Whether you want to renovate your home, plan your vacation, complete your
children's education or whatever your finance target may be, NCB Finance meets
and achieves all of your aspirations.
One of the most important advantages of Personal Finance through local shares
is the customer’s access to cash within 15 minutes of sending sell/buy request,
then selling them immediately or transferring them to the customer’s trading
portfolio. All buy, sell and transfer operations are carried out by a simple
push of a button, which gives instruction to the stock-trading system to trade
the shares in the market at their direct price. This enables the customer to
complete the purchase, sale and transfer operations while at the bank
Why local stocks in particular?
It is a Shariah compliant financing formula, based on selling local
stocks, where the bank buys and owns the stocks and afterward sells them to the
customer on credit at the cost price plus the agreed profit margin. The
customer shall have the right to dispose those shares by reselling them and
getting the fund or retaining them in his portfolio.
The main features of the product
- Shariah compliant
- Paperwork completed within 15 minutes
- Immediate cash deposit to the customer’s account (in case of sale)