- Purpose To part finance the cost to complete the contract awarded by government and GLCs
- Assignment of contract proceeds
- Financing of up to 80% of the contract cost
- Maximum tenure according to contract tenure
- Shariah Concept Tawarruq'
- No early settlement fees
- Protection against rise in financing profit rate through ceiling profit rate
- No compounding profit
- Compulsory rebate (ibra') for early settlement
- No commitment fees for unused amount
- Private Limited Companies
- Public Limited Companies
- Cooperatives
- Certified True Copy of Letter of Award of contract to be financed
- Latest progress reports of the contract to be financed
- Cash flow projection and profit and loss projection of the contract
- List of completed and ongoing projects (including tenure, completion date, awarder and reason for delay if applicable)
- Contract work schedule
- Procedure of contract payment
- List of Suppliers (including name, address, contact person)