Description
A Shariah compliant short-term revolving facility.
Purpose
For working capital, capital injection and/or asset acquisition that cater for business needs or project/contract financing.
Features & Benefits
- Flexible tenure of 1,3,6,9 or 12 months.
- Amount paid is allowed to be reused.
- Offered at fixed or variable profit rate capped at Ceiling Profit Rate.
- Lump sum payment upon each maturity.
Eligibility
- Registered clubs, associations, societies, private limited companies, public limited companies and government.
