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Eligibility
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Muslims and non-Muslims individuals or joint account holders |
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Companies incorporated under the Companies Act |
Scope
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For working capital requirements |
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For personal consumption |
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For purchase of assets |
Features
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Fixed financing cost throughout tenure of financing |
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Third party financing is allowed |
Concept
| Bai’ Bithaman Ajil or Deferred Payment Sale refers to the sale of goods on a deferred payment
basis at a price that includes a profit margin agreed upon by both buyer and seller. |
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