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PRODUCT DISCLOSURE SHEET (PDS)CURRENT Account (TAWARRUQ) Date :___ [The date is to be filled in by Sales Personnel]1. Read this Product Disclosure Sheet before you decide to take the Current Account
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How to fill out revolving credit-i - product
How to fill out revolving credit-i - product
01
Contact the financial institution that offers the revolving credit-i product.
02
Obtain the necessary application form for the revolving credit-i product.
03
Fill out the application form with accurate personal and financial information.
04
Provide any required documentation to support your application, such as proof of income or identification.
05
Submit the completed application form and documentation to the financial institution for processing.
06
Wait for approval and review the terms and conditions of the revolving credit-i product.
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Once approved, start using the revolving credit-i product responsibly by making timely repayments.
Who needs revolving credit-i - product?
01
Individuals who require access to a line of credit for short-term financing needs.
02
Those who prefer the flexibility of borrowing and repaying funds as needed.
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Business owners who need working capital to manage cash flow fluctuations.
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Customers looking for a Shariah-compliant financing solution.
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What is revolving credit-i - product?
Revolving credit-i - product is a type of financing that allows the borrower to repeatedly borrow up to a certain limit and pay back the borrowed amount over time.
Who is required to file revolving credit-i - product?
Individuals or businesses who have been approved for a revolving credit-i - product are required to file it.
How to fill out revolving credit-i - product?
To fill out a revolving credit-i - product, one must provide information about the amount borrowed, interest rate, payment terms, and any other relevant details.
What is the purpose of revolving credit-i - product?
The purpose of revolving credit-i - product is to provide borrowers with financial flexibility and liquidity to meet their needs.
What information must be reported on revolving credit-i - product?
Information such as the amount borrowed, interest rate, payment history, and outstanding balance must be reported on revolving credit-i - product.
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