Bid Bonds

A bid bond is issued by a financial institution on behalf of a client bidding to secure a contract or project, it guarantees that a bidder will not submit an unrealistic bid or, after winning the bid, fail to enter into an agreement.

Tijaara, through partnership with reputable, recognized and authorized institutions, issues Bid Bonds to enable tendering firms to obtain these guarantees for the contracts they bid for.

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Murabaha Stock Finance Features

Concept

Based on the concept of Kafalah

Approval

Easy, convenient, and quick process

Period

Fast Turnaround Time

Requirements

For Limited Liability Companies

ID Copies of the Director(s)
KRA Pin Certificate Copies of the Director(s)
Certificate of Incorporation
KRA Pin Certificate of the Company
Memorandum & Articles of Association
CR12
Copies of the security documents and Valuation Report
Certified Bank Statements for the last 12 months AND/OR M-Pesa Statements
Pro-Forma Invoice of the Stock to be financed.
Current Business License
Resolution to Borrow

For Sole Proprietorship or Individuals

ID Copies of the Person(s)
KRA Pin Certificate Copies of the Person(s)
Copies of the security documents and Valuation Report
Certified Bank Statements for the last 6 months AND/OR M-Pesa Statements
Pro-Forma Invoice of the Stock to be financed.
Certificate of Registration
Current Business License