What is it ?
MOURABAHA EXPLOITAION
The MOURABAHA Exploitation is intended for short-term financing of companies and professionals, to meet the need for cash through the acquisition by the bank of the raw material or goods with a view to reselling them to the customer at a cost price increased by a profit margin known and agreed in advance with the customer.
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FAQ
Murabaha Exploitation is an agreement under which the bank sells to a customer assets within the framework of the exploitation cycle, owned by the bank, at the cost of its acquisition, increased by a profit margin agreed in advance, and according to terms of payment agreed between the two parties.
Murabaha exploitation transactions are concluded on the basis of a framework agreement signed beforehand between the bank and the client, defining the general terms and conditions for the conduct of these transactions.
Murabaha exploitation transactions are concluded on the basis of a framework agreement signed beforehand between the bank and the client, defining the general terms and conditions for the conduct of these transactions.
The duration of the operating murabaha financing line is 12 months.
The customer must repay the amount used within 03 months plus the margin.
The customer must repay the amount used within 03 months plus the margin.
1. Profit rate: 8.50%
2. File management fees: 0.00 DZD
3. Notification fees: 0.00 DZD
2. File management fees: 0.00 DZD
3. Notification fees: 0.00 DZD
The amount of the installment payment is determined according to the needs of the company, its debt capacity and especially its commercial performance. It is determined on the basis of a presentation of an annual cash flow statement showing monthly needs.
The guarantees relating to Murabaha Exploitation which you can present to the bank are:
1. Mortgage of real estate.
2. The joint surety of the partners;
3. The surety of a solvent third party;
4. Pledge of public contracts;
5. Insurance (pending the launch of the Takaful product).
1. Mortgage of real estate.
2. The joint surety of the partners;
3. The surety of a solvent third party;
4. Pledge of public contracts;
5. Insurance (pending the launch of the Takaful product).
The administrative and legal documents, below:
1. Application for financing duly signed and stamped by the person authorized to contract financing in the company;
2. Minutes of the AGEX authorizing the manager to contract bank financing and alienate the company's assets if this provision is not mentioned in the company's articles of association;
3. Certified copy of the articles of association;
4. Certified copy of the trade register;
5. Certified copy of the official bulletin of legal announcements (BOAL);
6. Certificate of deposit of corporate accounts;
7. Certified true copy of the title deed or lease of the premises for professional use (Deed of ownership, deed of sale, land booklet or other).
The accounting and financial documents, below:
1. Copy of the last three financial statements and annexes duly stamped by the tax administration (The tax stamp must appear on all the pages constituting the balance sheet);
2. An accounting statement duly sealed by the auditor;
3. The auditor's report for the last financial year of capital companies (SARL, SPA);
4. An opening balance sheet for start-ups;
5. Operating financing plan spread out by quarter for the financial year to be financed;
6. Statements of customer receivables detailed by age;
7. Recent status of receivables;
8. Import license for Import/Export companies;
9. Certificate of professional qualification for construction companies ;
10. The workload schedule for BTPH companies duly signed and stamped by the customer (The load plan must be accompanied by the following documents:
- A fact sheet per market;
- Market ODS;
- Situation of recent work not yet cashed;
- Copy of contracts (Agreement+ Amendments).
11. Form "Authorization to consult the central risk office duly signed by the manager or the legal representative of the company"».
The fiscal and parafiscal documents, below:
1. Recent tax and parafiscal documents in less than three months (Excerpt from rolls/CNAS/CASNOS/CACOBATPH);
2. Certified copy of tax registration card.
1. Application for financing duly signed and stamped by the person authorized to contract financing in the company;
2. Minutes of the AGEX authorizing the manager to contract bank financing and alienate the company's assets if this provision is not mentioned in the company's articles of association;
3. Certified copy of the articles of association;
4. Certified copy of the trade register;
5. Certified copy of the official bulletin of legal announcements (BOAL);
6. Certificate of deposit of corporate accounts;
7. Certified true copy of the title deed or lease of the premises for professional use (Deed of ownership, deed of sale, land booklet or other).
The accounting and financial documents, below:
1. Copy of the last three financial statements and annexes duly stamped by the tax administration (The tax stamp must appear on all the pages constituting the balance sheet);
2. An accounting statement duly sealed by the auditor;
3. The auditor's report for the last financial year of capital companies (SARL, SPA);
4. An opening balance sheet for start-ups;
5. Operating financing plan spread out by quarter for the financial year to be financed;
6. Statements of customer receivables detailed by age;
7. Recent status of receivables;
8. Import license for Import/Export companies;
9. Certificate of professional qualification for construction companies ;
10. The workload schedule for BTPH companies duly signed and stamped by the customer (The load plan must be accompanied by the following documents:
- A fact sheet per market;
- Market ODS;
- Situation of recent work not yet cashed;
- Copy of contracts (Agreement+ Amendments).
11. Form "Authorization to consult the central risk office duly signed by the manager or the legal representative of the company"».
The fiscal and parafiscal documents, below:
1. Recent tax and parafiscal documents in less than three months (Excerpt from rolls/CNAS/CASNOS/CACOBATPH);
2. Certified copy of tax registration card.