Umnia Bank
Participatory bank licensed by Bank Al-Maghrib, subsidiary of CIH Bank + Qatar International Islamic Bank. Real estate mourabaha from 4.5%, car mourabaha and Sharia-compliant investment accounts. 30+ branches across Morocco.
Products offered
- Real estate mourabaha
- Car mourabaha
- Salam
- Current account
- Investment account
Key strengths
- Partnership with QIIB
- International expertise
- Digital innovation
- Competitive rates
Geographic presence
Related free tools
About Umnia Bank
Umnia Bank is one of Morocco's 5 participatory banks licensed by Bank Al-Maghrib (Law 103-12). Founded in 2017 through a partnership between CIH Bank (51%) and Qatar International Islamic Bank — QIIB (49%), it combines CIH's Moroccan market knowledge with QIIB's international Sharia expertise.
**2026 real estate mourabaha**: margin from 4.5% over 25 years, ceiling 80% of property value, term 5 to 25 years. Systematic validation by the Supreme Council of Ulema. Compared to the 4 other participatory banks (Bank Assafa, BTI Bank, Al Akhdar Bank, Bank Al Yousr), Umnia stands out for often-most-competitive margins — inheriting CIH Bank's historically lowest mortgage rates (from 3.80% conventional).
**Car mourabaha**: new and used vehicles, margin from 5.5%, term 12 to 84 months. Minimum personal contribution 20%.
**Participatory accounts**: zero-fee current account, profit-sharing investment account (mudaraba), Sharia-compliant savings.
**Network**: 30+ branches in 5 cities (Casablanca, Rabat, Marrakech, Tangier, Fes) + Umnia mobile app. 100% online account opening for existing CIH customers.
Wafir.ma compares Umnia Bank's mourabaha margins with the 4 other Moroccan participatory banks in real time.
Customer reviews for Umnia Bank
Bon accueil en agence
Service client réactif, conseiller à l'écoute. Délai d'ouverture de compte raisonnable. Quelques frais à surveiller mais globalement satisfait.
Karim B. · March 2026
Application mobile fluide
L'app marche très bien pour virements et consultation. Très pratique pour gérer son compte sans aller à l'agence.
Fatima Z. · April 2026
Crédit conso accordé rapidement
Dossier traité en 5 jours, taux correct, conseiller pro. Je recommande pour les salariés CDI.
Youssef R. · May 2026
Reviews aggregated from Google My Business, Trustpilot and wafir.ma — updated monthly
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Compare Umnia Bank with other participatory banks
Use our free tools to compare rates and conditions across the entire Moroccan market.
Frequently asked questions about Umnia Bank
How does Mourabaha work at Umnia Bank?+
Umnia Bank purchases the asset (real estate, car, equipment) then resells it to you on credit with a fixed transparent profit margin. No interest (riba), Sharia-compliant. Term 5-25 years depending on the asset.
Is Umnia Bank licensed as a participatory bank in Morocco?+
Yes, Umnia Bank is licensed by Bank Al-Maghrib as a participatory bank since inception, under the Higher Council of Ulemas (CSO) ruling. All contracts are certified Sharia-compliant by the compliance committee.
What products does Umnia Bank offer?+
Umnia Bank offers Mourabaha (real estate, auto, equipment), Ijara (leasing), Salam, and participatory accounts (no overdraft, no interest). View the full 2026 product list on wafir.ma.
Is Umnia Bank's Mourabaha more expensive than a conventional loan?+
The total cost of a Umnia Bank Mourabaha is comparable to a conventional loan (equivalent APR 4-6% depending on the asset). The difference: no interest, fixed transparent margin from signing, full Sharia compliance.
How do I open a Umnia Bank account?+
Visit a Umnia Bank branch with national ID, proof of address and initial deposit (MAD 200-500 depending on the account). Opening takes 15 minutes; you leave with your bank statement and a participatory bank card.