Financing Bodies
Financing bodies in Qatar
Qatar Development Bank
Be Existing and emerging companies in Industry, education, healthcare and tourism sectors Eligible to get A loan to finance the project or facilities for raw materials. Approval for financing is subject to banking guidelines, while the agriculture, livestock and fishery sectors are subject to other measures.
Project financing loans are long-term loans to purchase basic production equipment or to cover a percentage of the total project costs (which include construction costs). Equipment includes, for example, production machines needed for manufacturing, furniture and appliances needed for hotels, offices in schools, imaging equipment in hospitals...etc.
Financing terms vary according to the nature of the project, as the repayment period can reach a maximum of 15 years, including 3 years as a grace period, based on the company’s cash flow requirements. .
Annual interest rates also range from 3 to 5 % for industrial sector projects, while they range from 2.5 to 4 % for projects in the education, health care and tourism sectors. .
Raw materials facilities are short-term facilities that cover up to 100% of the cost of raw materials. These loans are granted as a revolving credit facility that helps ensure continuity of the production process, and can be used as working capital to cover inventory and receivables.
Due to the nature of these short-term loans, the repayment period varies, but in total it does not exceed 12 months (the grace period is between 2 to 6 months) based on the project’s cash flows, and the interest rate ranges between 3 to 5 %.
List of documents required to apply for an industrial loan for a new project (or existing project).).
- A loan application letter addressed to the CEO of Qatar Development Bank containing the required loan value and duration.
- A valid copy of the commercial registry, a valid industrial license, the environmental permit and the company’s bylaws.
- A copy of the feasibility study provided by an independent consultant.
- A copy of the land allocation letter and lease contract with a map showing the area and location of the factory.
- At least one offer for the project’s machinery and equipment directly from the manufacturers, accompanied by a copy of the specifications.
- The approved engineering design of the project buildings (including architectural, construction and services-related maps) and the priced schedule of quantities indicating the specifications of the materials used.
- A copy of the ID card of the partners authorized to sign (ID card or a copy of the non-resident partner’s passport).
Health care financing:
- The financing percentage is up to 60% of the project cost or up to 70% of the value of the equipment needed for the main activities. The maximum repayment period for direct loans is 15 years, including a grace period of up to 3 years. Interest on loans is calculated at a rate of 2.5% - 4% per year, in addition to a one-time upfront fee of 1%. The engineering management fee is 1.5% in the case of construction financing.
education:
- Qatar Development Bank grants the financing required to establish an educational institution through its own program By direct lending Under which loans are granted for a repayment period of up to 15 years (including a grace period of up to 3 years), the financing percentage may reach up to 70% of the total project cost, with an annual interest rate ranging between 2.5% - 4% and an additional fee of 1% paid in advance for one time. Engineering management fee: 1.5% in case of construction financing.
tourism:
- In order to provide support to the tourism sector, which is expected to witness significant growth and significant development in the short and medium term, as we mentioned above, Qatar Development Bank provides financial support to this sector through its special program. By direct lending So that the financing percentage reaches 60% of the project cost or up to 800% of the value of the equipment needed for the main activities. The maximum repayment period for direct loans is 8 years, including a grace period of up to two years. Interest on loans is calculated at a rate of 3% per year, in addition to a one-time upfront fee of 11%.
Private farms
- Financing the purchase of greenhouses.
- Financing the purchase of irrigation equipment and tools.
- Well water desalination unit needed for agriculture.
- New technologies to improve agricultural production.
- The total financing must not exceed 1,000,000 million QAR per farm.
- The financing must not exceed 500,000 QAR for greenhouses, and must not exceed 500,000 QAR to finance irrigation equipment and tools.
Fish traps
| Category | The first | the second | Third |
| height | 18 – 24 feet | 25 – 31 feet | 32 – 38 feet |
| Engine financing | 50,000 QAR | 90,000 QAR | 130,000 QAR |
| Equipment financing | 10,000 QAR | 10,000 QAR | 20,000 QAR |
| the total | 60,000 QAR | 100,000 QAR | 150,000 QAR |
What sectors (main sectors) are eligible to receive funding from the Project Finance Department?
- Industry, health care, education, tourism, agriculture, livestock and fisheries.
What are the main features of long-term loan products?
- The maximum loan term reaches 15 years, the maximum grace period reaches 3 years, and the return rate ranges between 3 - 5%.
What are the main advantages of long-term loan products provided to the educational sector?
