Corporate Financing
SMEs can own vehicles, selected goods, and equipment among others through AlYusr in easy installments.
Education
Health
Agriculture
Manufacturing
Service
Communication and Technology
Arts and Entertainment
Car Leasing
Catering and Food
Transportation and Storage
General Conditions
⦁ Company activity age 3 years or more.
⦁ Financing period of up to 3 years.
Required Documents
- Official letter from customer explaining the purpose for finance and payment mechanism.
- Company Profile.
- Completed and signed application.
- Commercial Registration (Main and Branches).
- National identity for owners and partners.
- VAT Certificate.
- NETAKAT (Last Update).
- Company article of association and partners decisions.
- Zakat Certificate.
- GOSI Certificate.
- Commercial activity license.
- National Address.
- Audited financial statements for the last three years.
- Company bank account (IBAN).
- In some exceptional cases, there are additional requirements.
Calculated Examples
The below table is for example only, and the annual percentage rate may vary according to the amount, maturity period and creditworthiness for each customer
| Product | APR | Administrative fees | Min or Max Adminstrative fees |
|---|---|---|---|
| Ijarah | 25% - 35% | 1% | Min 1% |
The below table is for example only, and the annual percentage rate may vary according to the amount, maturity period and creditworthiness for each customer
| Product | APR | Administrative fees | Min or Max Administrative fees |
|---|---|---|---|
| Murbaha | 25% - 35% | 1% | Min 1% |