×
Home / Financing solutions

Financing Solutions

Noor Bank offers you and your business a wide variety of Shariah compliant Trade & working Capital Solution to suit you and your business needs. Our Dedicated Relationship Managers offers you customized service to help you achieve your business goals.

Import Murabaha Finance

Our short-term trade finance developed in conjunction with Import LCs is based on the Murabaha concept. This enables you to fulfil your payment obligations under a sight-and-usance documentary presentation, with provision for goods to be cleared or manufactured (in the case of raw materials), and stocked.

Key benefits
  • Payment undertaking by us will help you negotiate better terms with the exporter
  • Helps improve your cash flow, as you only need to pay when the documents arrive under the letter of credit
  • Competitive turnaround times for transactions, which improves business efficiency

Open account finance

At Noor Bank, we offer you the option of payment against presentation of invoices, delivery notes, documents, or documentary collection. This is designed to help you shorten the time between receiving your receipts and payments. You will also enjoy greater flexibility in sourcing new suppliers in new markets, who may not be willing to extend their payment terms.

Key benefits
  • Re-payment terms tailored to your trade cycle
  • Choice between fixed or variable financing rates
  • Easy drawn-down financing against individual transactions

Receivable Finance

This product is specifically tailored for SMEs that want better management of credit control and sales ledger, by offering immediate cash advances on unpaid receivables with up to 90% of invoice value paid upon submission of invoice or related documents. With our sales ledger administrative service, you can also save valuable time and resources and protect your business from the risk of serious debts.

livechatLIVE CHAT

Top

  • Contact Us
  • Contact Us
    800-6667
  • Contact Us
  • Contact Us
    800-6667