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 SME Financing Solutions

 SME Financing Solutions

06-02-2024

​​Wide range of financing solutions that cater to all types of businesses​ !

Bank Albilad offers a wide range of financing solutions that cater to all types of businesses and can be tailored fit depending on their respective financing requirements.  Our products and services are available primarily for the following purposes:
  • ​Working Capital Financing  
  • Asset Financing 
  • Contract Financing 

​

Bai Alajel  Financing

Bai Alajel Financing is a financing product that provides for your business’ short to long-term financing requirements.  This financing structure is based on Murabaha whereby the Bank sells to customers a commodity or an asset which the Bank has purchased and acquired based on a promise received from the customer to buy in one stroke or installment. The selling price comprises the cost plus an agreed profit margin. 

​Financing ​Features

  • ​Shariah Compliant
  • Competitive rates and pricing conditions
  • Available at short-term to medium term financing tenors
  • Simplified documentation and credit process 
  • Accessible through our regional offices strategically located at Riyadh, Jeddah and Dammam

Documentation Requirements at Initial Application

  • Copy of ID/Iqama.
  • Copy of Commercial Registration
  • Copy of the enterprise’s foundation contract (if the enterprise is a company).
  • Feasibility study (for new projects)
  • Copy of audited financial statements (or In-house FS) for three years (for existing projects).
  • Other documents that the Bank may require 


​

How the financing profit margin is calculated ?

Tariffs and fees

​Product 
​
​* Annual Profit Rate
​
​Management Fees
​
​Maximum (or) Minimum Management Fees 
​Minimum 
Maximum ​
​Minimum 
​Maximum 

​No Minimum Amount 
 
​Bai Ajel 
​4%
​12%
​2%
​3.5%


* The above prices and fees are example to be effected by other factors such as SIMAH Report, Amounts & financing period

An example of how the Bai Ajel financing is calculated:


Example 1:

​​Type of Financing
​Bai Ajel 
​Financing Calculation Method
​Amount X Profit Rate/ 360 X No. of Days
​​​Amount​1,000,000.00 
​Profit Rate
​7%
​​​​Profit Calculation Method
 
​No. of Financing Days
​360.00 
​​Profit
​70,000.00 


Example 2:

​Type of Financing
​Bai Ajel 
​Financing Calculation Method
​Amount X Profit Rate/ 360 X No. of Days
​​​​Amount
​1,000,000.00 
​Profit Rate
​10%
​​​​​Profit Calculation Method
​
​No. of Financing Days
​360
​Profit
​99,999.99


Example 3:

​Type of Financing
​Bai Ajel 
​Financing Calculation Method
​​Amount X Profit Rate/ 360 X No. of Days
​Amount
​1,000,000.00 
​​Profit Rate
12%
​Profit Calculation Method
​
​​No. of Financing Days
90
​​Profit
​29,999.99

  • Some financing products might use floating rate pricing
  • Financing limits and fees will be subject to regulations and other related terms and condition 
  • The above prices and fees are example to be effected by other factors such as SIMAH Report, Amounts & Funding period
  • The Disclosure is only for Small & Micro enterprises.


​


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All Rights Reserved © 2024 Bank Albilad is a Saudi joint stock company, with National Unified No. 7001473102, Head Office: Al Mutamarat 8229, Building No 2, RIYADH 3952 - 12711, KSA. Under monitoring and supervision of Saudi Central Bank and licensed by Royal decree 48/M on 1425/9/21H (4/11/2004 G).


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