- Al Baraka Group
- Branches & ATMs
Al Mugowlah
Al Baraka Sudanese Bank presents the form of Mugowlah (contracting) to carry out work for the benefit of the client without The materials are from the bank against the cost of the work, plus the profit is determined in advance.
Sector where Mugowlah applies
The Mugowlah contract is applied in many sectors (agricultural/industrial/transport/real estate).
Steps to Mugowlah Sale
- The customer submits a request to the bank expressing his desire to enter into a contracting process to accomplish a specific work, with specifications determined by the customer, and in which he specifies the expected cost.
- The customer submits a request to the bank expressing his desire to enter into a contracting process to accomplish a specific work, with specifications determined by the customer, and in which he specifies the expected cost.
- The bank signs the contracting contract with the client, in which he commits to perform the specific work and deliver it within a specified period to be agreed upon (the bank takes into account that this deadline is similar to or later than the period in which it will receive the work in the parallel contracting contract).
- The bank signs a parallel contracting contract with a first contractor expressing its desire to complete the work that it committed to in the first contracting contract (that is, with the same specifications) and agrees with the contractor (the executor of the work) on the appropriate price and term.
- The bank receives the work from the contractor and delivers it to the customer within the specified deadline.