Diversification of Islamic Financial Instruments
174
Murabaha
Ijarah Muntahia Bittamleek
Istisna
Wakala
Ijarah Muntahia Bittamleek
Tabdeel155
Wholesale
Source: Author’s compilation from respective banks’ websites and annual reports
Table 76: Islamic Banking Products for Full Fledged Banks
Al Baraka Banking Group
Mudaraba
Musharaka
Ijarah Muntahia Bittamleek
Salam
Istisna
First Energy Bank
Murabaha
Wakala
Ijarah
Commodity Murabaha
Bank Alkhair
Murabaha
Ibdar Bank
Musharka
Murabaha
Ijarah
Venture Capital Bank
Mudaraba
Murabaha
Wakala
International Investment
Bank
Musharaka
Murabaha
Ijarah
Wakala
Liquidity Management
Centre
Mudaraba
Ijarah
Wakalah
Seera Investment Bank
Murabaha
Ijarah
Wakala
Global Banking
Corporation
Murabaha
Wakalah
Gulf One Investment Bank
Provides advice on Islamic
finance including the
structuring and execution of
Shariah compliant facilities
Investors Bank
Murabaha
Citi Islamic Investment
Bank
Murabaha
Murabaha
Investment
Gulf Finance House
Mudaraba
Musharaka
Murabaha
Ijarah Muntahia Bittamleek
Istisna
Wakala
Arcapita
Murabaha
Investment Dar Bank
Mudaraba
Murabaha
Wakala
Source: Author’s compilation from respective banks’ websites and annual reports
Furthermore, the Economic Development Board (EDB) developed an initiative to accelerate
the growth of the Islamic banking segment in order to promote small and medium sized
155 The bank seems to be unique in its offering of this contract as an underlying for profit rate risk hedging purposes. To do
this, the bank enters into two transactions: Tawarruq financing asset and Tawarruq placement liability, which are recorded
off-balance sheet (see ABC Islamic Bank. 2014 Financial Statements, p9, accessed 8 April 2017. Available at