CONTRACT FINANCING-i TIJARI

This scheme provides funds to finance the cost to complete contracts awarded by the government or established public listed companies.

Concept

Bai-Bithaman Ajil, Murabahah and Bai-Al’Inah

Eligibility

• All business entities such as private limited companies and cooperatives.

Margin and Quantum of Financing

• Financing up to 80% of the contract cost.

Tenure

• Maximum 6 months after the expiry date of the contract.

Additional Documents

1. Letter of award of the contract
2. Performance bond/bank guarantee/insurance of the contract
3. Cash flow and profit & loss projection of the contract
4. Work schedule of the contract
5. Procedure of contract payment

* Terms and conditions apply