Business Banking

Business Financing-i / Term Financing-i

Term Financing-i is a financing package with fixed profit rates designed for companies and co-operatives. It is based on Islamic concept of Bai' Al-Inah (buy and sell back agreement), Al'-Istina (where payments are made in stages to facilitate progress of the manufacturing or construction of the subject of sale) and Al-Bai' Bithaman Ajil (where the bank provides financing to customers to own property by purchasing the asset/service with cash and sell back the property/service to the customer at cost price plus profit).

Eligibility : All business entities such as private limited companies and co-operatives.

Concept : Tawarruq

Purpose : Working capital for business expansion involving companies from various sectors including agriculture, credit consumer, property, manufacturing, infrastructure, retail, communication, oil and gas, etc.

Margin : Up to 80% of working capital requirement

Tenure : Maximum 10 years.

Additional Documents Required

Term Financing-i

  • Detail information on purpose of financing.
  • A valuation report of property to be charged as security if applicable.
  • Cash flow and project profit & loss projection.