Murabaha Transactions

Dubai Clear Company may consider requests for transfers of ownership securities by Shariah Compliant Financial Institutions for listed securities underlying an Islamic Murabaha transaction to an investor client of the institution.

Transfer securities from Shariah Compliant Financing Institution (SCFI) to an investor: Murabaha transfer fees is 0 .00275 (0.275%) and calculated as follows:

Number of securities*Market value or higher*rate

Note: all fees to be paid to Dubai Clear Company by the SCFI ONLY

Note: All current fees are subject to VAT. The fee will be added to invoices as per the UAE Federal Law No.8 of 2017.

• • Receive Registration form to open new NIN number
  • Receive Murabaha Transfer form from Islamic Murabaha Institution
  • Open new NIN number for the Islamic Murabaha Institution
  • Transfer the securities from SCFI to investor’s account
  • Send account statement report to the SCFI
  • Prepare voucher

• Fill NIN creation form from Islamic Murabaha Institution
• Fill transfer form
• Pay Murabaha fees by SCFI

Submitted by SCFI either by mail or by hand.
Or apply through eServices.