- Al Baraka Group
- Branches & ATMs
Mosharaka
Al Baraka Bank of Sudan provides financing in the form of partnership for existing projects or new projects, fixed or decreasing participation in which it contributes in an equal or varying percentage, and the profits are distributed according to the contribution to the capital.
Mosharaka
Al Baraka Bank of Sudan provides financing in the form of partnership for existing projects or new projects, fixed or decreasing participation in which it contributes in an equal or varying percentage, and the profits are distributed according to the contribution to the capital.
Participation financial steps
- The client submits a request to the bank in which he explains the commodity or the project subject of the partnership (from within Sudan or through import), the partnership capital, the percentage of the customer in the partnership capital), the method of paying this percentage in cash or in kind, with the submission of feasibility studies and the necessary documents.
- The bank studies the process, and after ascertaining the economic feasibility, determines the conditions required for ratification.
- A contract is drawn up between the bank and the customer, in which it clarifies what has been agreed upon, along with specifying the capital ratios and the method of distributing the profits.
- An account is opened for the participation capital with the bank, in which the two parties deposit the participation capital, and it is disbursed from it to pay the value of the commodity or establish the project.
- The fixed partnership is liquidated by selling the commodity, and the diminishing partnership is liquidated by the bank selling its share to the partner.