Close
Personal
Business
Featured Image of Cashline Facility
Financing

Cashline Facility

Featured Image of Cashline Facility

The product is based on the Shariah concept of Tawarruq and other relevant Shariah contracts. For the business use, this product is offered for working capital purposes and/or combination with other credit facilities acceptable by the Bank.

Muamalat Cash Line Facility-i (MCash)

The product is based on the Shariah concept of Tawarruq and other relevant Shariah contracts. For the business use, this product is offered for working capital purposes and/or combination with other credit facilities acceptable by the Bank.

Tawarruq is an arrangement that involves a purchase of a commodity or asset based on deferred payment basis by way of Murabahah. In this case, the Customer is purchasing the commodity as the underlying asset from the Bank. The commodity or asset is then sold for cash to a party other than the original seller.

 

Benefits
  • Revolving in nature;
  • The Bank at its discretion may grant Ibra´ or rebate on any financing amount unutilized.

 

Features

Settlement of selling price comprise of:

  • Profit which is to be serviced throughout the facility period;
  • Principal amount to be settled in full upon expiry or other settlement arrangement agreed by the Bank.

 

You might also be interested in

Chat with us on
WhatsApp
AUSTRALIAN DOLLARAUD3.2220003.0680003.052000
BRUNEI DOLLARBND3.5880003.4300003.419000
CANADIAN DOLLARCAD3.4900003.3650003.348000
SWISS FRANCCHF5.3860005.1520005.134000
EURO EUR5.2560004.9640004.942000
STERLING POUNDGBP6.1770005.9220005.913000
NEW ZEALAND DOLLARNZD3.0580002.8390002.824000
SINGAPORE DOLLARSGD3.5880003.4440003.443000
UNITED STATES DOLLARUSD4.8430004.5910004.574000

2024-06-13 08:48:21