Shari’ah Commercial Asset Finance

• Repayment terms are negotiable
• Monthly repayments are made via debit order
• Balloon payments are negotiable

This Shari'ah compliant offering is only available to Juristic entities outside of NCA

If you already have a Business Current Account

• Speak to your Relationship Manager

If you don’t

• Or speak to us at your nearest branch
• Please send us an email at [email protected] or [email protected]

• You can claim depreciation of business assets on your taxable income
• For CCs and companies, assets should be capitalised* and the liability reflected on the balance sheet
• Recoupment tax applies to car allowance holders if the car’s sold for more than the tax value

*In accordance with Generally Accepted Accounting Practice
 

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 harvesters 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