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Diminishing Musharakah

Our Diminishing Musharakah promotes financial solutions of fixed movable assets and long term projects that are compliant with the Shariah law.

Requirements

  • Original valid documents ID/ Passport/ Government ID
  • Driving License
  • Birth Certificate
  • Commercial Registry copy (if its company)
  • Valid passport copy of authorized personnel and copy of Articles of Association defining their powers
  • Capital contribution shall be in cash
  • Facility Application Form
  • Other documents as per bank’s policy
  • Processing fee of 0.5% of the financed amount
  • Account Opening Fee $5

Features and Benefits

  • -Diminishing Musharkah based on the Shariah contract of Musharkah, which means profit sharing.
  • Diminishing Musharakah can be used by small, medium, commercial enterprises & corporate entities.
  • Diminishing Musharakah is an ideal mode for medium to long term finance as it offers flexible financing terms to match the Customers’ requirements.
  • Can be used to finance the acquisition/construction of capital assets such as land, factory, building, etc.
  • Ideal for investment banking and project financing needs
  • Sharia compliant
  • Promise from the client to purchase the units of shares of the financier.

We are here for you!

The bank follows Shari’ah Law which seeks a “just” and “equitable” distribution of resources.

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