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SME Financing Products

SME_Adaptation SME_Adaptation SME_Adaptation

The company finances its clients through the Murabahah and leasing systems and Tawarq (Cash financing), its financing services cover the following products:

  • Cash Financing for Small and Medium Enterprises.
  • Contract Financing for Small and Medium Enterprises.
  • Most of Vehicle types and brands, whether new or used.
  • Large buses for companies and institutions working in the field of Hajj and Umrah.
  • Medical devices and equipment for hospitals and the health sector.
  • Home and electronic appliances.
  • Heavy equipment.

 Cash Financing for Small and Medium Enterprises

SME’s Cash Finance is a financing product (Islamic Tawaruq), with which SMEs customers can fulfill their financial needs by financing a desired amount of cash complying with the product’s terms and conditions

Contract Financing for Small and Medium Enterprises

Contract financing is a way for businesses to borrow money against the pending amounts due from the government contracts. Contract financing helps businesses improve cash flow, payroll and suppliers dues, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid their balances in full

 POS Finance

Merchant POS financing is a product that offers loan against card swipes for merchants based on the amount credited to their bank account via POS swipes. It helps lenders in the process of building financing decision based on the revenues SME`s are generating via POS receivables.

Documents required for enterprise and corporate financing:

Documnet Establishment Corporate
A request on the head letter of the Enterprise, showing interest to obtain financing, advising the number and type of products and attested by the Chamber of Commerce
Financial Report and Statements of Accounts for the most recent year
Valid commercial registration
Bank statement of the Enterprise for the last six months, printed on the bank's publications
A copy of the valid ID of the Owners of the Enterprise
Proof of the principal place of business (Municipality License)
Request for personal guarantee from the Owner The Owner The Owner
of the majority percentage
of ownership
VAT Registration Certificate
Articles of Association for Companies, if one of the Partners is a Company, a copy of the Commercial Registration and the Articles of Association are also required
A copy of the decision of appointing the General Manager in case it was stated in the Articles of Association that he is to be appointed by a decision from the Board of Directors
A copy of the GOSI Certificate
A copy of the Department of Zakat and Tax Certificate
Legal Entity Identifier
Copies of contracts and agreements concluded by the Enterprise (current and future) that relate to its activities, attested by the Branch and signed by the Branch Manager as being a True Copy. (Optional)
The funding grant policy is subject to evaluation by the Finance Sectors Department and the Credit Committee.
financ products

Apply for financing

Provide us some basic information. Our Customer Relations Officer(s) will contact you to provide you with further details and assist you in your financing needs.

Apply Now

An illustrative example:

Product Finance rate APR Admin Fees Min – Max administrative fees
Financing car through financial leasing From 8% to 11.5% From % to % 1% 0 To 5000
This table is an example. The annual percentage rate may vary according to the amount, maturity period and credit score of each client.