Shari’ah Commercial Asset Finance
The Shari’ah Commercial Asset Finance lets you take your business to the next level by offering finance for a range of new or used movable assets.
Some of the benefits
Fund large volumes of assets
Easily cover the cost of new vehicle stock with a cash flow solution designed to ensure you can fund large volumes
Manage your assets and limits
Have the autonomy to manage your limits and costs through our innovative self-service system
Revolving finance facility
Seamlessly fund a new transaction once an asset is fully settled
Specialised rental solutions
Access specialised solutions like FleetSaver and Commercial FleetSaver designed to meet your business’ unique needs
What You Get
- A Shari’ah Compliant finance solution that’s customised to the type of vehicle and asset you want
- Repayment terms that suit the cash flow of your business
- Negotiable deposits, subject to equity requirements
- Variable or fixed profit rate
- Available to Juristic entities outside of the National Credit Act (NCA)
What It Costs
- Negotiable repayment terms
- Negotiable Balloon payments
How To Get It
- If you already have a Business Current Account, please speak to your Relationship Manager or Banker
- If you don’t, please send us an email at [email protected]
How its’ Taxed
- You can claim depreciation of business assets on your taxable income
- For a Close Corporation and other business types, assets should be capitalised* and the liability reflected on the balance sheet
What we finance
- Passenger and commercial vehicles, and those which may be of a specialised nature
- Capital equipment – tractors, forklifts, bulldozers, machine tools and office equipment
- Mining and construction equipment – earthmoving equipment, cranes, forklifts, telescopic handlers, crushing and screening equipment, small and large mobile opencast mining and quarrying equipment and a full range of underground mining equipment
- Agricultural equipment – tractors, combine harvester and various other harvesting, tilling or planting attachments, as well as production lines and machinery for manufacturing of feeds and various other farming applications like dairies and chicken farming and not excluding wine farming
- Medical and Technology equipment – assets and equipment in the medical, printing, and information technology sectors
- Solar Equipment
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What You Get
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What It Costs
-
How To Get It
-
How its’ Taxed
-
What we finance
- A Shari’ah Compliant finance solution that’s customised to the type of vehicle and asset you want
- Repayment terms that suit the cash flow of your business
- Negotiable deposits, subject to equity requirements
- Variable or fixed profit rate
- Available to Juristic entities outside of the National Credit Act (NCA)
- Negotiable repayment terms
- Negotiable Balloon payments
- If you already have a Business Current Account, please speak to your Relationship Manager or Banker
- If you don’t, please send us an email at [email protected]
- You can claim depreciation of business assets on your taxable income
- For a Close Corporation and other business types, assets should be capitalised* and the liability reflected on the balance sheet
- Passenger and commercial vehicles, and those which may be of a specialised nature
- Capital equipment – tractors, forklifts, bulldozers, machine tools and office equipment
- Mining and construction equipment – earthmoving equipment, cranes, forklifts, telescopic handlers, crushing and screening equipment, small and large mobile opencast mining and quarrying equipment and a full range of underground mining equipment
- Agricultural equipment – tractors, combine harvester and various other harvesting, tilling or planting attachments, as well as production lines and machinery for manufacturing of feeds and various other farming applications like dairies and chicken farming and not excluding wine farming
- Medical and Technology equipment – assets and equipment in the medical, printing, and information technology sectors
- Solar Equipment
We also offer
Shari’ah Commercial Property Finance
Apply for cutting edge Shari’ah compliant commercial property finance today.
Shari’ah Business Current Account
Advance your business and open a Shari’ah Business Current Account today. Get access to everyday banking such as transferring of funds, making of payments and managing debit orders. Explore your benefits and get value for your business.
Shari’ah Business Call Deposit
Put surplus funds to work in this Shari’ah-compliant account that offers competitive rates and immediate access.
SHARI’AH BANKING COMPLIANCE CERTIFICATES
Download a pdf of our compliance certificates
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