1. Mourabaha Hajj: Sharia principle
Mourabaha is a sales contract with a profit margin known in advance, validated by the Supreme Council of Ulemas (CSO). Unlike conventional credit that charges interest (riba) forbidden in Islam, the participatory bank purchases the good or Hajj service, then resells it to the client with a fixed margin.
3-step mechanism
1) The client signs a purchase promise with the bank. 2) The bank acquires the Hajj package (or advances the amount via agreement with a Hajj Ministry-approved agency). 3) The bank resells to the client with a known margin, repayable in fixed monthly installments over a maximum of 24 months.
2. 5 participatory banks in Morocco (2026 comparison)
| Bank | Annual margin | Ceiling | Max term | Down payment |
|---|---|---|---|---|
| Bank Assafa | 5.5% - 6.2% | 80,000 MAD | 24 months | 0% to 20% |
| Umnia Bank | 5.9% - 6.5% | 75,000 MAD | 24 months | 10% min |
| Bank Al Yousr | 5.5% - 6.0% | 80,000 MAD | 24 months | 0% |
| BTI Bank | 6.2% - 6.8% | 70,000 MAD | 18 months | 20% min |
| Arreda (CIH) | 6.5% - 7.0% | 75,000 MAD | 24 months | 10% min |
As of 2026, 5 participatory banks are approved by Bank Al-Maghrib and offer a Mourabaha dedicated to the Hajj pilgrimage. Here is the comparison of standard conditions observed in June 2026.
3. Bank Assafa: Mourabaha Hajj details
- 2026 margin: 5.5% to 6.2% depending on scoring
- 0% down payment possible for CDI employees with 24-month seniority
- Indicative monthly: 3,540 MAD/month over 24 months for 80,000 MAD
- Processing time: 15 business days
- Network: 95 branches in Morocco
Subsidiary of Attijariwafa Bank, Bank Assafa offers the most competitive Mourabaha Hajj in the market with a floor margin at 5.5% for CDI employees with stable income. Ceiling of 80,000 MAD fully covers the 2026 official scale (63,021 MAD) plus extras (vaccines, equipment, luggage).
4. Umnia Bank: Mourabaha Hajj details
- 2026 margin: 5.9% to 6.5%
- Minimum down payment: 10% (7,500 MAD for 75,000 MAD)
- Indicative monthly: 3,320 MAD/month over 24 months for 75,000 MAD
- Processing time: 10 business days (fastest)
- Spiritual support: partnership with approved Hajj agency
Joint-venture between CIH Bank and Qatar International Islamic Bank (QIIB), Umnia Bank is positioned in the cadre employee and liberal profession segment. Minimum 10% down payment required for Hajj Mourabaha, in exchange for a reduced processing time of 10 days.
Finance your Hajj via Mourabaha — no conventional interest
5 participative banks offer Sharia-compliant Hajj credit. Markups 5.2 to 6.5%, up to 24 months — compare in 2 min and build your full file.
5. Bank Al Yousr: dedicated pilgrim program
- 2026 margin: 5.5% to 6.0%
- Ceiling: 80,000 MAD
- 0% down payment with guarantor or salary domiciliation
- Includes: Takaful travel + pilgrim kit + 2 preparation sessions
- Network: 50 participatory branches
Subsidiary of BCP and Guidance Financial Group, Bank Al Yousr is the only bank to offer a dedicated pilgrim program including Mourabaha + Takaful travel insurance + pre-departure spiritual support. 0% down payment possible with family guarantor.
6. BTI Bank and Arreda
BTI Bank (subsidiary of BMCE Bank of Africa) offers a Hajj Mourabaha over a maximum of 18 months with mandatory 20% down payment, targeting high-income profiles. Arreda, CIH Bank's participatory window, applies the highest margin (6.5-7%) but accepts files rejected elsewhere (CDD, intermittents with solid guarantor).
BTI Bank
Margin 6.2-6.8%, 18-month term, minimum 20% down payment, ceiling 70,000 MAD. Indicative monthly 4,350 MAD/month. Targets cadres and liberal professions with income > 12,000 MAD/month.
Arreda (CIH)
Margin 6.5-7.0%, 24-month term, 10% down payment, ceiling 75,000 MAD. Solution for CDD or intermittent profiles with solid family guarantor. Processing time: 20-30 days.
7. Step-by-step procedure
- Step 1: Hajj lottery registration (Ministry of Habous)
- Step 2: Receipt of selection attestation (March-April)
- Step 3: Bank file constitution (CIN, payslips, attestation)
- Step 4: Mourabaha purchase promise signing
- Step 5: Internal Sharia Board validation (5-10 days)
- Step 6: Mourabaha contract signing and fund release
Subscribing to a Mourabaha Hajj follows a standardized path at the 5 participatory banks. Count 15 to 30 days between file submission and fund release to the Ministry-approved Hajj agency.
8. Difference vs classic consumer credit
| Criterion | Mourabaha Hajj | Classic consumer credit |
|---|---|---|
| Bank remuneration | Margin known in advance | Interest (riba) |
| Sharia compliance | Yes (Sharia Board) | No |
| Max term | 24 months | 84 months |
| Total cost 80k MAD/24m | ~88,800 MAD | ~88,200 MAD |
| Late penalties | Donation to charity | Moratorium interest |
Mourabaha differs from conventional consumer credit on three fundamental aspects: absence of riba (interest replaced by known margin), intermediate ownership by the bank (which buys then resells), and systematic validation by a Sharia Board. The total cost remains comparable to conventional credit (TAEG 6-8%) but religious compliance is guaranteed.
9. FAQ
Q.Is Mourabaha Hajj really Sharia-compliant?
Q.What is the Mourabaha Hajj ceiling in 2026?
Q.What is the maximum repayment term?
Q.Is a down payment required for Mourabaha Hajj?
Q.What documents to provide?
Q.What is the processing time?
Q.What happens in case of payment delay?
Q.Can I repay early without fees?
Q.Which bank for a CDI cadre profile?
Q.Which bank accepts CDD files?
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