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FINANCIAL IJARAH

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FINANCIAL IJARAH

Ijarah (Lease) does lead to purchase and usually refers to a leasing contract of property (such as land, plant, office automation, a motor vehicle), which is leased to a client for stream of rental and purchase payments, ending with a transfer of ownership by signs a separate promise to gift or sale the leased asset to the lessee at the end of the lease period, subject to his payment of all amounts of rent. This arrangement is called 'Ijarah wa iqtina’.

Thus, we are here to purchase fixed assets for your business, like building, vehicles or other facilities against agreed rental. An easy way to solve your capital injection problem. Through this facility you can have your own asset in the future.

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  • All companies having a valid business license
  • Minimum 1 year business experience
  • Business financial capacity (healthy financial statement of past 1 or 2 years)
  • Collateral against facility (Shari’ah Qabala of immovable property)
  • Accurate Business Plan

  • Minimum contract period is 12 months (year)
  • Maximum contract period is 36 months (3 year)
  • No rebate chance for early settlements
  • Only purchasing assets and products (permissible as per Shari’ah principles)
  • Profit rate between the Bank and the client is negotiable

  • Submit your request letter to our nearest branch
  • After the Bank received your request letter, then the Bank starts other investment required process
  • The appraisal and assessment process will take 15 to 20 days
  • Minimum and Maximum limit of the investment facility will be decided once your business is appraised by the Bank

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