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STEP THREE: CATEGORIZATION HPSM investment proposals may be Categorizes as under the following way: 6. Hire Purchase under Shirkatul Milk Commercial Investment proposal for Commercial purpose(s) shall be termed as Hire Purchase under Shirkatul Milk Commercial (HPSM Commercial). 7. Hire Purchase under Shirkatul Milk Industrial Investment proposal for Industrial Land, Buildings, Machineries, Equipments, Transport etc. shall be called Hire Purchase under Shirkatul Milk Industrial (HPSM Industrial). 8. Hire Purchase under Shirkatul Milk AgricultureInvestment proposal for Agricultural Equipments, Machineries, Shallow Tube-Well, Deep Tube-Well, Tractor, Trailers, Transport etc. shall be turned as Hire Purchase under Shirkatul Milk Agriculture (HPSM Agriculture). 9. Hire Purchase under Shirkatul Milk Transport Proposal for Investment on TransportBus, Truck, Car, Taxi, Launch, Steamer, Cargo Vessel, Air Transport etc. shall be called Hire Purchase under Shirkatul Milk Transport HPSM Transport). 10. Hire Purchase under Shirkatul Milk Real EstateProposal for Investment on Land, Building, Market, Apartments, for use/rental shall be called Hire Purchase under Shirkatul Milk Real Estate (HPSM Real Estate). 11. Hire Purchase under Shirkatul Milk ………………. Schemes Investment proposal in the form of asset for use/rental under any scheme …………….. shall be turned as Hire Purchase under Shirkatul Milk ……………………. Scheme (HPSM Schemes). STEP FOUR : PROCESSING AND APPRAISAL 1. The branch shall examine Shariah Permissibility of the Goods and reject the proposal outright, if the goods are not permitted by Islamic Shariah. 2. The branch manager or concerned officer shall Check-up Credit Restriction Schedule of Bangladesh Bank and Current Investment Policy Guidelines of the Bank and reject proposal if it conflicts with the existing Credit Restrictions of Bangladesh Bank and Policy Guidelines. 3. Concerned officials of branch will visit the Business establishment of the client, Tally the Particulars, Information and Figures in the Application Form with the original Documents/ Papers and shall be sanguine about its genuineness and correctness. They shall also obtain additional information, particulars, facts and figures, if required. 4. They would have talk to the business and important personalities of the locality to ascertain the honesty, integrity and business dealings of the client.

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