Islamic Financing
Ijarah ( Leasing)
This is a product which allows the PLC -AIF to purchase an item on behalf of a customer, who then leases the item over a specific period by paying a rental. Ownership of the item remains with the service provider (PLC-AIF) throughout the lease period, while the customer has the right to use the item. Upon end of the agreed rental period, the ownership of the item is transferred as a gift to the customer.
Benefits
- Competitive Rentals
- Variable Rate
- Re payment Period Up to 7 Years
- Suitable for Registered & Unregistered Vehicles, Machinery and Equipment
- Capital part settlement Option
Musharakah
Musharakah is a contract of partnership between the customer and the PLC-AIF unit which facilitates financing and management of Shari’ah compliant project.
- Purchase of Vehicle,Property & Machinery
- Working Capital requirements
- Capital part settlement option
Wadiah ( Gold Safe Keeping Facility )
Wadi’ah Gold Safekeeping Facility of PLC offers a convenient solution to financially distressed people by pledging the gold safe keeping certificate during their times of need.
Key Features:
- Convenient repayment periods (10 Days, 30 Days, 60 Days, 90 Days 180 Days, 365 Days).
- Minimum charges for safekeeping – Daily calculation.
- Cash advance with Zero profit rate added.
- Free Takaful Insurance cover for Gold articles.
- Payment through People’s Bank CDM.
- Availability of Outside Settlements.