Group Murabeha Agreement (GMA) Profile

Name

Group Murabeha Agreement (GMA)

Purpose

GMA is a Shariah-Financing which is used to support working capital for businesses with income generating activities

Target Businesses

All types of Regular-Income-Generating-Activities (RIGA) such grocery, mechanics, restaurants…etc. who have businesses or residence in the same location

Gender

Male and Female who have businesses

Location

Rural and Urban

Documents Required

eNID(eTazkira) and Business license/Municipality if any and purchasing documents (Bills)

Age

14-65 (Where 14-18 for light business and have ownership)

Group Members

2-4 (Either same residential areas or business’ locations)

Financing Amount in AFN & duration

10,000-100,000 for 6-24 months

Collateral (Title Deed and Guarantor)

Cross-guarantee (all members guarantee each other) while group leader has sole responsibility for repayment. Also each member of the group shall provide a family guarantor ( family member) Financial guarantor (Business), Family guarantor and Titel deed or Gold-Deposit-Guarantee

How to Apply

For more information please call our Customer Service Centre by dialing +93766505022 or visiting any of our branches.