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Corporate Banking |
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Ijara |
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Ijara is an agreement whereby the Bank purchases an assets on the promise of leasing by the customer for an agreed period at Fixed and Variable rents to be paid over an agreed period. It is an effective financing tool allowing corporations to get their equipment/machinery through leasing to reduce the capital expenditure instead of complete purchase. Other than equipment and machinery, Ijara can also be used to finance cars, housing, and equipment. Ijara period normally ranges from three to seven years, with the lessee having the right to purchase the leased asset at the end of the Ijarah period.
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Online Chat is available
from 7:30 AM to 6:30 PM,
SAT-THU
click here to start live chat |
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| PROFIT RATES (%) : 2011 - 2012 |
| Tenor |
Nov |
Dec |
Jan |
| 1 month |
2.25 |
2.25 |
2.00 |
| 3 months |
2.80 |
2.80 |
2.75 |
| 6 months |
3.25 |
3.25 |
3.00 |
| 1 year |
3.50 |
3.50 |
3.50 |
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13 303030
Call Centre |
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