Murabaha for Businesses

It helps SMEs own vehicles, selected goods, equipment’s, and other. through AlYusr in easy installments.

Most Notable sectors:

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’s & ID’s)
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
Murbaha	25% - 35%	1%	Min 1%

* Terms and conditions apply.