AMC  is proud to introduce a new product for its valued customers. In association with Your Bank it offers Ijara Wal-Iqtina (Leased to own), providing unprecedented return on your investment. Just open an account in your bank with Rs. 50,000 and apply for this profitable Islamic scheme where your share of Rs. 40,000 will be treated as equity, and see it transform into more than Rs. 315,000 in few years.

 Details;

Total Value of Ijara.= 200,000

Customer Equity=         40,000.

Bank Lease.                 160,000

 Details;

Net Monthly Income from Vehicle;

(Minimum assumption Rs.250/day)       Rs.7500/= 

Less lease Installments.             Rs.4150/= 

Net residual Income per month.            Rs.3350/=       

Or Rs.40, 200 per annum (3350 x12)          100.5 % of Rs.  40,000/= 

For New Customers of Islamic Bank.

Net Monthly Income from Vehicle;

(minimum assumption Rs.250/day)        Rs.7500.

Less lease Installments.             Rs.3457

Net residual Income per month.            Rs.4025          

Or Rs 48,300 (4025 x 12) per annum           121  % of Rs.40,000

(Indicative figures may vary from bank to bank depending on their mark up rate) 

Real Asset Management Company 

Customer needing assistance can contact RAMCO operating company who can manage the affairs by providing turnkey solution.The operating Company charges shall be 40% of the net saving or Rs.1340 or 1610 per month payable out of Residual Income. Under This arrangement The owner will share 40% from residual income with RAMCO to manage the affairs.

FAQ’s;

 Q. Why this scheme?

A. With High cost of inflation it is imperative that profitable schemes is offered to public, which is not only shariah compliant but also the need of the hour. This is a new product offered in conjunction with your bank to those who have limited or no other regular means of income and cannot sustain on very low income margins.

 Q. Can anyone apply for this scheme?

A. Yes, specially those who have limited source of income, this is a golden opportunity.

 Q. Explain in detail?

A. Wont you like to earn maximum profit on your investment, Definitely yes, specially if it is fully sharia compliant, fully secure and appreciative over the period of time. AMC  in association with your bank  offers this product for you to take advantage off.

 Q. What do I have to do?

A. First of all you have to open an account with Your Bank  for a minimum amount of Rs.50,000, and apply for their regular auto lease/ijara, on approval  this amount will be considered your equity and you shall be considered as a mudarib, the balance will be financed by Your Bank  as its share. After this you will be given a revenue earning vehicle earning you the aforementioned monthly returns. Taxes Registration insurance etc are exclusive. Your bank has the discretion to approve or disapprove your loan application.

 Q. What is the operator Company and what does it do?

A. You can operate the vehicle yourself or choose to appoint the operators who will operate the vehicle on your behalf, they will maintain it, pay the monthly bank charges and deliver your share at home to you. Their charges shall be 40% of the take and your margin of profit will then be 60% instead of 100%. Once the Ijara/lease payments are completed you get your vehicle back which you can sell, or retain for future income.