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A financing arrangement for IFB customers for the purpose of financing current assets and aims at securing adequate liquidity position of the business entity.

Product Features
  • The customer should be engaged in Shari’ah compliant business [Halal Business]
  • Meet business’s working capital and immediate financial shortage
  • Offered for the maximum tenure of three 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.
Eligibility Requirements
  • Maturity: 3 years
  • 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 Financing 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