- For educational sector construction loans: The maximum borrowing percentage reaches 70% of the total construction cost, with the maximum loan term reaching 15 years and the maximum grace period reaching 3 years, and the return rate ranges between 2.5 - 4 %. As for loans for movable assets in the educational sector: the maximum borrowing percentage reaches 80% of the total cost of assets (so that the maximum does not exceed 70% of the total cost of both construction and fixed assets for projects that obtained loans to finance construction), as the maximum duration of the loan reaches Up to 7 years and the maximum grace period is two years, while the return rate ranges between 2.5 - 4 %.
What are the main advantages of long-term loan products provided to the livestock sector?
- Up to one million Qatari riyals: There is no need to prepare a feasibility study, and the maximum loan term is up to 8 years, including a grace period of one year, and the return rate is 1 TP3T. For livestock projects whose cost exceeds one million Qatari riyals: it requires preparing a feasibility study, as the maximum financing percentage reaches 80% of the total cost of fixed assets, and the maximum loan period reaches 8 years, including a grace period of up to one year, and the return rate is %. .
What are the main advantages of long-term loan products offered to the healthcare sector?
- For new construction loans in the health care sector: The maximum borrowing rate reaches 70% of the total construction cost, the maximum loan term reaches 15 years and the maximum grace period reaches 3 years, and the return rate ranges between 2.5 - 4 %. For companies in the healthcare sector seeking construction loans: the maximum borrowing percentage ranges between 75 - 80% of the total construction cost, the maximum loan term reaches 10 years and the maximum grace period reaches two years, and the return rate ranges between 2.5 - 4 % . As for loans for movable assets in the health care sector: the maximum borrowing percentage reaches 80% of the total cost of assets (so that the maximum does not exceed 70% of the total cost of both construction and fixed assets for projects that obtained loans to finance construction), where the maximum period reaches The loan has a term of up to 7 years and a maximum grace period of two years, while the return rate ranges between 2.5 – 4 %.
What are the main advantages of long-term loan products provided to the fisheries sector?
- Fisheries financing is limited to the owner of the fishing boat, as we finance this sector with an amount of 250,000 Qatari riyals per boat as follows, where the same customer is allowed a maximum of 3 fishing boats:
- • Machinery and equipment worth 100,000 Qatari riyals.
- • Boat engine with a maximum price of 150,000 Qatari riyals.
- The loan period is up to 5 years, including a grace period of up to two months, and the return rate is 1.
What are the main advantages of long-term loan products provided to the agricultural sector?
Up to one million Qatari riyals: There is no need to prepare a feasibility study, and the maximum loan term is up to 8 years, including a grace period of 6 months, and the return rate is %. For agricultural projects whose cost exceeds one million Qatari riyals: it requires preparing a feasibility study, as the maximum financing percentage reaches 80% of the total cost of fixed assets, and the maximum loan period reaches 8 years, including a grace period of up to one year, and the return rate is %.
First Finance Company
Financing up to 1,500,000 Qatari Riyals:
First Finance Company provides many financing services, some for individuals and some for companies. We will offer you the following corporate services:
Down payment up to 20%.
The financing period reaches a maximum of five years, depending on the nature of each company’s product.
A grace period not exceeding a maximum of 6 months when payment is due.
Financing starts from 1.5 million Qatari riyals up to a maximum of 15 million Qatari riyals:
Down payment up to 30%.
The financing period reaches a maximum of five years, depending on the nature of each product.
The profit rate is fixed.
A grace period not exceeding a maximum of 6 months when payment is due.
Requirements:
Audited budgets for the last 3 years or a company financial statement.
A copy of the commercial register + commercial license + establishment registration.
An account statement issued by the bank for 6 consecutive months, signed and stamped.
Copies of operating contracts/supply requests.
A copy of the owner’s or partners’ card + passport for non-Qatari partners.
Qatar Islamic Bank QIB
This bank began its work in 1982 AD. It is the first Islamic bank in Qatar. The bank accounts for 49% of the country's Islamic banking sector and about 11% of the total banking market.
Qatar Islamic Bank QIB financing programs:
Qatar Islamic Bank offers many financing products, the most important of which are:
1_ Working capital financing:
The bank offers a working capital financing option to help the company meet financial needs and promote growth.
2_ Financing for general corporate objectives:
The bank provides financing to meet the company's general needs or growth goals through a comprehensive range of corporate credit products. Whether you want to re-inject capital, refinance, restructure obligations, finance a project, or make an acquisition, the bank helps you achieve these goals.
3_ Asset financing:
Purchasing assets such as equipment and vehicles is a huge financial responsibility. To help you maintain working capital, we offer a wide range of financing solutions for equipment and vehicle purchases with a repayment schedule tailored to your cash flow.
