A medium to long-term financing facility used to finance capital assets such as plant, machinery and vehicles.
Bank bears the risk of the asset throughout the Ijarah tenure
Flexibility to choose between ﬁxed and ﬂoating rate
Customer to provide acceptable collateral as per bank’s requirement
Customer must meet the bank’s as well as applicable regulator’s policies
How to Apply
Applicant to provide:
• Customer’s Basic Fact Sheet
• Facility Application Form
• Financial Statements (as per Prudential Regulations and bank requirements)
• Company’s Profile
• Other documents as per bank’s policy
All bank charges will apply as per the prevalent Islamic Schedule of Bank Charges.
Under this facility, the bank acquires the asset needed by the customer and then leases it to the customer for a ﬁxed period.
Note: Terms and Conditions apply. Charges to be applied as per effective Islamic Schedule of Banking Charges (I-SOBC)