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Financing Product
The product is based on the Shariah concept of Tawarruq and is offered for working capital purposes and or in combination with other credit facilities. MCash is revolving in nature and comes with the added benefit of possible rebates on any unutilized financing amount at the Bank’s discretion.
Our Al-Ijarah-based financing helps you acquire short to medium-term financing for fixed assets such as plant and machinery, property, computer and information technology equipment, motor vehicle, and heavy machinery. With Sale and Leaseback transaction options, we also offer a ready source of funds to meet working capital requirements.
Our Murabahah Tawarruq Financing products offer a deferred payment basis by way of Murabahah. With this product, you can purchase a commodity as the underlying asset from the Bank, and sell it for cash to a party other than the original seller.
This facility is based on the Al-Murabahah contract and is ideal for working capital financing. With competitive profit rates pegged to MR and the ability to securitize assets for multiple drawdowns, MRF is a ready source of funds to help your business stay nimble and responsive to market changes.
Notice on Revision of Terms & Conditions for Debit Card-i and Cardholder Agreement for Credit Card-i