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A financing arrangement for IFB customers for the purpose of acquiring moveable and immovable properties aimed at supporting the investment needs of customers, which is offered with different modalities

Product Features
  • The customer should be engaged in Shari’ah compliant business [Halal Business]
  • Meet business’s needs for acquiring moveable properties
  • Offered for the maximum tenure of five years or less
  • Depending on the nature of the business and its cash flow pattern, the repayment can be in monthly, quarterly, semiannually or at lump sum.
  • Regular repayment amount should include principal and profit mark-up.
  • Maturity: up to 5 years
Eligibility Requirements
  • Recent business registration documents, renewed business/investment licenses, TIN certificates, recent tax clearances; at least three preceding fiscal years’ financial statements and recent financial statement not-older than three months.
  • Present acceptable and adequate collateral that sufficiently covers the credit requested.
  • Healthy credit relationship with other banks
  • Financing requests for Birr 5.0 million and above should be backed by audited financial statements
  • For more, refer the IFB Investment and Financing Procedure Manual
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