Business Financing

Overview

A Shariah Compliant Financing

A Shariah Compliant Financing to support existing or new business by purchasing the goods or assets required by customer from agreed suppliers and sell the same to customer on profit using Murabaha Contract.

Al Barakah Business Financing Products

A Shariah Compliant Financing for working capital (inventory) to supplement existing business by purchasing the goods required by customer from agreed suppliers and sell the same to customer on profit using Murabaha Contract.

Features

  • Underlying Contract is Murabaha.

  • Goods must be Shariah Compliant

  • Tenor: up to two years.

  • Offered to legally existing business.

  • Offered to individuals, sole proprietors, partnerships, trustees, companies etc

Benefits

  • Shariah Compliant Financing.

Requirements

  • Existence of registered business for not less than a year

  • Supportive cashflow

  • Adequate security coverage.

A Shariah Compliant Financing for acquiring assets/items to support existing or new business by purchasing the assets required by customer from agreed suppliers and sell the same to customer on profit using Murabaha Contract

Features

  • Underlying Contract is Murabaha.

  • Assets/items must be Shariah Compliant.

  • Finance of movable or immovable Asset/items.

  • Tenor: 

    • Up to seven (7) years for asset financing.

    • Up to 10 years for project financing

    • Up to 20 years for Mortgage

  • Grace Period: up to 36 months for project financing and up to 12 months for Asset Financing depending on eligibility.

  • Offered to legally existing business or new.

  • Offered to individuals, sole proprietors, partnerships, trustees, companies etc.

Benefits

  • Shariah Compliant Financing.

  • Opportunity to grow your asset

Requirements

  • Existence of registered business for not less than a year

  • Supportive cashflow

  • Adequate security coverage.

  • Customer may be required to place 20% of purchase cost as commitment fund.

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