from 9,45% per year
up to 60 months
Information:
Information::
Murabaha agreement is a transaction for the sale by installments of goods purchased by the Bank at the request of the client, or owned by the Bank at the time of the client's request. When selling, the Bank openly shows the purchase price of the goods and the amount of the markup. Murabaha differs from other financial loans in that it does not require interest, since Shariah prohibits usury and prohibits borrowing money at interest.
For what purposes can Murabahah be financed?
- Acquisition of business equipment;
- Acquisition of goods for business;
- Purchase of office and commercial real estate;
- Purchasing a car for business.
Who can receive financing under the Murabaha agreement?
Individual entrepreneurs and legal entities operating on the territory of the Kyrgyz Republic in areas that do not contradict Sharia standards.
Financing for business development
Conditions
- Amount: up to 250 000 KGS - without collateral and guarantee;
- Amount: up to 1 000 000 KGS - under surety (The promotion is valid until December 31, 2024);
- Amount: above 1 000 000 KGS - a collateral is required;
- Term - up to 60 months;
- No commission.
Required documents:
- Passport;
- Documents confirming income and activity;
- Title documents for the pledge.
Markup per year:
- KGS - from 9,45% (Promotion from 04/01/2024 to 12/31/2024 inclusive)
- USD - from 4,39%