Shari’ah Commercial Asset Finance

The Shari’ah Commercial Asset Finance lets you take your business to the next level by offering finance for a range of new or used movable assets.

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Some of the benefits

Flexible terms

Structure your monthly repayments to suit your needs and cash flow.

Finance Rate

Choose between a flexible or fixed profit rate.

Lease to Own

Enjoy the freedom of owning your assets when your lease agreement expires.

What You Get

A Shari’ah Compliant finance solution that’s customised to the type of vehicle and asset you want
Repayment terms that suit the cash flow of your business
Negotiable deposits, subject to equity requirements
Variable or fixed profit rate
Available to Juristic entities outside of the National Credit Act (NCA)

What It Costs

Negotiable repayment terms
Negotiable Balloon payments

How To Get It

If you already have a Business Current Account, please speak to your Relationship Manager or Banker
If you don’t, please send us an email at [email protected]

How its’ Taxed

You can claim depreciation of business assets on your taxable income
For a Close Corporation and other business types, assets should be capitalised* and the liability reflected on the balance sheet

_{*In accordance with Generally Accepted Accounting Practice}

What we finance

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 harvester 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

What You Get
What It Costs
How To Get It
How its’ Taxed
What we finance

A Shari’ah Compliant finance solution that’s customised to the type of vehicle and asset you want
Repayment terms that suit the cash flow of your business
Negotiable deposits, subject to equity requirements
Variable or fixed profit rate
Available to Juristic entities outside of the National Credit Act (NCA)

Negotiable repayment terms
Negotiable Balloon payments

If you already have a Business Current Account, please speak to your Relationship Manager or Banker
If you don’t, please send us an email at [email protected]

You can claim depreciation of business assets on your taxable income
For a Close Corporation and other business types, assets should be capitalised* and the liability reflected on the balance sheet

_{*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 harvester 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

We also offer

Shari’ah Commercial Property Finance

Apply for cutting edge Shari’ah compliant commercial property finance today.

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Shari’ah Business Current Account

Advance your business and open a Shari’ah Business Current Account today. Get access to everyday banking such as transferring of funds, making of payments and managing debit orders. Explore your benefits and get value for your business.

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Shari’ah Business Call Deposit

Put surplus funds to work in this Shari’ah-compliant account that offers competitive rates and immediate access.