ONLY)


Procedures
  • Receive Registration form to open new Investor number (NIN)
  • Receive Murabaha Transfer form from Islamic Murabaha Institution
  • Open new Investor number (NIN) for the Islamic Murabaha Institution
  • Transfer the securities from SCFI to investor’s account
  • Send account statement report to the SCFI
  • Prepare voucher

Required Documents
  • Fill Investor number (NIN) creation form from Islamic Murabaha Institution
  • Fill transfer form
  • Pay Murabaha fees by SCFI

How to Apply?
Submitted by SCFI either by mail or by hand.