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:

  • Financing tenure of up to three years.
  • Activity age 3 years or more.

Required Documents:

  • Official letter from customer explaining the purpose of the facility and how it will pay back.
  • Company Profile.
  • Completed and signed application.
  • Commercial Registration ( Main and Branches).
  • National identity of owners and partners.
  • VAT Certificate.
  • NETAKAT (Last Update).
  • Company article of association and partners decisions.
  • Zakat Certificate.
  • GOSI Certificate.
  • commercial activity license.
  • National Address.
  • Audited financial statements for the last three years.
  • Statement of account for the full year 2021(stamped by the bank).
  • Details of: Suppliers, Clients, Payables, Receivables, Inventory, Revenues, and Cash Flow for 2021.
  • Related contracts (operating, rents, property, contract details).
  • Company bank account (IBAN).
  • In some exceptional cases, there are additional requirements.

Calculated Examples:

*Minimum Annual Percentage Rate (APR) is per above table and may vary according to financing amount, period & Creditworthiness for each customer
Maximum financing Tenure 3 years
Monthly Installment  APR Tenure (Years) Financing Amount
91,658 9.99% 1% 1,000,000

Last update on 01-02-2024

* Terms and conditions apply.

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