Islamic Finance

Brindavan Accounts has a qualified Islamic Finance Professional who holds diploma in Islamic Finance from Chartered Institute of Management Accountants, UK. (CIMA, UK).

Islamic Term Financing is based on the Syariah concept of Murabaha (cost plus sale). It involves the bank (at the request of customer) buying a commodity and then selling it back to the customer at cost plus mark-up which in turn will be paid back to the bank on a deferred payment basis

Commodities that have been approved for use by bank’s Syariah committee are eligible . Eg: Sunflower Oil, Detergents etc.

We work with banks that support Syariah compliant financing options across Far East and Middle east areas. Please contact us if you are a SME/Corporates and fall into the following category :

SMEs and corporate customers where incomes are not solely (100%) derived from:

  • Interest
  • Gambling/ gaming
  • Manufacture or trade of non-halal products
  • Conventional insurance
  • Entertainment activities not permitted by Syariah
  • Stock-broking or share trading in securities not permitted by Syariah

Benefits:

  • The certainty of a fixed selling price equivalent to a fixed rate financing of up to 10 years
  • Packages to SMEs offering effective floating rate with ceiling protection against market volatility
  • The available tenures are 3 years, 5 years, 7 years and 10 years
  • A wide range of commercial and industrial properties including offices, light industrial factories, shop houses, retail space and warehouses qualify for financing
  • If you are purchasing the property for your business operations, you can enjoy financing of up to 80% of the purchase price or market valuation, whichever is lower. For newly-purchased investment properties, the maximum financing quantum is 70%
  • All the above are subject to individual assessment and evaluation. The criteria given is only indicative and not binding. The benefits are more based on the individual companies financials and other criterion.

Looking to expand? Need new premises?

Please call us have and friendly chat on the options available in Islamic Finance at
Call us: +65-62856839 

Email Jayasri at Jay@brindavanaccounts.com