BBA or Bay' Bithaman Ajil is defined as "deferred payment sale". BBA involves the sale and purchase transactions of an asset between the bank and the customer. Under this concept, the customers may defer the payment of the total sale price of the asset which could be in the form of a property in installments to the bank over an agreed period of time.
BBA Term Financing-i Features:
- Can be used for purchase of assets such as landed properties, plants and machineries, shares, etc.
- Flexible option of fixed rate or variable rate financing.
- Granted under the principle of AI-Bai' Bithaman Ajil (BBA) i.e. Deferred Payment Sale.
- The Bank purchases the asset concerned and sells it to the customer at an agreed sale price. Payment of the selling price can be paid by installments over an agreed period.
- Refinancing of assets.
- Business working capital
Who Can Apply
- Joint account holders.
Want to know more? Contact your nearest Maybank Branch or call our Maybank Group Customer Care at 1-300-88-6688 now.
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