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
