Shariah-Compliant Asset Financing for Your Business

IFIC Islamic Hire Purchase under Shirkatul Melk (HPSM) is a Shariah-compliant financing solution for Corporate and SME customers to acquire business assets through joint ownership, lease and gradual transfer of ownership.

Under HPSM, the Bank and the customer jointly acquire an eligible asset. The Bank’s ownership portion is leased to the customer, and ownership is gradually transferred to the customer upon payment of the Bank’s equity portion.

Financing Purposes

HPSM financing may be used for:

• Project financing
• Capital expenditure
• Machinery import
• Local machinery purchase
• Takeover of eligible machinery financing from other banks
• Commercial vehicles and transport
• Commercial real estate
• Commercial building construction

Key Benefits

• Shariah-compliant asset financing
• Supports purchase of business assets and machinery
• Joint ownership between the Bank and customer
• Gradual transfer of ownership to the customer
• Flexible repayment through monthly or quarterly installments
• Suitable for eligible Corporate and SME businesses

Financing Categories

HPSM – Commercial
For eligible commercial assets and business requirements.

HPSM – Industrial
For eligible industrial projects, machinery and equipment.

HPSM – Transport
For eligible vehicles and transport used for commercial purposes.

HPSM – Commercial Real Estate
For eligible commercial real estate financing.

HPSM – Commercial House Building
For eligible commercial building construction.

Repayment Options

• EMI – Equal Monthly Installment
• EQI – Equal Quarterly Installment

How It Works

The Bank and customer jointly purchase an eligible asset. The customer uses the Bank’s ownership portion against agreed rent and gradually purchases the Bank’s share until ownership is transferred to the customer, subject to the terms of the financing arrangement.

Know More

To know more, visit your nearest IFIC Bank Branch or Uposhakha, or call 16255 today.

Terms and conditions apply. Financing is subject to eligibility, credit assessment, Shariah requirements and IFIC Bank’s applicable policies.