Enterprise Finance

Enterprise Finance
Overview

BisB in association with Tamkeen is here to help enterprises grow. In addition to comprehensive banking packages, BisB also provides expert business solutions, which means easier access to capital, as well as personalized guidance to help bring visions to life.

What are the products offered by BisB under Enterprise Financing?
  • Auto and Equipment Financing
    Minimum Limit: BD10,000.
    Maximum Limit BD500,000.
    Maximum Profit Rate: 8% reducing(4% subsidised by Tamkeen)(APR starting from 4.6093%)
    Processing Charges BD150 flat, paid cash by the customer
    Takaful Life Insurance Individual policy covering the full amount and duration of finance.
    Grace Period: 2 months.
    Maximum Duration: 10 years.
     
  • Working Capital Financing
    Minimum Limit: BD10,000.
    Maximum Limit BD500,000.
    Maximum Profit Rate: 4% reducing.
    Processing Charges BD150 fixed fee.
    Takaful Life Insurance Individual policy covering the full amount and duration of finance.
    Grace Period: 2 months.
    Maximum Duration: 10 years.
     
  • Trade Finance Transactions
  • Minimum Limit: BD10,000.
    Maximum Limit BD500,000.
    Processing Charges BD150 flat, paid cash by the customer.
    Takaful Life Insurance Individual policy covering the full amount and duration of finance.
    Grace Period: 2 months, from the date of disbursing the fund to the beneficiary.
    Finance Duration: 2 years, subject to Bank’s approval.
Eligibility
Eligible Enterprises

Any enterprise should comply with the following to be considered eligible for the finance scheme:

  • To have a valid and active Commercial Registration (CR) alongside all the required licenses for conducting the business activities.
  • To be established and conducting business in the Kingdom of Bahrain for at least 2 years.
  • To present Audited Financials of the last 2 years.
  • To have acceptable turnover and financial ratios to BisB.
  • To comply with Labor Market Regulatory Authority (LMRA) Bahrainization requirements and fees payment.
  • Enterprises and owners must have clean credit history and not be listed in the CBB abuser list.
  • The owner must be less than 65 years old upon the maturity of the finance.
Excluded Enterprises

The following Enterprises are excluded:

  • All Real Estate related Enterprises.
  • All Brokerage Houses.
  • All Financing Companies.
  • Enterprises partially or fully owned by any of BisB’s or Tamkeen’s employees.
  • Any Enterprises with non Shari’a compliant activity.

In addition to the Enterprise Finance, BisB offers Information Communication Technology (ICT) solutions. These finances are thoroughly designed to assist you with enhancing the efficiency and productivity of your Enterprise.

To find out more about the finance schemes, eligibility, and application requirements please visit your nearest BisB branch and ask to meet with an Enterprise Finance Consultant.

Required Documents

To apply for BisB’s Enterprise Finance in collaboration with Tamkeen, applicants must provide the following documents:

  • Two valid Identifications.
  • The Commercial Registration (CR).
  • Labor Market Regulatory Authority (LMRA) fees payment receipt.
  • Labor Market Regulatory Authority (LMRA) Bahrainization report.
  • Audited financials of the last 2 years.
  • The electricity bill of the last 6 months.
  • 1 year Bank Statement.
  • Article and Memorandum of Association.
  • Company profile.
  • Board resolution.
  • A letter specifying the purpose of the finance.