Asset and Project Financing
Overview
A Shariah Compliant Financing for acquiring assets/items to support existing or new business by purchasing the assets required by customer from agreed suppliers and sell the same to customer on profit using Murabaha Contract.
- Underlying Contract is Murabaha.
- Assets/items must be Shariah Compliant.
- Finance of movable or immovable Asset/items.
- Tenor:
- Up to seven (7) years for asset financing.
- Up to 10 years for project financing
- Up to 20 years for Mortgage
- Grace Period: up to 36 months for project financing and up to 12 months for Asset Financing depending on eligibility.
- Offered to legally existing business or new.
- Offered to individuals, sole proprietors, partnerships, trustees, companies etc.
Shariah Compliant Financing.
Opportunity to grow your asset
Existence of registered business for not less than a year
Supportive cashflow
Adequate security coverage.
Customer may be required to place 20% of purchase cost as commitment fund.