4_ Real estate financing:
If you want real estate financing, you need a bank that specializes in the field of real estate and is aware of local market conditions. The bank provides financing solutions to public institutions, private equity institutions, and individuals. To acquire or own commercial real estate assets of all types, including hotels, residential apartments, industrial buildings, offices, and shops (real estate financing can be obtained at any stage of the real estate project).
5_ Project financing:
He presents the bank Innovative financing solutions, And it makes it easy On the client Obtaining capital In order to meet all financial needs. And covers Project financing All major sectors, such as oil and gas, energy, transportation, and infrastructure.
6_ Financing contracting companies:
The bank meets all the needs of its clients from contracting companies in various engineering, construction, operations and maintenance contracts.
Al Jazeera Finance Company
Since the company's establishment in 1989, the company has been working hard to develop innovative financing solutions to meet the needs of its customers. The company provides many financing services to individuals and companies. We will present below the most important corporate products offered by “Al Jazeera Finance”:
Project financing:
Al Jazeera Finance provides innovative financing solutions to finance your company's projects with the aim of providing financial solutions in advance before you start collecting project revenues from your client, all in accordance with the provisions of Sharia.
Advantages:
_ A repayment period that suits your project.
_ Competitive profit rates.
_ A grace period of up to 6 months.
_ Compatibility with the provisions of Sharia.
Required Documents:
- Company documents (commercial registry, commercial license, establishment registration).
- Statement of account for the last 6 months, stamped and signed.
- Partners’ ID card + passport copies for resident partners.
- Company incorporation contract.
- Project documents to be funded.
Ijara ending with ownership:
Al Jazeera Finance provides financing solutions through the leasing-to-own system that enable you to purchase assets such as (machinery and equipment) or provide you with liquidity in exchange for the assets you own, all in accordance with the provisions of Sharia.
Required Documents:
- Company documents (commercial registry, commercial license, establishment registration).
- Statement of account for the last 6 months, stamped and signed.
- Partners’ ID card + passport copies for resident partners.
- Company incorporation contract.
Financing the operating expenses product:
Al Jazeera Finance provides financing solutions through which you can finance your company's operational expenses, such as rents and wages, for a period of up to 6 months.
Required Documents:
- Company documents (commercial registry, commercial license, establishment registration).
- Statement of account for the last 6 months, stamped and signed.
- Partners’ ID card + passport copies for resident partners.
- Company incorporation contract.
- Payroll/copy of lease contract.
Financing cars and equipment for companies:
Al Jazeera Finance provides financing solutions by purchasing cars and equipment for your company, all in accordance with the provisions of Sharia and on easy and convenient terms.
Required Documents
- Company documents (commercial registry, commercial license, establishment registration).
- Statement of account for the last 6 months, stamped and signed.
- Partners’ ID card + passport copies for resident partners.
- Company incorporation contract.
- Offer Price.
- A copy of the asset ownership.
Goods financing:
Al Jazeera Finance provides financing solutions that enable you to choose the appropriate goods for your business activity, and the company carries out financing and purchasing procedures in accordance with the provisions of Sharia.
Required Documents:
- Company documents (commercial registry, commercial license, establishment registration).
- Statement of account for the last 6 months, stamped and signed.
- Partners’ ID card + passport copies for resident partners.
- Company incorporation contract.
- Offer Price.
The First Investor Company
After its establishment in 1999 AD, The First Investor Company It is truly considered one of the leading companies in the field of innovative financial products and investment banking services in the State of Qatar. The services and products of The First Investor Company Compatible with the provisions of Islamic Sharia. It is noteworthy that the company has been affiliated with Dukhan Bank since 2009, and the core of its work is banking services, private equity, strategic investments, real estate investments, asset management, and more.
It is noteworthy that the company, today, is considered one of the most successful investment banking companies, and its stock portfolio has grown year after year, and the assets under the control and supervision of its management exceed one billion US dollars. For all of the above, the company will be an ideal destination if you want to invest in Qatari stocks and others.
Dukhan Bank
Dukhan Bank is one of the Sharia-compliant Islamic banks in the State of Qatar. The bank provides a full range of banking services, including individual services, corporate services, commercial banking services, private banking services, real estate financing, structured financing, investments, and asset management.
What services does the bank provide?
The bank's public relations managers and product experts provide assistance to businessmen and investors in choosing financing products that suit their business. The products of this bank vary between commodity Murabaha, basic commodity Murabaha, Istisna contracts, Ijarah ending with ownership, agency, Mudaraba and Ijarah.
What sectors does Dukhan Bank support?
