Contracting Finance*
NIB has recognized the need to have a focused approach towards contracting and construction, given the amount of activity in this sector in the region.
Our dedicated and well qualified team understands the requirements of large complex projects and provides effective Shariaa compliant solutions to contractors undertaking projects around real estate development, electrical & mechanical, infrastructure, oil & gas, power & water, etc.
Our contracting finance unit provides the following:
- Letter of Guarantee that are required in accordance with the contracts’ terms.
- Letters of Credit with Murabaha facility.
- Financing project funding requirements and other working capital needs.
- Foreign Exchange.
