Property Financing-i

  • Shariah Concept
     Bai` `Inah
  • 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