Financing of Small and Medium-Sized Private Enterprises Based on Islamic Finance Principles

Funding currency

Tenge

Funding purpose

1)      Investments (real estate, equipment, special machinery and vehicles)

2)      internal refinancing of previously financed projects by the Partner;

3)      financing of working capital/working assets

Maximum funding term 

1)      for investment purposes - Up to 84 months (“Al Hilal” Islamic Bank” JSC);

up to 60 months (“Kazakhstan Ijara Company” JSC)

2)      To fund the company's working capital – up to 36 months (“Al Hilal” Islamic Bank” JSC)

Up to 24 months  (“Kazakhstan Ijara Company” JSC)

The final term is set by the Partner after the project review.

Maximum amount

The amount of financing will be determined by the Partner after reviewing the project

Profit rate under a founding agreement

The funding rate is set by the Partner after reviewing the project.

Maximum rate – up to 16,5% per annum (“Al Hilal” Islamic Bank” JSC)

Maximum rate – up to 17.5% per annum (“Kazakhstan Ijara Company” JSC)

Other conditions

SMEs can take part in subsidies and guarantees if they meet the requirements of the State Program.