Islamic Investment & Finance
Cooperatives Group

Business SCFA

Business Shariah Compliant Financing Advances (SCFA)

Description Features of the Product
Type of financing It is a financial assistance extended to clients engaged in business to generate additional income. The SCFA may include working capital for inventories/ stocks to be sold, salaries of the workers and other overhead costs.
Target area Rural and Urban Market
Market segments Low-income community and micro entrepreneurs having permanent residence in the operational area and running business with positive cash flow or income
Age of Client at the time of loan 18 – 65 years
Service charges rate As per policy of IIFC Group
Murabaha loan period 6  to 18 months
Loan size AFN. 10,000 to 200,000 depending on the need and cash flow based on the repayment capacity of the Client
Frequency of installment 6 to 18 months equal monthly installments
Lending methodology Individual loan
Collateral type
  • Social collateral – guarantee of family head and two shopkeepers
  • For female client – family head acceptable
  • Real estate mortgage (Title deed)
Identification source Cop of Tazkira( NID) and a recent photo of Client and guarantors
Purpose of Murabaha loan Expansion of business in small trade, manufacture and services
Previous experience At least ( two years ) experience in business or basic knowledge about the proposed business activity
Physical verification Client’s residence and business

Shura Khat / Wakil Guzar verification or electricity bill of the house

Cash flow assessment By Loan Officer in the field

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