Raw Material Financing

The product covers the financing of raw material including procurement, logistics, insurance and customs duties among other requirements provided that the company’s activities are shariah compliant.

Application process

1
Application submission and initial review
2
Application evaluation and risk analysis by credit management unit
3
Financial support is provided
4
Project supervision by the Engineering Department
Key features

What are the key financing terms?

  • Maximum funding up to 100% of Raw material cost
  • Up to 1 year financing period including up to 6 months of grace period.
  • Raw Material Facility will be valid for one year with an option for renewal at the discretion of ICC one month prior to expiry
Frequently Asked Questions

FAQs

It is a financing solution offered by QDB to help companies cover the cost of raw material including procurement, logistics, insurance and customs duties among other requirements provided that the company’s activities are shariah compliant.
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All Qatar-based companies operating in QDB mandated sectors can apply for financing
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Financing covers up to 100% of raw material cost for a one-year renewable period including up to 6 months of grace period.
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The total financing will cover the estimated/expected cost of raw materials in line with current prices.
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• Master Banking Agreement
• LCs application form (Murabaha), or Local purchase contract (LPC), or Wakala / Agency Contract between QDB and client (as applicable).
• Murabaha contract.
• Permission form for releasing the financed raw material.
• Offer and Acceptance, in case of Wakala buy and sell for self
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