Since the establishment of Alinma Bank in 2008, it has been providing distinguished services, in an innovative manner, and in an approach that complies with the provisions and controls of Islamic Shari’ah, throughout the Kingdom of Saudi Arabia.
Alinmaa Bank has developed its online services. Like this: Alinma Internet, Alinma Phone, Alinma Mobile, and smart applications for the third and fourth generation of smart devices, in order to be present and interact with all the latest developments in the banking arena.
Offers Alinma Bank Many financing services for individuals and companies; however, what we are interested in here are the services it provides for small, medium and micro enterprises (SMEs). mashroo3k points out the most important services Alinmaa Bank:
1. Financing small and micro enterprises:
– A constant annualized rate (6% to 8%).
– Financing term up to 84 months.
– Management fees from 1.5% to 3%.
– Financing limits up to 6.25 million riyals.
2. Financing medium enterprises:
– A fixed annual rate of (5% to 7%).
– Financing term up to 84 months.
– Management fees from 1.5% to 3%.
– Financing limits up to 18.75 million riyals.
Types of Financing from Alinma Bank:
1. Murabaha Commodity Finance (Future Sale)
2. Documentary credits (LC).
3. Bank guarantees (LG).
Conditions of financing from the Development Bank
The minimum financing amount must not be less than 500,000 Saudi Riyals.
The business must be at least 3 years old.
The business must have audited financial statements for the past three years.
The annual revenue/sales of the business must not exceed 200 million Riyals.All financial indicators must be positive.
There must be no negative indicators for the business or its owners in the Saudi Credit Information Company (SIMAH).
