Summary:

Benefits:

1- Simple, flexible, reasonably priced and Sharia’a compliant finance

2- No upfront payment

3- High finance amounts and long repayment periods

4- Finance amount is fully KYC’ed and is transferred from the Funding Partner’s bank account in Europe

5- Due diligence is carried out by KPMG, one of the Big Four audit firms

6- Available in most of the countries (with medium to low risk rating)

Documents Required:

1- Full set of company’s document (company reg., partners list, passport copies, Memorandum of Articles, Board Resolution, etc.)

2- Land title deed / long lease contract

3- Company bank statement for the latest 6 months showing the account and IBAN number

4- Proper Project / Business Study

5- Audited financials for the past two years and in-house financials for current year

Procedures:

1- The required documents are submitted to Strategia Finance (Financial Consultant)

2- Full due diligence is done by through KPMG

3- On approval, an offer is sent to the client with all details for client’s signoff

4- Funding Partner’s team visits the project site

5- On successful site visit, the Finance Agreement is sent to the Applicant for review and signoff

6- NEW company is setup jointly between the Applicant and Funding Partner in the project country, this company will own the project

7- NEW company is setup jointly between the Applicant and Funding Partner in UK, fund will be transferred to this company account

8- The finance amount is transferred in trenches to the joint company account in UK, based on the approved payment schedule

9- Land title deed / long lease contract

10- The finance amount is then transferred to the joint company account in the project country to fund the project with joint signature

Fees Schedule:

1- Advance payment / upfront: ZERO

2- Cost of finance (profit rate): 2% flat per annum, applied after the project delivery

3- Processing fee: 5% of finance amount deducted from the first tranche – the same can be added to the project cost if needed

4- Financial consultant fee: 2% of total finance amount, paid on disbursing the finance

5- Project management fees: 3% of finance amount, paid on prorate from each finance payment

6- Engineering consultant fee: 3% of finance amount, paid on prorate from each finance payment

Important Notes:

1- The Funding Partner is a well established investment company based in the UK with a successful track records in project finance

2- Proper Project Feasibility Study is a prerequisite to accept the project documents

3- The documents should be clean and clear, for due diligence by KPMG, original should be presented for viewing

4- The acceptance of documents would mean that the project will be mostly accepted for finance, if the due diligence is successful

5- The Project Management and Engineering Consultancies are appointed by the Funding Partner and cannot be replaced by others

6- The finance will be disbursed in trenches to fund the project only, not to fund other activities.

Application Form:

Fill out the below form and get your dream project qualified for the finance: