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Istisna’

Istisna’ is an ideal mode for medium to Short term finance as it offers flexible financing terms to match the Customers’ requirements.

Requirements

  • Have an account with Idman Community Bank (ICB)
  • Written and signed request Letter
  • 3-6 months Bank Statements
  • Copy of certificate registration (if it is company)
  • Certified copy of Memorandum and Articles of association
  • Company profile
  • Copy of valid passport and 2 colored passport size photos for each of the directors/ guarantor
  • Facility application form
  • Other documents as per bank’s policy​
  • Processing fee of 0.5% of the financed amount
  • Account Opening Fee $5

Features and Benefits

  • Istisna’ can be used by small, medium, commercial enterprises & corporate entities.
  • Allows financing of manufacturing as well as overhead costs of the business
  • Flexible payment options
  • Competitive pricing​
  • Sharia compliant
  • Flexible to choose term loan
  • Repayment period of up to 5 years
  • Flexibility to revise monthly installments
  • Flexibility to redraw advance/additional payments

We are here for you!

The bank follows Shari’ah Law which seeks a “just” and “equitable” distribution of resources.

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