CRAFTS AND INDUSTRIAL SECTOR
Industrial/Craft Products
1- Small Industries | ||||||||||
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The Idea | The product includes all industrial sector projects represented in small and medium industries and manufacturing industries, including (air conditioners, food drying, maintenance workshops, furniture industry, wood industries, waste recycling, workshops, block industry and cement products … etc.) | |||||||||
The Description | Capital financing and operating financing. | |||||||||
Sector | industrial | |||||||||
Target Segment | Artisans, owners of manufacturing industries, experienced and specialists. | |||||||||
Financing Formula | Murabaha: for operational financing Contracting: capital financing Any suitable Islamic form | |||||||||
Financing Period | 24 months max. | |||||||||
The Grace Period | A month as a maximum/depending on the nature of the project. | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | Existence of a site to conduct the activity (owned – rented – hosted) possession
The presence of a commercial license certificate to practice the activity. | |||||||||
Target States | all states of Sudan | |||||||||
Financing Methodology | iindividual/group | |||||||||
Warranties | In the case of individual/partnership/group financing: guarantor check, compulsory project insurance, salary, pension, mortgage, etc.
In the case of associations: external guarantee checks from the three officers + a third party guarantee check + insurance + a check from the association’s account. | |||||||||
2- The Craftsman | ||||||||||
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The Idea | The product includes all craft sector projects represented in small and medium industries and manufacturing industries including carpentry, blacksmithing, turning, car mechanics, plumbing and electricity … etc.). | |||||||||
The Description | Capital financing and operating financing. | |||||||||
Sector | Craftsman | |||||||||
Target Segment | For craftsmen and owners of manufacturing industries | |||||||||
Financing Formula | Murabaha: for operational financing Contracting: capital financing Any suitable Islamic form | |||||||||
Financing Period | 24 months max | |||||||||
The Grace Period | month max | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | Existence of a site for practicing the activity (owned / rented / possessed / hosted).
The presence of a commercial license and a certificate to practice the activity. | |||||||||
Target States | all states of Sudan | |||||||||
Financing Methodology | individual/group | |||||||||
Warranties | In the case of individual/partnership/group financing: guarantor check, compulsory project insurance, salary, pension, mortgage, etc.
In the case of associations: external guarantee checks from the three officers + a third party guarantee check + insurance + a check from the association’s account. | |||||||||
