Murabaha & Property Murabaha
LB Finance Savings

This product facilitates the purchase of commodities, properties, vehicles, and goods for trading purposes. It also offers flexible repayment plans subject to a minimum period of 1 year, where the monthly installment and the period can be customized as per your requirement. In addition, you also have the ability to replace the asset during the repayment period with the consent of both parties involved in the Murabaha transaction.

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Individuals: Applicant should be a Sri Lankan citizen of age above 18

I.Identification proof–National Identity Card (NIC)/ Driving License (DL)/ Passport (PP)

II.Address proof –NIC/ Utility bill/ Grama Sewaka Certificate

III.Income proof –Salary Slips/ Bank Documents/ other income proof documents

IV.Guarantor details –NIC/DL/PP, Billing proof/ Income proof

Sole Proprietorship:

I.Identification proof–Business Registration (BR)

II.Income proof –Bank Statements, Financial Statements


I.Identification proof–BR, Consent of all partners

II.Income proof –Bank Statements, Financial Statements

Corporate Customers:

I.Identification proof–BR/ Form 41 or Form 1/20/ Memorandum of Articles and Board Resolution certified by Director or Secretary of the Company

II.Address proof–Form 13

III.Income proof–Financial Statements/ Bank Statements/ other income proof documents

IV.Guarantor details –ID proof/ Address confirmation / Income proof

Other requirements

  • Duly completed and executed application form and Shariah documents
  • With regard to Property Murabaha, Property Related Documents (Title Deed, Survey Plan etc.) and Mortgage Protection Policy (MPP) are required.

Following details of the vehicles are required for all types of aforementioned clients with regard to Vehicle Murabaha facilities

  • Supplier Invoice
  • Revenue License & Tax Receipts
  • Duplicate Key
  • Vehicle Valuation Report
  • Certificate of Registration
  • Fixed rentals are charged during the tenure of these products based on the credit risk of the client.
  • Absence of installment payments on due date are liable to an Administration Fee of 2.75% p.m and a Charity Contribution of 1% p.m. which will only be applicable after 3 days of grace period.

Following common charges are applicable for both types of facilities.

  • CRIB Charges
  • Valuation Fee
  • Postage
  • Stamp Duty
  • Documentation Charges
  • Processing Fees
  • Loan Protection Insurance Cover/ Vehicle insurance premium

In addition to the above Mortgage Fee and Search Fee are applicable for Property Murabaha and RMV charges applicable for Vehicle backed Murabaha facilities.