Our hire purchase package is Shariah compliant financing facility and enables companies to enhance their commercial transportation fleet.
Bank Rakyat Hire Purchase-i is based on Al-Ijarah Thumma Al-Bai which forms a complete lease and buyback agreement based on an agreed amount.
Call us to enquire how Bank Rakyat can assist you in the purchase of commercial or industrial vehicles.
Eligibility : All business entities such as private limited companies and co-operatives.
Concept : Al-Ijarah Thumma Al-Bai
Purpose : To purchase commercial and industrial vehicles
Margin : Up to 70% of vehicle purchase price
Tenure : Maximum 7 years.
Additional Documents Required
- Quotation and detailed information of the vehicles to be purchased
- Cash flow and profit & loss projection of the contract