Sahih Motor Import Financing
Allows the importation of cars under The Murabaha contract, also referred to as cost-plus financing.
All you need
Pre-approval stage
- Product Disclosure sheet.
- Application Form.
- Letter of offer.
- Master Murabaha Agreement.
Post approval stage (After possession of Bill of Lading or Upon Arrival of the MV).
- Murabaha Sales Agreement.
Your Loan calculator
Rules Of Muhabara
- Murabaha goods must exist at the time of contract execution
- Ownership of Asset
- Subject matter to be tangible
- Asset should not be used for non-shariah compliance purposes.
- The subject of sale must be specifically known and identified by the buyer.
- The penalty fund shall be used for charity purposes.
The Journey To Your Dream Car
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Agreement Signing
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Documentation Submission
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Payment to Supplier
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Vehicle Purchase
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Murabaha sale is completed.