Emirates Islamic Trade Finance Earnings ratio of 8% The minimum annual sales of 1.5 million dirhams Diminishing percentage 14.51% Work for? 1 year Fixed rate 8.00% Wonderful for • the high value of the amount of funding, long repayment period of up to 48 months. The possibility of appointing an ad hoc relations director. be aware of • The existence of the minimum requirement for the size of annual sales. It must be activity and the company's work system compatible with Islamic law, and employs more than five employees. Key Features • the high value of the amount of funding, long repayment period of up to 48 months. The possibility of appointing an ad hoc relations director. Necessary documents • For the amount of funding, which ranges between 500,000 and 750,000 AED, you must provide data and internal financial documents of the company; for the amount of funding, which ranges between 750,000 and 2,000,000 AED, you must provide audited financial statements for the last two years; the list of buyers and suppliers; bank statements ; lease; all other legal documents. Features Overview • This is an Islamic finance • Unsecured • You do not need to have to have a bank account in order to apply for trade finance • Credit cards are not part of the advantages of this funding you can apply separately to get them • You must have a minimum annual sales volume of 1.5 million dirhams the company to be eligible for this funding. • There is no ceiling on annual sales of the requirement to qualify for this funding • For companies owned by citizens of the United Arab Emirates, the minimum required for the operational period of the company are 1. for expatriates, the minimum 2 years. • Minimum Funding is provided 500,000 dirhams • The maximum funding is provided AED 2,000,000 • repay financing for up to 48 months • transaction fee of 1.5% of the total amount of financing • early settlement fee of 5% of the remaining balance • interest rate starts at 8%, and could rise to 12% per annum, depending on the company's file. The interest rate is calculated according to a fixed rate • interest rate starts at 8%, and could rise to 12% per annum, depending on the company's file. The interest rate is calculated according to a fixed rate • Amejrd filings successfully, funding needs to 10 working days for approval
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