BisB facilitates the path of acquiring a Sharia’a compliant finance to possess the car that you desire. Whether a new or a used vehicle, BisB’s flexible Auto Finance helps you stay in the lead.
What are the features of BisB's Auto Finance?
- Maximum Tenor: 7 Years (Employed).
5 Years (Self-Employed).
- Maximum Finance Amount: BD50,000
- Salary Transfer: Mandatory
- Processing Fees: BD100.
What can I use BisB Auto Finance for?
BisB's Auto Finance can be used to facilitate new or used vehicles.
What is the Islamic structure of the product?
Murabaha, which is an Islamic financing instrument where the bank purchases the vehicle after obtaining ownership of the vehicle, it is sold to the end user on a monthly installment basis. The selling price will be the total cost of the vehicle plus a profit margin that is declared to the customer by the Bank.