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  • 06 Feb2018
    Posted by CDB Finance PLC
    Uses Facebook as fund transfer option Sender does not require recipients’ bank account details CDB Savings Account holders gain added convenience Always the pioneer, always the trailblazer, Citizen’s Development Business Finance – CDB’s revolutionary e-finance platform CDBiNet is using the Read more...
  • 27 Dec2017
    Posted by CDB Finance PLC
    General Manager CDB Nayanthi Kodagoda being presented the Gold Award at the SLITAD People Development Awards 2016/17 Continuing its unrelenting winning streak during 2017, Citizen’s Development Business Finance (CDB) won yet another prestigious accolade at the SLITAD People Development Award, Read more...
  • 27 Dec2017
    Posted by CDB Finance PLC
    Building on its deep-rooted commitment to youth empowerment, Citizens Development Business Finance PLC (CDB), launched its knowledge based CSR initiative by organizing a seminar for advanced level students in a bid to equip them with holistic knowledge that would steer Read more...
  • 27 Dec2017
    Posted by CDB Finance PLC
    First Runner Up in the Turnover Less Than Rs 15 Bn Category Wins Best Sustainability Project Award for its Green Ninja – CDB Quiz Master 2017 Merit Certificate - Best Sustainability Project for ‘Act Early’ for Autism Awareness Campaign Having Read more...
  • 21 Aug2017
    Posted by CDB Finance PLC
    The CDB Team emerged Tier B Champions at the Annual MCA Open Sixes Cricket Tournament, beating Maliban Biscuits in the Finals. This resounding victory comes after the jubilation of CDB clinching the championship in the D Division 40-over game organized Read more...
  • 05 Jan2018
    Posted by CDB Finance PLC
    Leadership in sales aptly recognised by the country’s marketing fraternity CDB’s intense training and leadership development amply rewarded The NASCO Awards held annually to recognise and reward sales leadership organised by the apex national marketing body in the country, the Read more...
  • 08 Feb2018
    Posted by CDB Finance PLC
    Opens 70th branch, reinforcing islandwide presence Strengthens expansion plan by presence in strategic locations Keen to integrate all demographics into national development process   Having carved its name as a business entity that proudly upholds the vision of being a Read more...
  • 07 Feb2018
    Posted by CDB Finance PLC
    Sustaining and developing Sri Lanka’s Small and Medium-sized Enterprises (SMEs) is critical in generating economic growth and prosperity. Government statistics estimate SMEs account for 35% of total employment and contribute an impressive 50% to Gross Domestic Production (GDP). However, despite Read more...

CDB Islamic Finance
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CDB Meezan is the Islamic Finance wing of Citizens Development Business Finance PLC (CDB) which operates under the guidance of Islamic Shari’ah concept.

Product Offering

• IJHARA (Leasing)
• Mudharabah ( Savings and Deposits)
• Murabahah (vehicle financing)

 

IJARAH (leasing facilities for brand new and registered vehicles)

“Ijarah” is a mode of financing in Islmaic Sharia Law and widely practiced across the globe in the Islamic Banking and Finance Industry. The Ijarah scheme is unique, being specially designed and tailor-made to address all your vehicle leasing needs. We’ll purchase the motor vehicle of your choice and style, and let you use it over a mutually agreed lease period and gift it to you at the end of the lease period, upon successful completion of lease. All you have to do is pay the rental on time. We will insure and bear the cost of all major repairs, leaving you with only the small hassle of routine maintenance. In this way, we take a major part of your risk away, giving you the freedom to enjoy the benefits of Ijarah.

• Up to 100% financing
• Competitive lease rentals
• Comprehensive Sharia compliance Insurance Cover
• Maximum leasing period (72 months)

 

Download the application for a new account

CDB-Ijarah

Mudharabah

“Mudharabah” is a mode of investment prescribed in Islamic Sharia Law and widely practiced across the globe in the Islamic Banking and Finance Industry. The Mudharabah (Investment) is a contract, with one party providing 100% of the capital and the other part providing their specialist knowledge and expertise to invest the capital and manage the investment project. Profits generated are shared between the fund parties according to a pre-agreed ratio and the losses incurred are solely born by the fund provider (unless proven mismanagement, negligence or transgression by the fund manager takes place).

Mudharabah Savings 

Mudharabah  Savings operates on a profit and loss sharing basis under the Shari’ah guidelines. Customers are free to withdraw money in full or partially at any given time.

Mudharabah Deposits

A term investment option available for customers on profit and loss sharing basis. Profits generated through deposits at the stipulated period is being shared between customer and CDB at a pre-agreed ratio at the time of investment.

Product benefits

• Shari’ah compliant return on your investment
• Competitive profit sharing ratio
• Investments from 1 month to 36 months
• Profit payable monthly or at maturity
• Minimum deposit: Rs. 10,000

CDB-Mudarabah

 

Murabahah vehicle financing

A shari’ah compliant financing option designed to fulfill vehicle purchase needs on the basis of buy and sell (trading). Cost of goods and profit margin of seller (CDB) is disclosed to the customer at the time of entering in to Murabahah facility agreement.

Product benefits

• Competitive pricing (installment)
• Minimum documentation

Terms & conditions apply
Product information and terms & conditions are subject to change from time to time.
Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.