EBL Islamic Banking has developed Continuous Musharaka Finance (CMF) product to meet overhead cost and other financing needs of the customers. EBL is the first Bank in Bangladesh who introduced such kind of product complying Shariah.

In Short

• This is a Product under the Shariah contract of Shirkat.
• A short-term financing facility but continuous in nature
• One year on revolving basis
• Quarterly Provisional Income will be realized from the Customer.
• Yearly adjustment will be made after finalization of accounts at the end of the year.
• Working capital finance in the form of cash can be provided to Industry, trading and service sector complying Shariah rules.

Salient Features

• This is a mode of finance used for working capital facility including overhead expenses
• The exact ownership of both the bank and Client must be recognized.
• Since the account is continuous in nature, regular debit and credit will be happened.
• Before each disbursement the customer has to submit an application for disbursement stating purpose of the use of the fund.
• Customers have to pay quarterly accrued income which will be adjusted after finalization of accounts at the end of the year.