Bai-Muajjal Financing - Biswas Finance
Core Principles

Why Choose BAIM

Discover the unique benefits of our Shariah compliant Bai-Muajjal financing solution.

Shariah Compliant

Fully compliant with Islamic finance principles approved by Shariah board.

Deferred Payment

Buy now and pay later in easy installments without any interest burden.

Transparent Pricing

Fixed profit margin disclosed upfront with no hidden charges ever.

Asset Backed

Every transaction is backed by a real tangible asset for security.

Applications

What You Can Finance

BAIM financing supports a wide range of asset purchases for individuals and businesses.

Vehicle Purchase

Acquire personal or commercial vehicles through Shariah compliant BAIM mode.

Machinery & Equipment

Finance industrial machinery and business equipment with deferred payment.

Raw Materials

Procure raw materials for manufacturing and trading businesses.

Household Goods

Purchase furniture, appliances and home essentials on flexible terms.

Electronics & IT

Acquire computers, electronics and IT infrastructure for your needs.

Commercial Goods

Finance trading goods and commercial inventory for business growth.

How It Works

The BAIM Process

A simple four step Shariah compliant financing journey from application to disbursement.

01
Submit Request

Apply for BAIM financing with details of goods you wish to purchase.

02
Bank Purchases

Biswas Finance buys the asset from supplier on cash basis directly.

03
Sale to Client

Asset is sold to you at cost plus agreed profit margin transparently.

04
Deferred Payment

Pay the total amount in easy monthly installments over agreed tenure.

Key Advantages

Benefits at a Glance

Everything you gain when you choose Biswas Finance BAIM solution.

No Interest (Riba Free)
Fixed Profit Margin
Quick Disbursement
Flexible Tenure Options
Minimal Documentation
Dedicated Support
Early Settlement Allowed
No Hidden Charges
Documentation

Documents Required

Keep these documents ready for a smooth and fast BAIM application process.

Identity Proof

  • National ID Card copy
  • Passport size photographs
  • TIN Certificate

Financial Documents

  • Last 6 months bank statement
  • Income proof or salary slip
  • Trade license (for business)

Asset Documents

  • Pro-forma invoice of goods
  • Supplier details and quotation
  • Purchase agreement copy
Common Queries

Frequently Asked Questions

Clear answers to help you understand Bai-Muajjal financing better.

What is Bai-Muajjal (BAIM) financing?
Bai-Muajjal is an Islamic mode of finance where the bank purchases goods on behalf of the client and sells them at a marked up price payable in deferred installments.
Is BAIM financing interest free?
Yes, BAIM is completely Riba (interest) free. Instead of interest, the bank earns a pre-agreed profit margin on the sale of the asset.
What is the maximum tenure for BAIM?
The repayment tenure typically ranges from 6 months to 5 years depending on the asset type and amount financed.
Can I settle my BAIM contract early?
Yes, early settlement is allowed and we may offer rebates on the unpaid profit portion as per Shariah principles.