HBL RunningMusharakah
A Shariah compliant alternative to conventional running finance facility.
Key Features
Can be utilised to finance any Shariah compliant business requirements
Allows customers to withdraw the desired financing amount up to the approved limit in a
convenient manner
Minimal documentation requirement
Competitive pricing
Criteria
Customer or primary sponsor must be a Pakistani resident
Minimum length of business should be 4 years
Customer must meet the bank’s as well as applicable regulator’s policies
Customer to provide acceptable collateral as per bank’s requirement
How to apply
Applicant to provide:
Original CNIC along with verified copy
Customer’s audited financial statements and disclosures
Proprietorship declaration/partnership deed/latest Form 29
Copy of collateral documents
Other documents as per bank’s policy
Guiding Principle
Under this agreement, bank and the customer enter into a Musharakah, based on Shirkat-ul-Aqd wherein the bank and the customer agree to (i) invest in the identified primary Operating Activities of the Customer’s business and (ii) participate in the profits/loss generated by the Musharakah in proportion to the agreed investment ratio.
Terms and conditions apply. Charges to be applied as per effective Islamic Schedule of Banking Charges (I-SOBC).
