Ghiyar (spare parts) Product

Al Baraka Bank of Sudan offers a spare product to finance vehicle rentals for individuals in the form of Murabaha for purchase orders.

• Features & Benefits
  • • Facilitating the purchase of spare parts for cars.
    • High ceilings.
    • Contracts with a large number of suppliers of aspirations.
• How to access the service
  • Open an account at the nearest branch of Al Baraka Sudanese Bank.
  • Bring an approved salary certificate.
  • Fill out the financing form
  • The deduction should not exceed 50% of the net salary (after taxes, deductions and existing financing from the banking system)
  • Paying 10% of the financing amount in advance to those with salaries transferred to the bank.
  • Paying 20% of the financing value in advance for non-salaries transferred to the bank.
  • Financing is carried out according to the controls of the financing policy for individuals.
• Targeted are
  • Owners of private and public vehicles
  • Owners of auto parts stores.