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