OUR LOAN FACILITIES
As part of our initiative to promote financial inclusion, we provide credit facilities to both individuals and businesses utilizing our Islamic Financing Models.
Our facilities boast Interest-Free terms and flexible payment plans which are typically disbursed on a monthly basis from the members' fixed deposits.
Our Small and Medium Enterprises financing is specifically designed to support viable halal businesses in order to enhance economic growth and development.
We employ three distinct Islamic financing models - Murabaha (Cost plus mark-up), Musharaka (Joint Partnership) and Mudarabah (Trust Partnership) - through our ethical investment funds.
NetNexus Murabaha Facility is a type of Islamic financing that involves adding a profit margin to the market price of an item. This allows for purchases without loans or interest payments, in line with Islamic principles.
Ijara wa Iqtna (Lease & Ownership)
NetNexus "Ijarah wa Iqtnah" facility is a service for obtaining assets through leasing and ownership. It simplifies the process of acquiring properties for individuals
Mudarabah (Profit & Loss Sharing)
NetNexus Mudarabah: Business agreement where we provide money, customer provides skills. Partnership with shared profits based on agreed ratio, only capital provider bears losses. Allows different resource people to start business together based on trust and understanding.
Musharaka (Joint Venture)
NetNexus Musharakah Facility is a financial partnership for co-owning a business or property, with shared profits and losses. It allows pooling of resources and promotes risk-sharing among partners.
Our overdraft product allows customers to avoid the inconvenience and embarrassment of declined transactions due to insufficient funds. With overdraft protection, we will cover the transaction at NO fee, rather than bouncing the transaction and incurring fees from both the bank and the merchant. This service is a great solution for customers who occasionally struggle to maintain a positive balance in their account. Contact us for more information on how to enroll in this service.