Features

  • Shariah compliant product
  • Up to 36 months repayment period
  • Up to 80% financing
  • Ideal for all business enterprises, corporations, Non-profit and Government institutions
  • A grace period of 1-3 months
  • Financing in 3-7 business days
  • Dedicated relationship manager
  • Access to business development center

Requirements

  • Maintain an active account with Amal Bank
  • Meet Amal Banks’s business current account opening requirements
  • Last 12 months Business Account Statements (6 months is acceptable but not preferred)
  • Evidence of good financial position (last 3 years financial statements)
  • Sound Business plan/profile of the management and company
  • Acceptable collateral/guarantor and other guarantees as per the bank’s requirement
  • Legally registered company with Shariah-compliant core activities
  • Other requirements (as per financing requirements)