Wakala Agreement (WA)
Name
Wakala Agreement (WA)
Gender
Male and Female who have businesses
Location
Rural and Urban
Purpose
WA is Shariah-Financing that is funded by third party through SKM to the already identified customers (RIGA or SIGA business) by the funder while SKM act as a Wakil/Agent and administer the financing agreement under Shariah-Financing between them. SKM will receive 60% of the margin while 40% goes to the Funder. The risk of this agreement will be borne by Funder in the form of Capital while for SKM service cost
Target Businesses
All types of Business with RIGA (Regular-Income-Generating-Activities) or SIGA (Seasonal-Income-Generating-Activities)
Documents Required
eNID(eTazkira) and Business license/Municipality and purchasing documents (Bills) and Tri-partied agreement
Age
14-65 (Where 14-18 for light business and have ownership)
Group Members
1
Financing Amount in AFN & duration
10,000-500,000 for 6-24 months
Collateral (Title Deed and Guarantor)
Financial guarantor (Business), Family guarantor and Titel deed OR Gold-Deposit-Guarantee
How to Apply
For more information please call our Customer Service Centre by dialing +93766505022 or visiting any of our branches.