Solar System Financing
To finance solar systems for homes and businesses under Shariah-compliant Murabaha agreements, for both new and repeat customers
Top-up Financing (Repeat Applicants)
All SKM Islamic Financing for repeat customers with good payback history based on the criteria set in Operation Manual (maximum three payments due) will be Topped up. Topping-up Financing will be lighter & Shorter ONLY reconfirmation of Business Existence
Wakala Agreement (WA)
WA is Shariah-Financing that is funded by third party through SKM to the already identified customers (RIGA or SIGA business) by the funder while SKM act as a Wakil/Agent and administer the financing agreement under Shariah-Financing (all types of Sharia-Financing Products) between them.
Qard-al-Hasan (Hasana)
Emergency Situation (Consumption, Medical, Debt payments…etc). This financing is Free-of-Cost to the customers while SKM will cover its operating cost from donor (Individual or Organization) based standard cost for other financing products
Ijara Agreement (IA)
IJA a Shariah-Financing which is used to purchase assets (Car, Machine…etc) that generates income, and the asset is leased to the customer while the ownership remains with SKM until the Ijara amount and cost is completely repaid.
SME Murabeha Agreement (SME-MA)
SME-MA a Shariah-Financing which is used to support working capital for Small and Medium-Sized businesses with regular income-generating activities
Individual Salam Agreement (ISA)
Salam II is a Shariah Financing for agriculture activities in the form group that is used to provide financing for agriculture activities for SIGA ( Seasonal-Income-Generating-Activities) to a group of 2-4 members both male and female who have separate income-generating activities and cannot provide title deed and financial guarantor
Group Salam Agreement (GSA)
Salam is an Agricultural Shariah-Financing which is used to support seeding/fertilizer/support Agricultural activities that have (SIGA) Seasonal-Income-Generating-Activities such as cultivation, crops collection…etc
Individual Murabeha Agreement (IMA)
IMA is a Shariah-Financing which is used to support working capital for businesses with regular income-generating activities (RIGA)
Group Murabeha Agreement (GMA) Profile
GMA is Shariah Financing and is used to provide working capacity financing under “Cost-Plus” conditions to the group of 2-4 members both male and female who have separate income-generating activities and cannot provide title deed and financial guarantor