AL NOOR Investment Scheme for Professionals

AL NOOR Scheme for Professionals (ANSP) is an Equal Monthly Installment (EMI) based Investment facility for professionals like Doctors, Accountants, Engineers, and Architects and other professionals involved in self-practice or consulting under the Islamic Shariah.

Key Features:

• Financing for buying items to support professional needs of the following professional,
  1. Doctors or Medical professionals.
  2. Engineers.
  3. Chartered Accountants.
  4. Architects
  5. IT professionals.
  6. Other self employed persons.
• Investment under Murabaha (Term)/HHPS Hire Purchase under Shirkatul Melk (HPSM) principle.
• Investment up to 20.00 Lac
• Maximum Tenure up to 05 Years
• Rent will be charged as per Reducing Balance Method.

Bankers’ Obligations/ Customers’ Obligations:

• For purchasing different professional equipments, tools, small machineries for installation at their chambers, clinics and/or hospitals to support the professional needs of the doctors or for any professional equipment for selective professionals or to renovate / decorate professional chambers.