SERVICES PROVIDING SECTOR
The Service
1- Transport | ||||||||||
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The Idea | The product includes all transportation sector projects represented in (ownership of tactics and motors) and maintenance of transportation vehicles | |||||||||
The Description | Financing the purchase of the product and maintenance services, and it is preferable that the movables be within the value chain projects, if possible. | |||||||||
Sector | Service | |||||||||
Target Segment | All segments of society wishing to own assets or activate their assets | |||||||||
Financing Formula | Murabaha: for maintenance projects Ijarah ended with ownership: for movables Any suitable Islamic formula | |||||||||
Financing Period | A maximum of 24 months (according to the project’s cash flow). | |||||||||
The Grace Period | A maximum of one month only | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | The presence of an import / search certificate for the vehicle
In the event that the applicant does not own the vehicle, a power of attorney must be obtained from the vehicle owner.
In the case of partnership financing there must be a kinship or common interest. | |||||||||
Presenter | Deposit at least 25% as an advance of the product value in the case of movable financing | |||||||||
Target States | all states of Sudan | |||||||||
Financing Methodology | individual/group | |||||||||
Warranties | Internal checks for the customer for installments, compulsory project insurance, guarantor check, salary transfer, mortgage, etc.
Security checks from the three officers in the case of crowdfunding + a third party guarantee check + insurance. In the case of associations, a check must be presented from the association’s account. | |||||||||
2- Service Centers | ||||||||||
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The Idea | The product includes all projects of various service centers ( salons and beauty centers, laundry and car services, pharmacies, clinics, medical laboratories, kindergartens and schools, health centers, gas distribution, veterinary centers, law firms, computer service centers, training centers, events and restaurants. ..etc). | |||||||||
The Description | Capital financing and operating financing | |||||||||
Sector | Service | |||||||||
Target Segment | All service providers | |||||||||
Financing Formula | Murabaha or any suitable Islamic formula | |||||||||
Financing Period | 6 – 24 months | |||||||||
The Grace Period | There is no grace period | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | Existence of a site to practice the activity (owned / rented / possessed / hosted)
The existence of a license or certificate to practice the activity according to the nature of the project.
In the case of gas financing, a power of attorney from the company must be brought, in addition to certification from the Civil Defense. | |||||||||
Presenter | Deposit at least 25% as an advance of the product value in the case of movable financing | |||||||||
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. | |||||||||
3-Improve the Shelter | ||||||||||
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The Idea | The idea is to maintain and improve the house for the purposes of housing or rent. | |||||||||
The Description | Capital financing and operating financing | |||||||||
Sector | Service | |||||||||
Target Segment | All segments of society | |||||||||
Financing Formula | Murabaha: operating financing (raw materials). Contracting: capital financing (construction operations) | |||||||||
Financing Period | 24 months max | |||||||||
The Grace Period | One month max | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | Ownership certificate/lease contract attached to a power of attorney from the property owner authenticated by a legal authority in the case of building materials financing. | |||||||||
Presenter | Deposit at least 25% as an advance of the product value in the case of movable financing | |||||||||
Target States | all states of Sudan | |||||||||
Financing Methodology | Sole Proprietorship (first-degree kinship) | |||||||||
Warranties | Guarantor’s check, compulsory project insurance, salary transfer, mortgage, etc. | |||||||||
4- Education | ||||||||||
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The Idea | The product includes all educational projects represented by students of different academic levels (basic / secondary / university / postgraduate) | |||||||||
The Description | Study seat rental | |||||||||
Sector | Service | |||||||||
Target Segment | Graduate students
Undergraduate students
Students of the academic levels (basic / secondary)
Through parents, if possible. | |||||||||
Financing Formula | A lease rent, or any suitable Islamic formula | |||||||||
Financing Period | A maximum of 10 months (an academic year) | |||||||||
The Grace Period | without grace period | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | Bring a certificate of enrollment from the school or university
Clarify the source of payment
A certificate acknowledging the amount of tuition fees | |||||||||
Target States | all states of Sudan | |||||||||
Financing Methodology | Sole Proprietorship (first-degree kinship) | |||||||||
Warranties | Third party check / salary transfer / pension / insurance policy | |||||||||
5- Water | ||||||||||
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The Idea | The idea is to connect water networks to residential areas and production projects | |||||||||
The Description | capital financing | |||||||||
Sector | Service | |||||||||
Target Segment | All segments of society that need these services | |||||||||
Financing Formula | Contracting or any suitable Islamic formula | |||||||||
Financing Period | Maximum 36 months | |||||||||
The Grace Period | The installments are not calculated until after the final receipt of the project and the inclusion of the process in the system. | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | – Bring a certificate of ownership for the customer, bring a source of payment, bring a certification from the Water Authority with approval (attestation of the load or certification), bring a qualified contractor approved by the Water Authority.
