Ijarah for Businesses

It helps SMEs finance vehicles, selected goods, equipment&rsquos, and other. through AlYusr in easy installments.

Most Notable sectors:

  • Education.
  • Health.
  • Agriculture.
  • Manufacturing.
  • Service.
  • Communication and technology.
  • Arts and entertainment.
  • Car Leasing.
  • Catering and food
  • Transportation and storage.

General Conditions:

  • Finance period starts from one year as a minimum to five years as a maximum
  • Official letter from customer explaining the purpose of the facility and how it will pay back.

Required Documents:

  • Official letter from customer explaining the purpose of the facility and how it will pay back.
  • Completed and signed application
  • Authorization letter SIMAH report (all relevant CR&rsquos & ID&rsquos)
  • Completed and signed credit facilities Form
  • Copy of the record to be borrowed and the main record
  • Identity image of all partners
  • Copy of Value Added Certificate
  • Domains (not older than 1 month)
  • Audited financial statements for the last three years
  • Company's Memorandum of Association and Partner's Resolutions
  • Copy of Zakat Certificate
  • Copy of social insurance certificate
  • Certificate of classification of contractors (if any)
  • License certificate relating to the exercise of the activity
  • Licensing of the General Authority for Foreign Investment
  • List of vehicles owned by (Tam) for the contracting, car rental and the conductor sector
  • List of owned equipment (for the construction and industrial sectors)
  • List of existing and completed projects (for the construction sector)
  • Real Estate Pictures (Mortgage)
  • A statement of account for the last 6 months (Authorization to match bank statement)

Calculated Examples:

*The above table is for example only , and the annual percentage rate may vary according to the amount, maturity period and creditworthiness for each customer
Product  APR Administrative fees  Min or Max Adminstrative fees
Ijarah 25% - 35% 1%  Min 1%

Last update on 01-06-2022

* Terms and conditions apply.

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