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Amanah Vehicle Finance

Amanah Vehicle Finance

The Amanah Vehicle Financing through Murabaha is used when you need a Shariah compliant solution for buying your dream car.


Product Shariah Structure

Under the Murabaha structure, the Bank will purchase the car you want to buy from the seller and sell to you at deferred sale (which includes cost plus profit amount) to be payable in instalments. To comply with Shariah principles of Murabaha, the bank will buy the car from the seller first and then sell it to you at a mark-up. As per Shariah requirement, the break-up of cost of the product and profit will be disclosed to you.


Features

The Amanah Vehicle Financing through Murabaha is used when you need a Shariah compliant financing solution to buy a car.

  • Investment Amount:
    Maximum: BDT2,000,000
    Minimum: BDT100,000
  • Competitive profit rates
  • HSBC can finance a maximum of 30% of the cost price of the car that you want to buy, subject to a maximum of BDT 2 million.
  • Tenure: 5 years
  • Professional Experience:
    Salaried: Minimum 2 years
  • Self-Employed: Business establishment proof for minimum 2 years
  • Monthly Income:
    Salaried: BDT20,000
    Self-Employed: BDT50,000
  • Processing Fee: 1% of Finance Amount, Minimum BDT 1,000



Need to know more

Shariah supervision

Shariah supervision

A Global Shariah Advisory Board and regional Shariah committees consisting of independent Shariah scholars advise HSBC Amanah on matters related to Shariah.