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Business Financing-i 

Vehicle-i

Our vehicle financing-i package is Shariah compliant financing facility and enables companies to purchase commercial and industrial vehicles to enhance their commercial transportation fleet.


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 (AITAB)

Purpose

To finance the purchasing and/or reimbursement of the following goods for private, business, and/or industrial use:

i. Act Goods

ii. Non-Act Goods

iii. Equipment/Plant/Machinery Acceptable by Bank

Margin

The margin of financing will be categorized by the following segment:

Segment 

Margin 

i. Act Goods  

 

Up to 90% 

ii. Non-Act Goods 

iii. Equipment/Plant/Machinery Acceptable by Bank 

Tenure

Tenure of financing will be categorized by the following segment:

No

Segment

Tenure of financing

1

Act Good

Up to 9 years

2

Non- Act Goods

Up to 7 years

3

Equipment/Plant/Machinery

Up to 5 years




Additional Documents Required

  • Quotation and detailed information of the vehicles to be purchased
  • Cash flow and profit & loss projection of the contract

For further information, you may visit our nearest branches or call our tele-Rakyat Contact Centre at 1-300-80-5454

* Subject to terms and conditions

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