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Financing
Asset Based Financing

Asset based finance under Murabaha, is the financing through the purchase and sale of assets specifically plant, machinery and equipment, granted to manufacturing entities only. The customer (asset – buyer) will pay the price of the assets purchased by the bank in instalments over the period agreed between the parties not exceeding three years. The client will secure the payments by providing required collateral/security which comprises the asset financed and other collaterals.

 
Features
  • Asset Based
  • Up to three years repayment period
  • New and Used Asset
Benefits
  • Competitive fixed profit rate
  • Up to three years repayment period
  • Flexible repayment options
  • Reasonable Turnaround time
  • Transparent process
  • The asset forms part of the security
  • Dedicated relationship manager
  • No penalty on early repayment
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