Financing the production and development of livestock by Islamic Murabaha

Targeted categories

 Individuals and legal persons-
Finance secured by savings schemes-

The scope of project implementation

–   The finance is granted to customers throughout the Republic through all Islamic branches

Value of finance

 Small- scale  breeders   – Maximum amount of finance is  EGP 150,000.00
Medium- scale   breeders   – Maximum amount of finance is  EGP 500,000.00
Senior – scale  breeders   – Maximum amount of finance is (According to the credit study)

: Finance terms

:The finance term ranges from 6 to 60 months according to the nature of the project as follows

Fattening male ( Cows – Buffalo – Sheep – Goats) 6 -month financing
Fattening male camels 12- month financing
Artificial insemination 12- month financing
Milk production 60- month financing
Production of buffalo and cows 60- month financing
Production of sheep and goats 24 -month financing

:Method of payment

Fattening of males (cows – buffalo – sheep – goats) One payment
Fattening of male camels One payment
Artificial insemination One payment
Milk production Monthly
Production of buffalo and cows Semi-annually including a grace period of 6 months
Production of sheep and goats Semi-annually including a grace period of 6 months

:(Simple) Interest rates and down payment

Project 1 Return (simple) Down payment
Fattening of males (cows – buffalos – sheep – goats) 17.5% 20%
Fattening of male camels 17.5% 20%
Artificial insemination 17.5% 20%
Milk production 19.5% 20%
Production of buffalo and cows 19.5% 30%
Production of sheep and goats 18% 30%

Required documents:

–  A copy of the valid national ID.

–  A recent facilities receipt (electricity – water – gas).

–   A document proving holding or ownership of the land.

–  An actual inspection report by official bodies such as (veterinary authority – animal production department …etc.)

Administrative expenses:

–  Administrative expenses shall be collected (2% of the financial value to be collected once at granting finance which shall be the value of actual expenses as a minimum).

(In the case of contracting with grand companies or cooperation protocols with other bodies, the advance payment and interest rates shall be modified and determined (the interest rate shall be determined by the pricing committee in the Islamic sector and submitted to the treasury sector) to be compatible with the controls and procedures of granting Murphy).

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