- Shariah Concept
Tawarruq'
- Margin of financing up to 80%
- Purpose
To finance purchase of business premise
- Maximum tenure of 15 years
- 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
- Copy of Sale and Purchase Agreement (SPA)
or Copy of Booking Receipt
(if SPA is not available)
- Copy of valuation report
- Copy of title deed
- Tenancy Agreement
(where applicable)
- Purpose of purchasing property
