Mourabaha Simulator
Simulate your real estate or auto Mourabaha: monthly payment, margin and total cost, compared across Morocco's 5 participatory banks. Free, no commitment.. Compare Morocco's 5 participative banks and simulate your Sharia-compliant financing.
Mourabaha
4.250 MAD
/month
Total cost
1.020.000 MAD
Margin
520.000 MAD
Conventional loan
3.355 MAD
/month
Total cost
805.265 MAD
Interest
305.265 MAD
Monthly difference
+895 MAD
Monthly Payment
4.250 MAD
Total Cost
1.020.000 MAD
Profit margin
520.000 MAD
Acquisition price
500.000 MAD
What is Mourabaha?
Mourabaha is a Sharia-compliant financing method. The bank buys the property and resells it to you with a pre-agreed profit margin. No interest (riba), and the total cost is fixed at signing.
This is only an indicative estimate
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How does this simulator calculate your Mourabaha?
Mourabaha is a sale with a pre-agreed profit margin: the participatory bank buys the asset (property or vehicle), then resells it to you at a marked-up price, payable in fixed monthly installments. Unlike a conventional loan, there is no interest: the margin is contractual, immutable and known at signing.
The simulator computes your monthly payment from three inputs: the purchase price, your down payment (20% minimum at most banks, 30% for Moroccans living abroad) and the repayment term (up to 25 years for real estate). The applied margin is calibrated on the ranges actually charged by Morocco's 5 participatory banks in 2026: 5.10% to 6.20% APR-equivalent (Bank Assafa the most competitive, then Arreda, Umnia, Al Yousr and BTI Bank).
The result shows the monthly payment, total financing cost and margin share — directly comparable with a conventional loan simulation to measure the real cost of Sharia compliance (typically 0.30 to 0.50 points of effective margin).
Mourabaha frequently asked questions
Which bank offers the cheapest Mourabaha in Morocco in 2026?
Bank Assafa (Attijariwafa Bank subsidiary) applies the most competitive effective margins: 5.10 to 5.90% APR-equivalent. Then come Arreda (5.20%), Umnia Bank (5.25%), Bank Al Yousr (5.30%) and BTI Bank (5.40%). On MAD 1.5M financed over 20 years, the gap between first and last reaches about MAD 54,000.
What is the minimum down payment for a real estate Mourabaha?
20% of the purchase price at most Moroccan participatory banks, and 30% for Moroccans residing abroad (MRE). That is higher than conventional credit (10-20%) — one of the key differences to plan for.
Can a Mourabaha monthly payment increase during the contract?
No. The margin is contractually fixed at signing and can never be revised — up or down. That is Mourabaha's main safety versus a variable-rate loan: your installment is immutable for the entire term.
Does Mourabaha cost more than a conventional loan?
Marginally: the average 2026 Mourabaha margin (5.10-6.20%) exceeds the equivalent conventional APR (4.50-5.75%) by 0.30 to 0.50 points, i.e. roughly MAD 30,000-50,000 over 20 years on MAD 1.5M. In exchange: religious compliance certified by the Supreme Council of Ulema and a fully predictable installment.
Who certifies Sharia compliance of Mourabaha in Morocco?
The Supreme Council of Ulema, through its participatory finance committee, validates every product of the 5 participatory banks licensed by Bank Al-Maghrib (law 103-12). No product can be marketed without this compliance opinion.
Assumptions and margins verified on August 19, 2026 — Wafir.ma
Wafir.ma is an independent comparison service — neither an ACAPS-licensed insurance broker nor a credit institution licensed by Bank Al-Maghrib. Displayed rates are indicative only.