Group Murabeha Agreement (GMA) Profile
Name and purpose of the product:
GMA is a Shariah-compliant financing product designed to support the working capital needs of businesses engaged in lawful (Halal) income-generating activities, in accordance with approved Islamic financing contracts and Shariah principles.
Purpose
GMA is a Shariah-compliant financing facility designed to provide working capital support to businesses engaged in lawful (Halal) income-generating activities, in accordance with approved Islamic financing contracts and Shariah principles.
Target Businesses
This financing targets all types of Regular Income-Generating Activities (RIGA) engaged in lawful (Halal) business operations, including grocery shops, mechanical workshops, restaurants, and similar enterprises, where the business premises and the owner’s residence are located within the same locality
Documents Required
A valid e-NID, business license or municipality registration where applicable, and relevant purchasing documents (bills or invoices), in accordance with the approved Shariah-compliant financing structure
Age
18-65
Members
2-4 (Either same residential areas or business’ locations)
Age
18-65
Financing Currency
AFN
Financing Amount
5,000 to 100,000
Financing term
6 to 24 months
Collateral (Title Deed and Guarantor)
The financing is secured through a Shariah-compliant mutual guarantee (cross-guarantee) arrangement, whereby all group members are jointly and severally liable for the obligations of one another. In addition, each member shall provide a family guarantor and a gold deposit as collateral (Rah’n), in accordance with Shariah principles.