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.

• Concept
  - Musharakah Mutanaqisah (Diminishing Partnership)
• Purpose
  - Financing purchases of asset/property such as landed properties, plant & machinery,  vessels, commercial vehicles, etc;
  - Refinancing of the above assets/properties;
• Tenure
  - Up to 20 years
• Pricing
  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.

Features

• 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.

Eligibility

• Eligible commercial and corporate customers, local and foreign.

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