A Shariah compliant short term financing facility made available through Current Account-i to cater for the purpose of working capital and asset acquisition.
| Item |
Description |
| Shariah Concept |
Murabahah Tawarruq |
| Who Can Apply? |
Small & Medium Enterprise (SME) |
| Facility type |
Variable Rate capped at Ceiling Profit Rate
|
Financing Tenure
|
Minimum: 3 years
Maximum: 10 years |
| Fees & Charges |
Click here |
| Features |
- Facility for business working capital or asset aquisition
- Flexi usage
- No fixed payment
- No commitment fee on
the unutilised amount
- Profit charged is
based on amount utilised and it is non-compounded
- Profit rate is capped
at Ceiling Profit Rate
|
Click
here for the product disclosure sheet.