Hire Purchase-i

  • Propose To purchase commercial and industrial vehicles
  • Margin of Financing up to 70% of vehicle purchase price
  • Financing tenure up to 7 years
  • Shariah Concept Tawarruq'
  • No early settlement fees
  • Protection against rise in financing profit rate through ceiling profit rate
  • No compounding profit
  • Compulsory rebate (ibra') for early settlement
  • No commitment fees for unused amount
  • Competitive profit rate
  • Private Limited Companies
  • Public Limited Companies
  • Cooperatives
  • Quotation and detailed information of the vehicles to be purchased
  • Cash flow and profit & loss projection of the contract