Al Masraf Offers lending solutions to support general business needs or growth objectives through our comprehensive selection of Corporate Lending products.
24/7 access to your account through Al Masraf Corporate Online Banking
Dedicated Relationship Manager to focus on your business needs
Reasonable and acceptable collateral requirements
Competitive rates and no hidden charges
Flexible Finance Tenure
Low Processing fee for due diligence and documentation
A documentary credit issued by Al Masraf Islamic Banking provides comfort and security to both the buyer and supplier by helping to mitigate the inherent risks of international trade Where the Bank is acting as “Applicant” as well as “Issuer” of the document. All documents pertaining to the Documentary Credit are issued in the Bank’s name.
A written undertaking was given by a bank to a seller (local/ foreign) at your request in making payment to the seller on your behalf at a determinable future date. Based on the Islamic concept of wakala; where it is an agency relationship and one party is appointed an agent on behalf of the other party.
Inward Bills for Collection is the handling of inward documents (domestic and foreign) received from the remitting Bank and/ or Seller for presentation to the buyer for payment and/ or acceptance of Bills of Exchange for payment at a future date.
Trade Settlement by Documentary Collections that helps to provide peace of mind to both importer and exporter by mitigating their trade risks
This product provides you the working capital to finance the purchase/ importation of goods, raw materials, machinery, etc for your business operations. Based on the Islamic concept of Murabaha, where it is known as mark-up sale financing, it is a contract entered between buyer (the Customer) and seller (Al Masraf), where the Bank will sell goods on deferred term to the buyer at an agreed selling price that comprises the Bank’s purchase price and profit margin. The Bank will pay the cost price of goods direct to the supplier and the customer will settle the Bank’s selling price on lump sum basis at an agreed date in the future.
Shipping Guarantee is an indemnity given by the customer, countersigned by the Bank, to a shipping company or its agent to allow the shipping company to release the merchandise to the consignee named in the Bill of Lading without the presentation of the original Bill of Lading. Similar to the bank guarantee, it is based on the Islamic concept of Kafalah where it is a contract of guarantee or surety given by one party to discharge the liability of a third party in the case of default.
Based on “Kafalah” concept; this is a facility whereby the Bank undertakes to pay the beneficiary the agreed sum, if the applicant fail or default in fulfillment of his obligations under the terms and conditions of the contract or agreement with the beneficiary. A guarantee is issued by Al Masraf Islamic Banking (the guarantor) on behalf of its customer (the applicant) in favor of a third party (the beneficiary), for fulfillment of specifically defined contractual and/or financial obligations of the applicant. If the obligations are not fulfilled by the applicant, the guarantor will pay up to a certain the claimed amount to the beneficiary on non-performance of the obligations by the applicant.