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50% Reduction on Profit Margin of Consumer Loans During Ramadan

February 21, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
اقتصاد – الشروق أونلاين

Local Development Bank announced on Saturday in a statement an exceptional 50% reduction on the absolute profit margin on consumer loans according to Islamic banking, aimed at purchasing home appliances and electronics, during the month of Ramadan. These loans, which comply with the 'consumer Murabaha' format, benefit from an 'exceptional reduction of 50% on the profit margin, which decreases from 5.8% to 4.25%, allowing citizens to finance their projects under more favorable conditions,' according to the public bank that is launching this initiative for the second consecutive year. Read the full content on Echourouk Online.

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