A facility that caters to the working capital requirements of agricultural sector and manufacturers/exporters of homogenous commodities.
Can be used by customers to ﬁnance overheads and utilities cost
Ideal for agricultural ﬁnancing needs.
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:
Customer’s Basic Fact Sheet
Facility Application Form
Financial Statements (as per Prudential Regulations and bank requirements)
All other documents as per bank’s policy and regulatory guidelines
All bank charges will apply as per the prevalent Islamic Schedule of Bank Charges.
It is a sale whereby the seller (customer) delivers speciﬁc goods to the buyer (bank) at a future date in exchange of a price fully paid in advance. Upon delivery of the goods to the bank, the bank appoints the customer as its agent to sell the goods in the market
Note: Terms and Conditions apply. Charges to be applied as per effective Islamic Schedule of Banking Charges (I-SOBC)