Ijarah means to give something on rent. Bank offers Ijarah facility to meet long term financing requirements of the customer. Bank at the specific request of the customer acquire the asset and after acquiring the asset in workable condition delivers the same to customer on rent for a fixed period. The rental may be fixed or variable linked with a well-defined bench mark. The facility is offered for a maximum period of 7 years. The facility is offered for finance: 

• Plant and machinery 
• Equipment 
• Vehicles 

The facility is offered to

• Corporate/ commercial 
• SME