Products Azal Individual Loan

Target Audience: Owners of small and micro-enterprises.

Purpose of Financing: Financing income-generating activities in the following sectors: service, industrial, commercial, and agricultural.

Financing Amount: From 100,000 Riyals to 1,000,000 Riyals.

Financing Duration: From 6 to 18 months.

Type of Collateral: Commercial, Gold Pledge.

Murabaha Rate: 1.85% - 1.95% monthly (depending on the financing amount requested and the type of collateral provided).

Financing Conditions:

• Must be of Yemeni nationality.
• Must have an existing business and own the business property documents.
• Must be at least 18 years old.
• Must possess official identity documents.
• Must have a good reputation and be qualified to manage the business.
• Must provide suitable collateral.