Murabahah Cash Line Facility-i
A Shariah-compliant financing for working capital requirements, personal consumption, or purchase of assets or properties
Financing tenure:
3, 6, 9, 12 months up to a max of 5 years
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
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