The bank offers its products to support many sectors, including: commerce, Contracting, Real estate, energy, Transport, Transformative Industries In addition to many, many other economic activities.
National Bank of Qatar
Qatar National Bank was established in 1964 AD, and since that date the bank has achieved high growth rates year after year until it has today become the largest banking institution in the Middle East and Africa region. The bank currently has branches in more than 31 countries around the world and within a geographic scope that includes three continents. It employs more than 30,000 employees across 1,000 branches and representative offices, in addition to an extensive network of more than 4,600 ATMs.
Services:
QNB Group offers a package of services to small and medium-sized companies. We will present these services arranged according to the sectors targeted by the group:
Educational sector:
Asset financing: Office equipment.
Financing educational facilities: Financing the construction of offices or renovating existing offices and financing the purchase and acquisition of the assets of an existing commercial facility.
Multi Product Package (MPP): A group of credit facilities of up to 10 million Qatari riyals.
Car loans and car leases: Vehicles for commercial use and guest transport.
Working capital financing: Fund daily operations with short-term loans or overdrafts to pay for food, consumables, rent, salaries and general operating expenses
Al Dhameen Program: To help owners of emerging projects and small and medium enterprises obtain Easy financing.
Eligibility:
nurseries, Daycare centers, after-school activity centers, and private schools.
The company must have a corporate account with QNB
Features:
Reasonable fees and interest rates.
Ease of obtaining loans.
The medical section:
Health facility loans: To finance the construction of new facilities or the renovation of existing buildings to establish a medical institution, or to finance the purchase or acquisition of the assets of an existing institution.
Multi Product Package (MPP): A group of credit facilities of up to 10 million Qatari riyals.
Car loans and car rentals: vehicles for business use and guest transportation.
Working capital financing: Fund daily operations with short-term loans or overdrafts to pay for food, consumables, rent, salaries and general operating expenses.
Al Dhameen Program: To help owners of startups and small and medium enterprises obtain financing in an easy way.
Eligibility:
Clinics, nursing homes, diagnostic centers, laboratories serving clinics and hospitals, sterilization centers, rehabilitation and physical therapy centers.
The company must have a corporate account with QNB
Features:
Reasonable fees and interest rates.
Ease of obtaining loans.
Tourism sector:
Asset financing: Furnishing offices, restaurants or hotels.
Financing tourism facilities: To finance the construction of hotels, restaurants, and offices, or to renovate existing ones, or to finance the purchase and acquisition of assets of existing tourist facilities.
Multi Product Package (MPP): A group of credit facilities of up to 10 million Qatari riyals.
Car loans and car leases: Vehicles for commercial use and guest transport.
Working capital financing: Fund daily operations with short-term loans or overdrafts to pay for food, consumables, rent, salaries and general operating expenses.
Credit cards for small and medium enterprises: Better manage your cash flows
Al Dhameen Program: To help owners of startups and small and medium enterprises obtain financing in an easy way.
Eligibility:
The company must have a corporate account with QNB
Features:
Reasonable fees and interest rates.
Ease of obtaining loans.
Manufacturing sector:
Term loans: To finance land purchases, factory construction, restoration works, and equipment purchases at competitive prices and quick approval.
Multi Product Package (MPP): A group of credit facilities of up to 10 million Qatari riyals.
Infrastructure loan: To finance the construction of a new factory, offices or warehouses, or the renovation of existing facilities, to finance the purchase and acquisition of assets of an existing factory.
Working capital financing: Fund daily operations with short-term loans or overdrafts to pay for food, consumables, rent, salaries and general operating expenses.
Raw material financing: To finance the purchase of raw materials from local or international markets.
Car loans and car leases: Vehicles for commercial use and guest transport.
Credit cards for small and medium enterprises: Better manage your cash flows.
Al Dhameen Program: To help owners of startups and small and medium enterprises obtain financing in an easy way
Eligibility:
The company must have a corporate account with QNB
Features:
Reasonable fees and interest rates.
Ease of obtaining loans.
Introduction to Al Dhameen Program:
Al Dhameen Program is an initiative of Qatar Development Bank with partner banks. Through this initiative, QNB provides the necessary financing to emerging projects and small and medium enterprises that cannot provide the necessary guarantees proving their eligibility to obtain financing.
Required Documents:
Company file.
A recent copy of the valid commercial register.
A copy of a valid license issued by the municipality.
Copies of the identity/commercial registry of partners/owners and authorized signatories (if the borrower is sponsored by another company, the commercial registry of this company must be submitted).
Complete and audited financial reports for the company.
Quote.
Account statement for the last six months from other banks (if any).
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