Education funding is a product provided by the Bank to meet the needs of individuals for all educational levels. it is starting from the basic stage until the university stage, and after the university for professional degrees. The service works on two tracks: the educational institutions track and the individuals track. Funding is guided by lease an Islamically licensed formula. It is not in conflict with controls and publications of the Central Bank.
Micro-Finance is any in-kind or service financing granted to an individual or group of individuals in solidarity to help them produce and provide services whose income comes from the proceeds of their sale. Productive projects with preferential advantages are priority in financing.
Micro-Finance targets clients of all agricultural & livestock activities, trade and services. It also targets economically active crafts. The crafts client must have monthly incomes below twice the minimum wage, must have productive assets not exceeding 10 thousand pounds, and does not benefit from official sources of funding.
Small Finance is the financing granted individually or collectively to finance a project or activity whose size exceeds the ceiling of Micro-finance and does not exceed an amount of one million five hundred thousand pounds for a single transaction or as determined by the Central Bank of Sudan.
Personal Finance is a customized product to meet all the customer's in-kind needs. Through it, the customer can, via installments to the bank, purchase and possess a variety of goods and services provided by the market. Financing is based on profit rates that are the most competitive in the market compared to sellers.
Eligibility to apply: It is required that the age of the applicant for funding is not less than 21 years and that his calculated age up to the end of the funding period is not more than 68 years.
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