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Permanent Musharakah

Our permanent Musharakah has been structured in a manner which ensures the principles of Shari’ah related to Musharakah. 

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

  • Permanent Musharkah based on the Shariah contract of Musharkah, which means profit sharing.
  • Permanent Musharakah can be used by commercial and corporate entities
  • The customer can utilize Permanent Musharakah financing to meet their working capital requirements.
  • Partial risk sharing of the financed asset
  • 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
  • Higher levels of investment
  • Desirable income of distribution
  • Financial stability
  • Sharia compliant

We are here for you!

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

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