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Commercial and Industrial Projects and
Deals
This service satisfies
companies and establishments needs and finances all kinds of commercial and
industrial goods from local or international markets. The later service is
performed via documentary credit. Settlement is conducted by monthly
installments or consecutive payments depending on clients' request.
Fields covered by this activity:
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Commercial cars' dealers.
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All kinds of factories.
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Constructional materials and
works
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Heavy equipments.
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Industrial equipments and
tools.
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Appliances, apparel and fabric
showrooms.
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Equipments and devices for
health clubs and institutes.
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Stationary and library
supplies.
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Medical tools and supplies for
clinics.
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Any other commodity for other
sectors in market. |
Transaction procedures:
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The client applies for submit
the credit facilities and fills in an application form by attaching all
financial details.
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Financial analysis will be
conducted acc to client's details.
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The request will be determined
by a credit committee.
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If request is approved The
business deal will take place depending to client's choice ( documentary credit
or local deals)
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After one year of offering the
facilities required, a re-evaluation process is conducted for future dealings. |
Required Documents:
Identification documents for companies and establishments
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Letter
specifying the facilities requested
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Articles
of association and its amendments.
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Trade
license
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Signature
authorization
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Rent
contract
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Civil
number |
Financial documents for companies and
establishments
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Last two
years audited balance sheet.
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Financial
position statement.
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Debit
statement (balances)
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Statement
of current account for the last 6 months
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Facilities offered by banks |
Service Benefits:
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Privacy and flexibility in
dealings.
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Offering local and
international Murabaha services (letter of Credit)
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Monthly installments up to 48
months and according to credit terms.
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Easy and immediate approval of
transaction.
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Flexible credit facilities to
guaranteed by salary transfer.
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Supporting and encouraging
small companies and establishments.
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Private sections for ladies. |
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