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Business

Construction Completion Financing

Construction Completion Financing Made Easy

Secure your business's success with construction completion financing tailored to your vision.
 

On

    Lease contract with a promise of gifting for purchase and leasing - fixed rent, approved by the Sharia authority.

    Financing Features

    No down payment required.

    Financing Features

    Financing period of up to 15 years.

    Financing Features

    Early repayment option.

    Financing Features

    Calculating any supplementary income (if applicable).

    Financing Features

    Available for commercial establishments only.

    Financing Features

    Exemption in case of death, partial, or total disability.

    Financing Features
    1. Calculate the desired amount.
      Begin the fast financing process by calculating the desired cash you need.
    2. Fill and submit the application form.
      Fill out and submit the application form, providing the necessary information to initiate the financing process quickly and efficiently.
    3. Wait for our representative to contact you.
      One of our representatives will be delighted to get in touch with you and finalize the financing details.
    4. Visit the branch and provide the necessary documents.
      Gather the essential documents, including identification, proof of income, and any other necessary paperwork, to facilitate a seamless and efficient financing process.
    Application Steps
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    For Companies:

    Required Documents

    Fill in the financing application form

    Required Documents

    A copy of the national identity.

    Required Documents

    A copy of the establishment's documents

    Required Documents

    Commercial register.

    Required Documents

    VAT registration certificate.

    Required Documents

    Zakat and income certificate.

    Required Documents

    Certificate of the General Organization for Social Insurance.

    Required Documents

    Chamber of Commerce participation.

    Required Documents

    Memorandum of Association (companies).

    Required Documents

    A documented bank account statement for the establishment for the last year.

    Required Documents

    A documented personal bank statement for the last year.

    Required Documents

    Audited financial statements for the last two years (for companies).

    Required Documents

    For the Property:

    Required Documents

    The property must be within the boundaries of the urban area

    Required Documents

    The minimum completion of construction work for the property is 25% of the buildings.

    Required Documents

    The land area shall not be less than 200 square metres.

    Required Documents

    The age of the property should not exceed 3 years from the start of construction.

    Required Documents

    The property must be free of any legal burdens or lawsuits (mortgage, heirs, etc.).

    Required Documents

    A copy of the owner's ID.

    Required Documents

    A copy of the real estate deed.

    Required Documents

    A copy of the building permit, engineering maps, and bill of quantities.

    Required Documents
    Start your Financing Process today!

    Frequently Asked Questions

    Frequently Asked Questions

    "Does the property have insurance coverage?" "Is there property insurance in place?"

    Yes, there is Sharia-compliant Takaful insurance that covers both the customer and the property, with exemptions in case of death or total disability, God forbid, and the transfer of the property directly to the heirs, according to the insurance coverage criteria.
    *Subject to terms and conditions.
     

    How does the company determine the property's value?

    The company assesses the property's value with the assistance of valuation companies that have been endorsed by the company.
     

    Do the required properties undergo an evaluation process?

    Yes.