BRANCH & ATM LOCATOR
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Select the industrial property we wish to invest in, and we buy the usufruct instead. Then rent it to you at an agreed rental value for an agreed period, with a promise to sell you back the usufruct at the end of the lease term at the market price through an independent sales contract.
- Audited financial statements and cash flow statements for the last three financial years
- New property evaluation
- Your legal documents
- Official facility request form
Fixed price (Central Bank discount rate +%)
What assets can be granted through the Lease leading to Ownership?
These assets include, but are not limited to, vehicles, machinery, etc., as long as they are Sharia-compliant.
Can I (as a tenant) request to terminate the lease contract before the due date and buy the leased property or asset?
Yes, upon the bank’s approval.
- The Bank buys the property or asset from the seller (the original owner) and registers it in the name of the bank.
- The Bank retains ownership of the leased property or asset, in addition to all the rights and obligations thereto.
- The tenant (customer) is responsible for the maintenance of the property or asset.
- Facility grants are subject to evaluation and internal approvals at the bank.
- The Bank may reconsider its margin of profits on any financing transaction with credit facilities, provided that the Bank informs the client of the new profit margins.
- The customer shall disclose to the Bank all the parties associated with it economically or legally pursuant to the definition contained in the instructions of the Central Bank regarding the maximum limits of credit.
