This product comes as a response to the increasing demand by the Bank’s contractor clientele who suffer recurring gaps in their project financing due to delays in; Advance Payment, seek partial payment and counterpart funds.

As a Bridge finance, malady the product seeks to address the non-shariah practice of ‘cash for cash’ overdraft to contractors’ in time of dire need.

• A partnership venture
• Profit sharing, no interest charge
• No direct cash disbursement
• 10-50% of total contract sum
• 3 to 12 months project duration