Murabaha is a particular kind of sale, where the Seller (normally the Bank) expressly mentions the cost of assets (e.g. commodity / raw material / machinery / fixed assets); it has incurred, and sale the same to the Customer by adding some profit thereon. Thus, Murabaha is not a loan given on interest; it is rather a sale of assets for either cash or deferred price, on a declared cost plus profit basis.
One year (negotiable considering the business nature).
Eligibility Criteria
Meet the five Cs requirement of Credit Department of the Bank
Certified true copy of Business License
Valid Tazkira/ Passport copy of company owners guarantors.
Financial Statements
Company profile
Other related documents
Required Collateral
1. The customer should provide immovable assets as collateral. The value of collateral should be above 150% of financing facility.
2. Constructive charge on the stocks/raw materials/tradable goods/equipment purchased for trading.
Benefits
1. Competitive Profit rate
2. Flexible and Convenience tenure of payment