Ijara Agreement (IA)
Name and purpose of the product:
A Shariah-compliant financing used to purchase income-generating assets (e.g., car, machine). The asset is leased to the customer, while ownership remains with SKM until the Ijara amount and cost are fully repaid.
Gender
Male and Female
Location
Rural and Urban
Purpose
A Shariah-compliant financing used to purchase income-generating assets (e.g., car, machine). The asset is leased to the customer, while ownership remains with SKM until the Ijara amount and cost are fully repaid.
Target Businesses
All types of assets that is used for Business with RIGA (Regular-Income-Generating-Activities) or SIGA (Seasonal-Income-Generating-Activities)
Documents Required
A Valid e-NID purchasing documents (Bills), and Business License for Financing over AFN 100,000 and Ownership document of the asset under leasing/Ijara
Age
18-65
Members
1 Person
Financing Currency
AFN
Financing Amount
5,000 to 100,000
Financing term
6 to 24 months
Service Charge/Profit
1.25% Flat/Month
Collateral (Title Deed and Guarantor)
Financial guarantor (Business), Family guarantor and Titel deed and Asset Ownership Document OR Gold-Deposit-Guarantee