Information:
Name of Financing Organisation:
Islamic Development Bank (IDB): Awqaf
Type of Financing Organisation:
Development bank
Country:
Saudi Arabia
City:
Jeddah
Type of Measures/ Technologies:
Energy Efficiency
Insulation
Mitigation activities
Renewable Energy
Shading
Solar Hot Water
Solar Heating
Solar Cooling
Countries eligible for financing:
Many countries (please check with the organisation)
Eligible to:
Other
Type of Financing:
Equity financing
Financing range (EUR):
The authorized and subscribed capital of APIF is US$ 57 million divided into 5,700 "A"
Description & Conditions:
Type of financing:
Installment Sale - Maximum period of 8 years
ii. Ijara Muntahia Bitamleek - Maximum financing period is between 5 - 7 years and can, on exceptional basis, reach 15 years including a gestation period of up to 3 years
iii. Istisna'a:
a) Pre-shipment Financing: For up to 3 years including 1 year gestation.
b) Project Financing: For up to 8 years including 3 year gestation.
iv. Musharaka Mutanaqisa
v. Equity
vi. Mudaraba
Financing requests may be sent direct to the AMD at the contact address given below, and should indicate the purpose of financing, amount requested, proposed mode of financing, and required duration. A basic information form should be attached to the financing request to which other documents should also be attached including the company‗s and the project‗s legal documents, last three-five years audited financial statements.
Adviser-in-Charge
Asset Management Department
P.O. Box 5925
Jeddah 21432
Kingdom of Saudi Arabia
Phone: ++966-2-636-1400
Fax: ++966-2-644-8087 or 646-7824
Email: amd@isdb.org
Website: http://www.isdb.org/
Link:
[ back ]

