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Erudite AfricaCenter of Excellence
← Interest Free Banking Financing: Practitioner

IFB financing products

Module 05 / 9 · 65 min

Match each customer to the right trade, export, guarantee, term or Qard al-Hassan product, with its specific eligibility, and offer only products the Sharia'h Advisory Committee has approved.

In this module you will learn to

  • Describe the trade, import, export, guarantee and term financing products and the mode behind each
  • Apply each product's specific eligibility to a customer case
  • Explain how Qard al-Hassan products, such as overseas employment agency financing, work
  • Explain the new product approval rule and the purpose of customer classification

Built on

  • Erudite Africa training outline: Interest Free Banking Financing, Three-Level Course, Level 2 Practitioner (October 2026)
  • A typical Ethiopian bank's IFB financing business procedure (May 2025), unnamed: definitions, governance, roles, modes, products, processing, pricing, collateral and disbursement
  • AAOIFI Sharia'h Standards, including No. 8 Murabaha, No. 9 Ijarah, No. 10 Salam and No. 11 Istisna'; the host bank's Sharia'h Advisory Committee rulings take precedence in that bank
  • NBE Directive No. SBB/72/2019, Licensing and Authorization of Interest Free Banking Business; Directive No. SBB/91/2024, Bank Corporate Governance; Directive No. NBE/INT/13/2026, Interest Rates (As Amended)
  • NBE Foreign Exchange Directive No. FXD/01/2024 as amended, including Directive No. FXD/05/2026

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.