Musharakah means a relationship
established under a contract by mutual consent of the parties for sharing of
profit and losses in the joint business.
It is an agreement under
which the Ghazanfar Bank Islamic Banking Window provides fund which is mixed
with the funds of the enterprise and others.
The profit is distributed
among the partners in pre-agreed ratios, while the loss is borne by every
partner strictly in proportion to their respective capital contribution.
Tenure:
One year (negotiable
considering the business nature).
Pricing:
Competitive and reasonable
pricing is offered.
Eligibility Criteria:
1. Meet the five Cs
requirement of Credit Department of the Bank.
2. Certified true copy of
Business License
3. Valid Tazkira/ Passport
copy of company owners guarantors.
4. Financial Statements
5. Company profile
6. Other related documents
Required Collateral:
1. The customer should provide immovable assets as
collateral. The value of collateral should be above 150% of financing facility.
2. Constructive charge on the stocks/raw
materials/tradable goods/equipment purchased for trading.
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