MED-ENEC - Energy Efficiency in the Construction Sector in the Mediterranean


External cooperation programmes - European Commission


Name of Financing Organisation: 
Islamic Development Bank (IDB): Awqaf
Type of Financing Organisation: 
Development bank
Saudi Arabia
Type of Measures/ Technologies: 
Energy Efficiency
Mitigation activities
Renewable Energy
Solar Hot Water
Solar Heating
Solar Cooling
Countries eligible for financing: 
Many countries (please check with the organisation)
Eligible to: 
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: Website:
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