Features

• Based on the principle of Murabahah (sale and purchase contract)
• No commitment fee on unutilised amount
• Maximum financing period for particular ceiling rate is 5 years. Profit rate will be subject to periodical review
• Profit rate is at par with the Conventional OD rate
• Protection against rise in BLR by a fixed ceiling rate
• Third party financing is allowed

Scope

• For working capital requirements
• For personal consumption
• For purchase of assets/properties

Who can apply

• Muslim and non-Muslim individuals or joint account holders
• Companies incorporated under the Companies Act