The basis of United OPEC Banks' Islamic Projects Finance Division lies in the principles of the Sharia, or Islamic Law, which is taken from the Qur'an and from the example of Prophet Muhammad (peace be upon him). The Islamic form of finance is as old as the religion of Islam itself.
United OPEC Banks' Islamic Finance is according the fact that money itself has no intrinsic value.
As a matter of faith, a Muslim cannot lend money to, or receive money from someone and expect to benefit - interest (known as riba) is not allowed.
To make money from money is forbidden - wealth can only be generated through legitimate trade and investment in assets. Money must be used in a productive way.
United OPEC Banks' Islamic Projects Finance Division offers a wide range financing products and services that comply with Shariah principles.
Following the guidance of Islam is an important part of United OPEC Banks' everyday business, so we've made it an important part of every day financing.
To ensure that the products and services offered by United OPEC Banks' Islamic Projects Finance Division are and remain Sharia-compliant, we have appointed a Sharia Supervisory Committee (SSC) which is a committee of scholars experienced in Islamic finance and Sharia law.
Whether you are financing a large-scale project that complies Shariah (Islamic law), investing in Shariah-compliant manner, we can be your financial partner who is fluent in the principles and values of Islamic finance from US$5,000,000 up to NO LIMIT Always Enhanced by our Traditional: