Financing request
Following the review of the file and the Bank's approval of financing, the Client proceeds with the payment of the good faith deposit and signs the unilateral purchase commitment.
The Bank purchases the car
Acquisition of the car and transfer of ownership to the Bank.
The Bank resells the car to you
Signing of the Mourabaha Automobile sales contract and transfer of ownership to the Client.
Repayment of installments
Payment of fixed installments over a pre-agreed period.