AL NOOR Household Investment Scheme

AL NOOR Household Investment Scheme (ANHIS) is a terminating financing facility under the Bai-Murabaha Principle for any Shariah compliant purpose. Under this facility, a commodity is sold for a deferred price which includes an agreed profit added to the cost. This financial facility is specially designed to meet the needs of our day to day life which is fully Shariah compliant.

Key Features:

• Financing for following purpose permitted under Islamic Shariah.
  1. Purchase of miscellaneous household appliances.
  2. Purchase of furniture.
  3. Purchase of House renovation items.
  4. Purchase of Personal Computers.
  5. Purchase of Interior Decoration items.
  6. Other legitimate purposes.
• Investment up to 15.00 Lac.
• Maximum Tenure up to 05 Years.
• Rent will be charged as per Reducing Balance Method.

Bankers’ Obligations/ Customers’ Obligations:

• This Investment cannot be taken for business purposes like working capital requirement and industrial machinery purchases, etc. But self employed professionals, who performs private practices can avail this investment to buy their office equipments, machines, and accessories related to their professions.
• Maximum debt equity ratio: 30:70 (Bank : Client) or Prescribed by Bangladesh Bank from time to time .
• Early Adjustment & Partial Adjustment is allowed any time without any types of Fee/Charges.
• 2% of the approved limit (Min. Tk. 2,000/-) No processing fee for ONE Bank employee. [As per schedule of charges from time to time].