Description
A Shariah compliant short-term facility made available through the Current Account-i where utilisation is allowed up to the facility limit approved by the Bank.
Purpose
Additional funds for working capital requirement or capital injection or personal use or project/contract financing.
Features & Benefits
- Flexi usage.
- No fixed payment.
- Cheque book facility
- Not commitment fee on the unutilised amount.
- Non-compounding on profit.
- Offered at fixed or variable profit rate capped at Ceiling Profit Rate.
- Yearly review
Eligibility
- Individuals aged 18 years old and above.
- Registered clubs, associations, societies, private limited companies, public limited companies and government.
