- Al Baraka Group
- Branches & ATMs
Al Ijarah (leasing)
Al Baraka Sudanese Bank provides financing in the form of Istisna’a (ordering to make) for everything that can be manufactured, as it signs an Istisna’a contract with the customer and a parallel Istisna’a contract with the manufacturer.
Sectors where Istisna'a applies
- Sectors of the application of the lease described as liabilities ending in benefit
- Travel sector (not including tickets, visas and passports)
- Education sector
- Sectors of the application of the lease described as a liability ending in ownership
- Transport sector/commercial sector/agricultural sector/real estate sector
Steps of Ijarah financing
- The customer submits an application to the bank stating the specifications of the commodity he wants.
- The bank studies the process, and ascertains its economic feasibility. It determines the conditions and guarantees for its ratification.
- The bank owns the commodity or service that is the subject of the lease.
- Sign contracts and take guarantees.