Musharakah Mutanaqisah Term Financing-i or MM Term financing-i (MMTF-i) is a shariah compliant financing facility offered for new and existing corporate and commercial customers for asset acquisitions and refinancing such as landed properties, plant and machinery, vessels and commercial vehicles.
- Musharakah Mutanaqisah (Diminishing Partnership)
- Financing purchases of asset/property such as landed properties, plant & machinery, vessels, commercial vehicles, etc;
- Refinancing of the above assets/properties;
- Up to 20 years
The pricing is competitive as per the Conventional loan which could be offered under:
- Fixed rate; or
- Floating rate ; or
- A combination of Fixed rate and Floating rate.
- Customer’s monthly installments for the financing paid to the Bank will increase customer's ownership of the asset/property.
- The ownership of the asset/property will progressively move towards the customer and the financing ends when the customer owns 100% of the asset/property.
- Eligible commercial and corporate customers, local and foreign.
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