Article 67
| No: MSHT/82 | Date(g): 10/12/2019 | Date(h): 13/4/1441 |
Effective from 2019-12-10 - Dec 09 2019
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The Consumer Microfinance Company must use the declining balance method in distributing the term cost on the maturity period, whereas the term cost is distributed proportionally between installments on the basis of the balance value of the remaining amount of finance at the beginning of the installment maturity period, and including it in the finance agreement.