Islamic Covered Drawings

A finance solution based on the Commodity Murabaha concept where the Bank grants you finance by entering into a Commodity Murabaha deal with you. Under this structure you will also open a Current Account and Short Term Investment Account. The finance amount will be deposited in your Short Investment Account and accordingly you will then be able to utilise the funds available in your Current Account.

For more details on the above solutions, contact your Relationship Manager or call us on 600549999 (available from 8:00 - 16:00 from Sunday to Thursday) or e-mail us at csu@noorbank.com