Financing request
Following the review of the file and approval of financing by the Bank, the client proceeds with the payment of a good faith deposit and signs the unilateral purchase commitment.
The Bank purchases the merchandise
BEA acts as the first buyer vis-à-vis the supplier. This purchase is formalized by a contract binding the Bank and the supplier.
The Bank resells the merchandise to the client
After acquiring the merchandise, the Bank resells it to the client through a Mourabaha contract.
Repayment of installments
Payment is made in installments, with a known and pre-agreed margin.