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A Shariah-compliant overdraft financing for working capital requirements, personal consumption, or purchase of assets/properties.
Shariah Contract

The Shariah contract applied for Cash Line-i is Murabahah (cost plus profit sale) via Commodity Murabahah/Tawarruq arrangement.  It is a method of sale with a mark-up price whereby the Customer makes payment over an agreed period of time. The underlying asset for the sale transaction between the Customer and the Bank will be a specific tradable Shariah-compliant commodity.

Who can apply
  • Individuals or joint account holders
  • Companies incorporated under the Companies Act 2016
  • Sole Proprietorship
  • Partnership
  • Association/Club/Society
Purpose
  • For working capital requirements
  • For personal consumption
  • For purchase of assets/properties
Tenure

Maximum financing period of 5 years. Thereafter, the renewal of financing period is subject to Bank’s Approval. Effective Profit Rate will be subject to periodical review.

Others
  • No commitment fee on unutilised amount
  • Protection against fluctuation of IBR (Islamic Base Rate)/BFR(Base Financing Rate) with a fixed ceiling profit rate.
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