Micro, small and medium enterprises finance

 

1.  Project finance up to EGP 2m

Product idea:

It is a future installment Murabaha program to finance all types of individual enterprises and companies. The program is based on the Murabaha system, where clients first submits a letter to obtain a good or commodities (machines, equipment, vehicles, etc). Afterward, the bank buys the specisfied good and resell it to the client with a profit margin agreed upon. The total value of sales will be distributed on a group of installments that the bank and client agree upon.

 

General conditions for granting Murabaha:

  • A competitive rate of return
  • A competitive rate of return
  • Minimum age of 21 years and maximum of 60 at the end of Murabaha
  • Maximum of Murabaha value is EGP 2m.
  • The maximum duration of Murabaha up to 5 years.
  • Murabaha to be repaid on monthly or quarterly installments


Small and Medium enterprises (SMEs ) Murabaha to be provided through four major segments:

  • More than EGP 50,000 to EGP 250,000.
  • More than EGP 250,000 to EGP 500,000.
  • More than EGP 500,000 to EGP 1m.
  • More than EGP 1m to EGP 2m.

Basic Documents Required:

  • The company's foundation contract, as well as amendments.
  • Valid National ID of both the customer and the guarantor
  • Profession practicing license.
  • Recent commercial register extract.
  • A copy of a valid tax card
  • Tax and insurance situation
  • One budget for the Murabaha from EGP 500,000 to EGP 1m, two budgets for the Murabaha from more than EGP 1m to EGP 2m.
  • Copy of the project's document of title or lease + recent electric bill

Additional benefits:

  1. In accordance with the provisions of Islamic law and under the supervision of the legitimate authority.
  2. The possibility of financing the working capital of companies, factories
  3. The possibility of obtaining a grace period of up to one year.

 

*All Terms and conditions apply

 

2.  Project finance up to EGP 20m

The project is financed with up to EGP 20m, this apply to all the individual enterprises, companies and all industrial and commercial activities and services. They are offered in the form of the following:

First, a multipurpose credit facility to finance all activities in the form of:

  • Letters of credit.
  • Letters of guarantee.
  • Murabaha to finance the current activity.

Second: Average and long-term Murabaha through the following programs:

  1. Murabaha product for financing schools, private institutes and universities.
  2. Murabaha product for financing medical equipment and devices for laboratories, private hospitals and medical centers.
  3. Murabaha product for financing of machines and equipment for factories.
  4. Murabaha product for financing means of transportation related to the profession.


Murabaha for financing schools, private institutes and universities up to EGP 20m  

Product idea:

Murabaha futures installments financing program :

  • Purchase (Buses / mini-buses)
  • Financing (Buildings / Construction / expansions / finishes)
  • Financing equipment of Classrooms/ Halls / laboratories (devices - Furniture - Other)

Product Specifications

  • Target groups: Schools, private institutes and universities
  • Facility type: Average or long-term—with a maximum of 5 years.
  • Limits of financing: Up to EGP 20m
  • Finance ratio:
    In the case of financing for buses / minibuses, classrooms / halls / laboratory equipment 80% max
    In the case of financing for buildings / construction / expansions / finishes 70% max

Basic Documents Required:

  • Corporate equity securities / or Charter of incorporation   
  • The last 3 years approved financial statement (net profit verification) and its annexes.
  • profession practice license from the competent authority
  • An exact copy of the commercial register (current) did not pass t 3 months.
  • An exact copy of the tax card (valid).
  • Copy of the national Id card (valid) of the board members, directors and partners.
  • expected cash flows + technical and financial study.
  • prices offer from suppliers in case of financing buses / mini buses, financing classrooms / laboratories equipment and facilities.
  • Tax and insurance position certificate.


*All Terms and conditions to apply

 

 

Murabaha for financing medical equipment and devices for laboratories, private hospitals and medical centers Up to EGP 20m

Product idea:

Murabaha program for financing medical equipment and devices for laboratories, hospitals, private radiology centers, and therapeutic centers.

Product Specifications

  • Target groups: Labs and radiology centers / Treatment centers / Private Hospitals/ Physical Therapy Centers.
  • Facility type: Average or long-term—up to a maximum of 5 years.
  • Limits of financing: Up to EGP 20m
  • Financing ratio:
    Domestic purchase with a maximum of 75%
    Purchasing from abroad with a maximum of 60%.

 

Basic Documents Required

  • Corporate equity securities / or Charter of incorporation   
  • Last 3 years approved financial statement (net profit verification ) and its annexe.
  • Profession practice license from the competent authority.
  • Copy of the commercial register (current) did not pass t 3 months.
  • Copy of the tax card (valid).
  • Copy of the national ID card (valid) of the board members, directors and partners.
  • Expected cash flows + technical and financial study.
  • Prices offer from suppliers in case of financing buses / mini buses, financing classrooms / laboratories equipment and facilities.
  • Tax and insurance position certificate.


*All Terms and conditions apply


 

Murabaha for financing machines and equipment to factories Up to EGP 20m

Product idea:

It is a future installment Murabaha program to finance the purchase of Machines and equipment of all types of factories and construction companies (general / specialized): -

  • Machines and equipment (new / used from abroad) for the factories.
  • Production lines (complete / partial) of the factories.
  • Substitution and /or Renewal (machines - equipment - production) of the factories.
  • The purchase of Machines and equipment for construction companies.

Product Specifications

  • Target groups: industrial / construction sector
  • Facility type: medium or long-term - up to a maximum of 5 years.
  • Limits of financing: Up to EGP 20m
  • Financing ratio:
    In case of financing the new machines:
    Domestic purchase with a maximum of 75% ratio.
    Purchasing from abroad with a maximum of 60% ratio.
    In case of used machines finance:
    60% max and the age of machines not to pass five years
Basic Documents Required
  • Corporate equity securities / or Charter of incorporation
  • Last 3 years approved financial statement (net profit verification) and its annexe
  • Profession practice license from the competent authority
  • Copy of the commercial register (current) did not pass t 3 months.
  • Copy of the tax card (valid).
  • Copy of the national ID card (valid) of the board members, directors and partners.
  • Expected cash flows + technical and financial study.
  • Prices offer from suppliers in case of financing buses / mini buses, financing classrooms / laboratories equipment and facilities.
  • Tax and insurance position certificate.


*All Terms and conditions apply


 

Murabaha for financing transport ions related to the activity Up to EGP 20m

 

Product idea:

It is a future installment Murabaha program to finance the purchase of (Vans private bus - tourist buses – micro-buses).

 

Product Specifications

  • Target groups: The industrial - Commercial - service and contracting sectors
  • Facility type: Average or long-term—up to a maximum of 5 years.
  • Limits of financing: Up to EGP 20m.
  • Financing ratio: 80% max.

Basic Documents Required

  • Corporate equity securities / or Charter of incorporation.
  • Last 3 years approved financial statement (net profit verification) and its annexe.
  • Profession practice license from the competent authority
  • Copy of the commercial register (current) did not pass t 3 months.
  • Copy of the tax card (valid).
  • Copy of the national Id card (valid) of the board members, directors and partners.
  • Expected cash flows + technical and financial study.
  • Prices offer from suppliers in case of financing buses / mini buses, financing classrooms / laboratories equipment and facilities.
  • Tax and insurance position certificate.

     
    *All Terms and conditions apply.