• To finance the purchase of Shariah-compliant assets such as vehicles for business operation beyond the scheduled goods of Hire Purchase Act 1967.
  • New equipment up to 90% of the asset value.
  • Up to 5 years.
  • Please refer to the Product Disclosure Sheet below for further details of the Hire Purchase-i (Scheduled).

 

Application Requirements

  • Private and public companies must be in operation not less than two (2) years, with an operating profit for two (2) latest financial years (audited accounts) and shareholders' funds are positive.
  • Guarantee and Indemnity all Directors & Shareholders.
  • Obtained contract with the government or government related company.

How to apply?

Please provide the following documents:-
  • Company's profile
  • Information of Shareholders
  • Information of Board of Directors & Management Executives
  • Form 24 & 49
  • Memorandum & Article Of Association
  • Audited Account – the latest 2 years
  • Management Account – current period
  • Supporting documents e.g. employment contract
  • Description of assets/equipment to finance e.g. invoice, quotation or brochure