A financing facility that enables customers to purchase raw material, finished goods, etc to fulfill their business needs.
• Ideal Shariah compliant option for
short-term financing needs
• Flexible payment options - spot, deferred or in instalments
• Competitive pricing
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)
Other documents as per bank’s policy
All bank charges will apply as per the prevalent Islamic Schedule of Bank Charges.
Under this mechanism, the bank purchases and acquires the underlying asset and then sells it to the customer by disclosing the cost and proﬁt at the time of sale execution.
Note: Terms and Conditions apply. Charges to be applied as per effective Islamic Schedule of Banking Charges (I-SOBC)