Information on the conditions for issuing a credit line from the International Islamic Trade and Finance Corporation (IITFC)
№
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Name of questions
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Conditions
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1
|
Borrower Requirement
|
This line provides for the financing of import contracts for the supply of goods and / or raw materials for the implementation of projects of enterprises whose main business does not contradict the principles of the Islamic Sharia.
|
2
|
Line of credit line funds
|
Trade and production
|
3
|
Purpose of sending credit line funds
|
Working capital replenishment
|
4
|
Minimum and maximum amount for each financed loan
|
200,000 USD 2,000,000 USD
|
5
|
Loan currency
|
U.S. dollar
|
6
|
Credit amount
|
Set individually for each project
|
7
|
Credit term
|
12 months
|
8
|
Annual interest rate on a loan
|
Annual US LIBOR + 2.8%
|
9
|
Grace period
|
Set individually for each project
|
10
|
Commission bank
|
0.5% of the project amount for issuing a guarantee
|
11
|
Loan Form
|
Opening of a letter of credit under the guarantee of Kapitalbank JSCB
|
12
|
The share of the borrower in the financing of projects
|
Not installed
|
13
|
The list of countries from which equipment is purchased through credit
|
Countries not subject to boycott by Islamic Cooperation Organization
|
14
|
Collateral Requirements
|
Real estate, vehicles, cash and / or other liquid assets
|
15
|
What is the ratio in percentage to the adoption of collateral for purchased equipment and mechanisms
|
|
16
|
Acceptable (Design) Regions
|
Not installed
|
17
|
The list of necessary documents for obtaining a loan
|
Constituent documents, financial statements for the corresponding period, business plan (feasibility study) of the project, documents on collateral and the report of an independent appraisal company
|
18
|
Other
|
|