– The presence of a consultant from the Water Authority (the group bears the expenses of the consultant). – The responsibility for determining the path with the surveying engineers rests with a group, and the group bears all expenses, a certificate of opening a file from the Water Authority or a receipt. A down payment of no less than 20% of the total cost of the required financing. | |||||||||
Target States | all states of Sudan | |||||||||
Financing Methodology | group | |||||||||
6- Electricity | ||||||||||
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The Idea | The idea is to connect an electricity network to residential areas and production projects. | |||||||||
The Description | capital financing. | |||||||||
Sector | Service | |||||||||
Target Segment | All segments of society that need these services. | |||||||||
Financing Formula | Murabaha (for the counter and its accessories). Contracting (for crowdfunding). Or any suitable Islamic form | |||||||||
Financing Period | A maximum of 48 collective months.
A maximum of 24 single months. | |||||||||
The Grace Period | No profits are calculated for financing before the final delivery of the project. | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | – Ownership certificate for the customer with an explanation of the source of payment.
– Attestation from the Sudanese Electricity Company with approval (cargo certification or certification). Certified electrical contractor. – The presence of a consultant from the electricity (the group bears the expenses of the consultant). – The responsibility for determining the path lies with the survey engineers, and the beneficiary bears all expenses, a certificate of opening a file from the Water Authority or a receipt. A down payment of no less than 20% of the total cost of the required financing. | |||||||||
Target States | all states of Sudan | |||||||||
Financing Methodology | Single (for the counter and its accessories), collective | |||||||||
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. | |||||||||
7- Ramadan Basket | ||||||||||
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The Idea | The product includes all consumer products that are used in Ramadan | |||||||||
The Description | Purchasing consumables for the month of Ramadan (dates, sugar, oil, flour, cuppa …… etc.) | |||||||||
Sector | Service | |||||||||
Target Segment | All segments of society | |||||||||
Financing Formula | Murabaha or any suitable Islamic formula | |||||||||
Financing Period | 10 months max | |||||||||
The Grace Period | without grace period | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | According to the rules for granting funding | |||||||||
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. | |||||||||
8- Consumer Products | ||||||||||
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The Idea | Financing different types of consumer products | |||||||||
The Description | The product includes all consumer products (electrical appliances, foodstuffs, etc.) | |||||||||
Sector | Service | |||||||||
Target Segment | All segments of society | |||||||||
Financing Formula | Murabaha or any suitable Islamic formula | |||||||||
Financing Period | 12 months max | |||||||||
The Grace Period | without grace period | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | According to the rules for granting funding | |||||||||
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. | |||||||||
9- Sacrificial Sheep | ||||||||||
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The Idea | financing sacrificial sheep | |||||||||
Sector | Service | |||||||||
Target Segment | All segments of society | |||||||||
Financing Formula | Murabaha | |||||||||
Financing Period | 8 months max | |||||||||
The Grace Period | without grace period | |||||||||
Method of Payment | monthly | |||||||||
Conditions for Granting Funding | According to the rules for granting funding | |||||||||
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. | |||||||||
10- Mining | ||||||||||
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The Idea | Financing mining equipment (mills – sieves – gold prospecting equipment … etc.) | |||||||||
The Description | Capital financing and operating financing | |||||||||
Sector | Service | |||||||||
Target Segment | For associations and individuals in the targeted production areas | |||||||||
Financing Formula | Murabaha: Operating Financing Contracting: capital financing Any suitable Islamic formula | |||||||||
Financing Period | 18 months max | |||||||||
The Grace Period | According to the payment schedule | |||||||||
Method of Payment | By project type (monthly – quarterly) | |||||||||
Conditions for Granting Funding | Recommendation from the branch supervisor, approving the practice of 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. | |||||||||
