Trade finance

"KYRGYZSTAN Bank" offers customers financing of external and internal trade transactions for the purchase of goods on the basis of Islamic finance under the Agreement on trade finance with the International Islamic Trade Finance Corporation (ITFC).

ITFC financing line allows customers to purchase goods on credit at the ITFC under the contract Murabaha *.

Basic product conditions:

Special purpose For the purchase of goods by installments on the domestic and foreign markets (on the implementation of the transaction Mubaraha)
Target Borrowers

1. Small and medium-sized businesses

2. Large corporate clients (Trading companies, importers)
Minimum and maximum transaction amount for each payout

1. Minimum amount is 100 000 (one hundred thousand) USD

2. Maximum transaction amount - 1 000 000 (One million) USD

3. Any payments of less than 100 000 USD will be charged for a fixed fee of 500 USD.
Loan currency US dollars
Term No more than 12 months
Goods insurance (during transportation) Mandatory **
Customer requirements

Availability of required licenses

Currency Regulation Permits

Import licenses

Other consents related to the import of goods

To product requirements and suppliers of goods

1. All goods are acceptable according to the rules of trade financing of ITFC.

2. Origin of goods:

      Member countries of the Organization of Islamic Cooperation (OIC) and countries that are not members of the OIC, which are not subject to a boycott of the OIC.

3. Not on any list of sanctions of the UN, OIC, EU

4. The supplier should not be an intermediary, agent, agent on a commission basis.

Bank Guarantee Fee
From 5% -7% per annum of the amount of BG

*Murabaha transaction - a transaction for the sale of goods purchased by ITFC on the client's request.The selling price of ITFC goods is determined by the parties as the sum of the purchase price and the mark-up agreement agreed by the parties. ITFC Surcharge is Applicable USD Libor + 2.85%.

** Usually in world practice insurance is provided by the supplier of goods.

Insurance should provide for the full restoration of the value of the goods by reliable insurance companies, in favor of MITFK (beneficiary)

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