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SME Banking
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Business Long Term Products is composed of following:
Financing for Working Capital
| Details of Product | Murabaha – Where transaction is done on a “cost plus profit” basis i.e. the seller discloses the cost to the buyer and adds a certain profit to it to arrive at the final selling price. Mainly used for Procurement of Raw Material; for meeting working capital needs of trade and industry |
| Targeted Sector | All Sector – There is requirement of procuring Raw Material |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | At spot, In installments or In lump sum after a certain time |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
| Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
| Designated Branches | All Branches (Designated branch list attached) |
| Details of Product | Import Murabaha – Settlement/Retirement of SLC (Funded facility) |
| Targeted Sector | All Sector |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | At spot, In installments or In lump sum after a certain time |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
| Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
| Designated Branches | All Branches (Designated branch list attached) |
| Details of Product | Spot Murabaha – Settlement/Retirement of SLC (Funded facility) |
| Targeted Sector | All Sector |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | At spot |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
| Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
| Designated Branches | All Branches (Designated branch list attached) |
| Details of Product | FIM Murabaha – Settlement/Retirement of SLC (Funded facility) |
| Targeted Sector | All Sector |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | Spot Rate |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
| Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
| Designated Branches | All Branches (Designated branch list attached) |
| Details of Product | Shares Murabaha- Financing for purchase of Shari’ah compliant shares extended to Stock Brokers & individuals where the transaction is done on “cost plus profit” basis. |
| Targeted Sector | All Sector |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | At spot, in Installments or in lump sum after a certain time |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral, Shares |
| Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
| Designated Branches | All Branches (Designated branch list attached) |
Financing for Working Capital – Finished Goods
| Details of Product | Wakala Istithmar – Post Manufacturing means Investment Agency whereby one party (principal) appoints another party as its agent, to invest the capital provided by the agent. |
| Targeted Sector | All Sector |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | Spot – Upon receipt of Sales Proceeds from the Ultimate Buyer(s) |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
| Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
| Designated Branches | All Branches (Designated branch list attached) |
| Details of Product | Tijarah cum Wakala- Based on sale (Musawamah) structure for commercial needs of the customer, where DIBPL purchases finished goods which are ready to sell to the buyers. |
| Targeted Sector | All Sector (Except Service Industry) |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | At Spot, in installments or in lump sum after certain time. |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
| Pricing | Varies from case to case |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
| Designated Branches | All Branches (Designated branch list attached) |
Financing for Working Capital – Manufacturing
| Details of Product | Wakala Istithmar – Pre Manufacturing means Investment Agency whereby one party (principal) appoints another party as its agent, to invest the capital provided by the agent. |
| Targeted Sector | All Sector |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | Spot – Upon receipt of Sales Proceeds from the Ultimate Buyer(s) |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
| Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
| Designated Branches | All Branches (Designated branch list attached) |
| Details of Product | Istisna Cum Wakala – Contract of sale of specified item. Working Capital requirement of customer can be fulfilled. Istisna’a is a contract of sale of specified items to be manufactured ISTISNA’(or constructed), with an obligation on the part of the manufacturer(or contractor) to deliver them to the Customer upon completion. |
| Targeted Sector | All Sector |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | Spot – Upon receipt of Sales Proceeds from the Ultimate Buyer(s)Upon sale of goods (either to 3rd Party or in Local Market) |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
| Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
| Designated Branches | All Branches (Designated branch list attached) |
| Details of Product | Salam cum Wakala- A sales contract meeting conditions of Salam for accommodating commercial needs of customers. The bank provides spot payment to customer for differed delivery of goods/ commodity. |
| Targeted Sector | All Sector (Except Service Industry & Traders) |
| Type of SMEs | All Business Concerns |
| Amount | No Limits (Varies from case to case), within SME approved criteria |
| Product Specification | Collateral based |
| Repayment Mode | At Spot, in installments or in lump sum after certain time |
| Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
| Pricing | Varies from case to case |
| Documents | Varies from case to case – Visit our nearest designated branch for facilitation |
| Designated Branches | All Branches (Designated branch list attached) |
Disclaimer
Facility approval is subject to terms and conditions based on Bank’s risk assessment of application.
