Individual Murabeha Agreement (IMA)
Name and purpose of the product:
IMA 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.
Gender
Male and Female
Location
Rural and Urban
Purpose
IMA 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.
Target Businesses
All types of Regular Income-Generating Activities (RIGA) engaged in lawful (Halal) business operations, such as grocery shops, mechanical services, restaurants, and similar businesses, where the business premises and/or the owner’s residence are located within the same area.”
Documents Required
e-NID purchasing documents (Bills), and Business License for Financing over AFN 100,000
Age
18-65
Members
1 Client
Financing Currency
AFN
Financing Amount
5,000 to 500,000
Financing term
6 to 24 months
Service Charge/Profit
1.25% Flat/Month
Collateral (Title Deed and Guarantor)
A financial guarantor (business-related), a family guarantor, and either a title deed or a gold deposit accepted as collateral (Rah’n), in accordance with Shariah principles.”