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NBD offers new Sharia-compliant financing

Thu, 2011-08-04 15:19 — newsdesk

Egypt’s National Bank for Development (NDB) together with Abu Dhabi Islamic Bank (ADIB) launched a new Sharia-compliant service that can help customers finance their education or travels with up to LE 150,000 and LE 200,000, respectively.
The service permits the bank to lease to a customer a specific service to “exist in the future,” like education or travel, for a certain period of time with a set number of regular installments.

Source: 

http://thedailynewsegypt.com/banking-a-finance/nbd-offers-new-sharia-com...