AGROBANK Murabaha
A financing facility that enables
customers to purchase raw material, finished goods, etc. to fulfill their business needs
MURABAHA
Agrobank Murabaha Finance is an Islamic financing product approved by Agrobank’s Shariah Committee. You can buy a certain quantity of goods owned by the Bank at an agreed profit and repayment plan. You can take possession of the goods, and if you choose not to, we have made it easier to sell the goods on your behalf by signing a procuration (WAKALA) to the merchant. Proceeds will be credited into your account. The goods offered by Agrobank include petrol, rice and flour.
FEATURES
- Ideal Shariah-compliant option for short-term financing needs.
- Flexible payment options – spot, deferred, or in installments.
- Competitive pricing.
CRITERIA
- Customers must meet the bank’s as well as applicable regulator’s policies.
- Customers are needed to provide acceptable collateral as per the bank’s requirements.
REQUIRED DOCUMENTS
- Complete AGROBANK required application form.
- A copy of a valid ID card. We will certify the authenticity of the copy to the original one.
- Introduction letter from employer which would include basic salary, allowance details and the date of employment commencement.
- Salary assignment letter in favor of AGROBANK.