Shari’ah Overdraft
Boost your business’s working capital with our Shari’ah-compliant overdraft facility.
Personalised
Profit rate
Recurring
Months to pay
10.75%
The Islamic financing rate
SOME OF THE BENEFITS
Shari’ah-compliant
Access an overdraft that is approved and certified by the Shari’ah Advisory Committee
Quick access
Get quick access to additional funds for everyday business use
Customer support
Get help for your business from our experts whenever you need it
What you get
- The overdraft will be linked to your Shari’ah Business Current Account
- Get easy access to funds whenever you need them
See Shari’ah Overdraft T&Cs for a Natural Person
See Shari’ah Overdraft T&Cs for a Juristic Person
See General T&Cs
How it works
- The overdraft facility is structured based on the Shari’ah principal of Wakaalah bi al-Istithmar (Investment Agency)
- You need to have a Shari’ah Business Current Account to qualify
- The approved limit will be based on your needs and affordability
- Funds can be withdrawn directly from your Shari’ah Business Current Account
- Repayments can be made by directly depositing funds into your Shari’ah Business Current Account
- The limit will be reviewed annually and payable on demand
What it costs
- Monthly service fee
- Once-off initiation fee
- Personalised profit rate
How to get it
- Speak to your relationship manager or;
- Request a Call Me Back or;
- Email us at [email protected] or;
- Call us on 0860 109 075 or;
- Speak to a consultant at your nearest branch
-
What you get
-
How it works
-
What it costs
-
How to get it
- The overdraft will be linked to your Shari’ah Business Current Account
- Get easy access to funds whenever you need them
See Shari’ah Overdraft T&Cs for a Natural Person
See Shari’ah Overdraft T&Cs for a Juristic Person
See General T&Cs
- The overdraft facility is structured based on the Shari’ah principal of Wakaalah bi al-Istithmar (Investment Agency)
- You need to have a Shari’ah Business Current Account to qualify
- The approved limit will be based on your needs and affordability
- Funds can be withdrawn directly from your Shari’ah Business Current Account
- Repayments can be made by directly depositing funds into your Shari’ah Business Current Account
- The limit will be reviewed annually and payable on demand
- Monthly service fee
- Once-off initiation fee
- Personalised profit rate
- Speak to your relationship manager or;
- Request a Call Me Back or;
- Email us at [email protected] or;
- Call us on 0860 109 075 or;
- Speak to a consultant at your nearest branch
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