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    A Shariah-compliant overdraft financing for working capital requirements, personal consumption, or purchase of assets/properties.
    Features
    • No commitment fee on unutilised amount
    • Based on the principle of Murabahah (cost plus profit sale)
    • Maximum financing period of 5 years. Thereafter, the renewal of financing period is subject to Bank’s Approval. Effective Profit Rate will be subject to periodical review.
    • Protection against fluctuation of IBR (Islamic Base Rate)/BFR(Base Financing Rate) with a fixed ceiling rate.
    • The Shariah concept applied for Cash Line-i is Murabahah (cost plus profit sale) via Commodity Murabahah/Tawarruq arrangement.  It is a method of sale with a mark-up price whereby the Customer makes payment over an agreed period of time. The underlying asset for the sale transaction between the Customer and the Bank will be a specific tradable Shariah-compliant commodity.
    Purpose
    • For working capital requirements
    • For personal consumption
    • For purchase of assets/properties
    Who can apply
    • Individuals or joint account holders
    • Companies incorporated under the Companies Act
    • Sole Proprietorship
    • Partnership
    • Association/Club/Society
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