Dubai Islamic Bank

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.

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