Manarah Auto Finance is a terminating financing facility based on Hire Purchase under Shirkatul Melk (HPSM) where both customer and the bank has joint ownership of the vehicle. As the customer pays monthly installment, the ownership of the bank decreases and that of the customer increases. Monthly installment includes both principal and rent to buy the proportionate bank’s ownership gradually over the financing period. This product is designed for those customers who want to buy a brand new or reconditioned unregistered personal vehicle under the Islamic Shariah.
Minimum BDT 3,00,000/-
Maximum BDT 40,00,000/-
Minimum 12 Months and Maximum 60 months
No Compound Calculation