Performance Bonds

A performance bond is commonly used in transactions for supply and delivery of goods and services; it guarantees the performance of certain specified acts by the client. If the client fails to perform according to the contract, the bank performs according to the guaranteed commitments.

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Murabaha Stock Finance Features

Easy, convenient, and quick approval process with minimal documentation

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