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.
Features
For further enquiries on any of our products and services kindly contact us on 07080635500, 07080635555 or email us:
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...
Jaiz Ijara Service Corporate
The Jaiz Ijara service is designed to augments the company’s working capital to pay for salaries, professional services, labor and travels. Under Ijara Service the bank...
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...
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...
