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CORPORATE BANKING

We have designed different corporate banking products to suit you.

Jaiz Wakala Investment

This product is tailored to corporate and high net worth individuals (HNI) that need high returns with commensurate risk on their investment. Under Wakalah, the Bank will collect deposits from its customers and invest in a specific business venture to be agreed with the customer. The Bank however acts as an agent to invest the depositor’s funds in an ethical manner. The Bank will indicate the expected profit rate to the customer over the agreed period for the investment.

Working Capital Financing (Murabaha)

This is a convenient way of financing working capital requirement of businesses. This product is used to finance purchase of inventory or raw material for our customers locally. The Bank appoints the customer as its agent to source for the goods the customer wishes to buy, negotiate price, quality and quantity, and communicate the outcome of the negotiation to the Bank via presentation of a proforma invoice to the Bank. The Bank will then purchase the goods by making payment to the supplier, while the agent takes delivery of the goods. Payment of cost plus profit is made to the Bank by customer at the agreed future date.

Project Financing/Construction (Istisna')

Under this contract, the Customer will request and the Bank will agree to construct and to sell the project to be constructed at the Bank's selling price (cost plus profit margin) on deferred payment terms and thereafter the Bank will request another party (contractor) to construct the project. The payment of the Bank's selling price may be paid in full or by way of progressive payment as the case may be. Upon completion, the contractor will handover the project to the Bank or the Bank will authorize the contractor to deliver the project directly to customer.

Lease to Own (IjarawaIqtina Corporate) Finance

This is a banking facility based on the contract of IjarahwaIqtina which allows you to hire and subsequently purchase assets from the Bank. It is a form of rental for usage of equipment at a fixed agreed amount during the financing tenure.

Jaiz Ijara Service Corporate

The Jaiz Ijara service is designed to augment companies' working capital to pay for salaries, professional services, labor and travels. Under the Ijara Service the Bank will purchase/lease the asset from the service provider and enter into lease agreement with the customer in consideration (Lease Rental).

Equity-based Finance (Musharaka)

Musharaka is a mode of financing in the form of a partnership between the bank and its client whereby each party contributes to the capital of the partnership in equal or varying degrees either to establish a new project or share in an existing project.

Bonds and Guarantee (Wakala/Kafala)

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. 

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