Islamic Partnership Financing

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Contract The product "Islamic Partnership Financing" is presented in the form of an investment loan agreement, including an interest-free loan agreement and an option agreement for the right to share in the company's profits. This agreement was developed taking into account the Shariah requirements for the Musharak deal (an agreement of two persons on the merger of property, labor or liabilities for profit) and is based on the principle of the distribution of profits and losses.
Purpose of financing

Construction of commercial real estate, acquisition and / or repair of commercial real estate, purchase and modernization of equipment, vehicles, investments in other fixed assets;

Replenishment of working capital;
Loan amount up to 6 million rubles
Period of financing up to 4 years
Loan currency Rubles of the Russian Federation
Commission for the loan None
Grace period (postponement of principal and interest)

up to 12 months from the date of loan product:

  • not more than 3 months - with a financing of up to 12 months inclusive,
  • not more than 6 months - with a financing period of 13-24 months inclusive,
  • not more than 9 months - with a financing period of 25-36 months,
  • no more than 12 months - with a financing period of more than 36 months.
Security

A flexible approach to securing a loan. Virtually any property can serve as a security, owned by a potential mortgagor on the right of ownership. Possible types of collateral for obtaining a loan:

  • means of transport;
  • equipment;
  • commodity-material values;
  • real estate objects;
  • share of the enterprise;
  • bail of business owners;
  • Guarantees of Small Business Support Funds;
  • agricultural animals;
  • bank guarantees.
Insurance The collateral is subject to compulsory insurance.
Penalty for late payment of a loan to repay a loan or interest

Islamic Download sample

Loan granting procedure It is transferred to the enterprise account in the framework of a non-revolving credit line with a delivery limit established by the framework contract.
Loan repayment procedure According to the schedule, taking into account the client's business plan.

Note

The final terms of financing are set individually and depend on the financial state of the entrepreneur, its credit history, the period and amount of financing, as well as the collateral provided. Detailed information about products of the Fund's financing, terms and documents necessary for obtaining financing, you can get at the Fund's office.