IFB financing is a mode of financing where BOA sells a specified asset at a mutually agreed profit rate added on the purchase cost to be repaid

• is a mode of financing where BoA sales a specified asset at a mutually agreed profit rate added on the purchase cost to be repaid. The payment will be a defined repayment schedule in lump sum or in evenly distributed installments; 
• The price of goods and BoA’s profit on Murabaha transaction is fixed and is known by customers of BoA at the time of contract.  

Is a type of financing through which the Bank pays the full contract price of goods/commodities in advance at the time of contract for the purchase of goods/commodities that will be delivered by the customer/supplier at a specified time/date in the future. The Bank sells the same goods/commodities to a customer/third party through an independent Second Bai’ Salam Agreement.

A sum of money lent to be returned without any extra amount over and above the loan.