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
Agreement Signing
Documentation Submission
Payment to Supplier
Vehicle Purchase
Murabaha sale is completed.