We understand that sometimes your business needs a financial injection to help it reach the next level. Loans provide small and medium sized companies the freedom to soar to greater heights.
Buying your own home is one of the most important financial decisions that you will ever make in your life. Mortgage Loans are the most flexible, affordable and easiest way to finance the purchase of property in UAE with:
Since the beginning of the 18th century, banking has been conducted on an interest-based system of lending money to those in need. With no other alternative available, people had no choice but to borrow money at often high interest rates. This leads to the formation of an unfair system that brought unnecessary hardship on people.
It was this need for a fair financial system that brought about the birth of Islamic banking. Its objective was to provide a financial alternative that was fair, transparent and above all, a source of economic upliftment for all those in need.
Islamic banking enlightened with the guidance of Islamic Sharia principles, emerged as an alternative financial system that neither gave nor took interest, thereby introducing a fair system of social justice and equality, while fulfilling the financial needs of people and maintaining high standards of ethics, transparency and a sense of responsibility.
Overdraft means allowing the customer to draw cheques over and above credit balance in his account. This facility is offered to help your business meet its working capital requirements.
Organizing an overdraft entails simple documentation. Overdraft facilities are renewable on an annual basis and can be made available in a range of currencies depending on your requirements.
Bills discounting offers your business cash against postdated cheques issued by your customers. Banks discounts cheques from pre-approved customers and credits the amount to your account in advance, helping you to manage your cash flow better. It is an ideal way to manage business in today's competitive environment, without having to wait for cheques to be released on their due date.
This gives your company the opportunity to transform credit sales into working capital. Invoices are discounted by Subsequent Bank once they are accepted by your customer. This gives your business an immediate cash injection up to an agreed percentage of the value of the unpaid invoices.
Term loans ranging between one to five years are offered to part fund ongoing business expansions and other capital expenditure programs. Asset backed financing is also undertaken where the bank uses collateral such as land, buildings, equipment or inventory as security against the loans. Repayments are tailor made to suit cash flows associated with the individual business.
A loan is granted to the importer to provide liquidity for buying against sight payment. Each loan is related to a specific import transaction and the terms of finance can vary depending on the type of product and importer's requirements. Importers who have orders from customers backed by a Letter of Credit are provided with the necessary financial backing to meet larger orders than they could based solely on their own financial strength.
When you export, you significantly reduce the risk of non-payment by requesting your buyer to pay under a Letter of credit. Subsequent Bank helps you to get paid quickly by discounting Letters of Credit after acceptance by the issuing bank.
Contract financing is a way for your business to receive a cash advance on work you have yet to perform. It is collateralized by a contract between the bank and our customer. The contract specifies milestones and payments based upon your progress toward completing the project. Contract financing differs from loans from a bank or an online lender in that it's underwritten based on the terms of the contract and the creditworthiness of the customer, rather than being based on the company’s credit record.
Letters of Credit are a trusted mechanism for settling international trade transactions. At your request, a particular bank undertakes to effect payment against presentation of credit complying documents. This is an effective way to get paid for goods and services that you have provided or an effective means of ensuring delivery of goods and services that you have paid for.
A particular bank stands as a guarantor for your company to meet your trade and contractual agreements to your clients. We assist you to find the right bank to stand as your guarantor by providing the required documents and making the necessary arrangements.
When this facility is used, you as the seller forward the shipping documents and a sight / time draft drawn on the buyer's account to your Bank. The draft and documents are sent with instructions to the buyer's bank who delivers the draft to the buyer, but retains the documents until the buyer pays or accepts the draft. This lets you maintain control over your shipments until payment is secured. The buyer also benefits by not having to release the payment until the goods have been shipped.