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Financing : Cash Line Facility-i
 
   
 
 
     
Cash Line Facility-i    
Description
A Shariah compliant short-term facility made available through the Current Account-i where utilisation is allowed up to the facility limit approved by the Bank.

Purpose
Additional funds for working capital requirement or capital injection or personal use or project/contract financing.

Features & Benefits
•    Flexi usage.
•    No fixed payment.
•    Cheque book facility
•    Not commitment fee on the unutilised amount.
•    Non-compounding on profit.
•    Offered at fixed or variable profit rate capped at Ceiling Profit Rate.
•    Yearly review

Eligibility
•    Individuals aged 18 years old and above.
•    Registered clubs, associations, societies, private limited companies, public limited companies and government.


Recommended Products: Overdraft
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