Muamalat BBA Fixed Asset Financing-i (BBA)

This financing facility operates based on Al-Bai Bithaman Ajil (BBA) contract. BBA refers to a sale with a deferred payment. Under this contract, the bank will purchase the required asset at a cost and then sell it to the Customer at a selling price (cost plus profit) on deferred payment basis at the duration and price agreed by both parties payable by fix installment.

Benefits

• Enable the Customer to plan their cashflow since monthly payment is fixed throughout the financing period;
• Payment period up to 15 years;
• The Customer is covered by the Takaful Mortgage Plan.