Murabaha Asset
Finance

Our Asset Finance is based on the Shari'ah principle of Murabaha. A contract that involves the sale of an item on a deferred basis. Tijaara purchases the car based on the customer's request & promise, and then sells it to the customer at the cost plus the agreed profit rate, thus concluding the Murabaha Sale Contract. The car is delivered immediately, and the payment is made through easy installments.

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Murabaha Stock Finance Features

Easy, convenient, and quick approval process with minimal documentation

Concept

Based on the concept of Murabaha.

Financing

Upto 100% financing of the asset.

Period

Maximum repayment period is 12 months.

Requirements

For Limited Liability Companies

ID Copies of the Director(s)
KRA Pin Certificate Copies of the Director(s)
Certificate of Incorporation
KRA Pin Certificate of the Company
Memorandum & Articles of Association
CR12
Copies of the security documents and Valuation Report
Certified Bank Statements for the last 12 months AND/OR M-Pesa Statements
Pro-Forma Invoice of the Stock to be financed.
Current Business License
Resolution to Borrow

For Sole Proprietorship or Individuals

ID Copies of the Person(s)
KRA Pin Certificate Copies of the Person(s)
Copies of the security documents and Valuation Report
Certified Bank Statements for the last 6 months AND/OR M-Pesa Statements
Pro-Forma Invoice of the Stock to be financed.
Certificate of Registration
Current Business License