Bonds and Guarantee

The product is tailored to customers that are contractors of Government and Major companies that require guarantees such as (Advance Payment Guarantee, Performance Bond, Bid Bond etc )  the surety is provided under the concept of Kafalah/Wakala, whereby the bank agrees to guarantee  the liability of the applicant.

Features

  • Contract for which the Guarantee is being given must be legitimate.
  • Flexible Collateral

Benefits

  • Allow the customer to bid for more contracts
  • Quick and fast processing
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