Islamic Personal Financing
What is it?
Purchase of eligible portfolio of Islamic Personal Financing (“IPF”) granted to the Approved Seller’s customers.
- originated in connection with credit terms or deferred payment terms to a customer in accordance with the approved Shariah principles of the AS;
- fully disbursed and amortised;
- not exceed 1 month in arrears at the time of sale;
- has a remaining life which expires on or after the review date; and
- comply with other criteria as per Cagamas’ requirements