SME Murabeha Agreement (SME-MA)
Name and purpose of the product:
SME-MA is a Shariah-compliant financing product specifically structured to support for Regular-IncomeGenerating-Activities ensuring all operations adhere to Islamic principles.
Gender
Male and Female
Location
Urban and Semi-Urban
Purpose
SME-MA is a Shariah Financing for Regular-Income-Generating-Activities
Target Businesses
All types of regular-income-generating activities, excluding seasonal activities (e.g., agriculture), that employ two or more employees, are registered with the government, and maintain proper business records
Documents Required
E-NID and Paper NID, business license or municipality registration, and relevant purchasing documents (bills or invoices) and financial information (if available) is required for financing.
Age
18-65
Members
Individual
Financing Currency
AFN
Financing Amount
500,001 to 1,500,000
Financing term
6 to 24 months
Profit Rate
The profit margin is 15% per year (1.25% per month) on a flat rate basis.
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.