Rowwad Foundation offers tailored financing solutions for the IT sector aimed at enabling smart and innovative projects, while supporting the creation of additional employment opportunities and advancing sustainable development objectives.
Program Beneficiaries
The program targets small and start-up IT companies with a minimum operational history of two years.
Financing Purposes
- Purchase of fixed assets.
- Working capital financing (sales and purchase)
Key Features
- Financing of up to USD 25,000.
- Competitive interest prices.
- Flexible collateral requirements and terms.
- Repayment terms of up to five (5) years for fixed asset financing.
- Repayment terms of up to thirty-six (36) months for working capital financing.
- Grace period of up to three (3) months (subject to the type and duration of the financing).
- Fast-track financing/ loan approval procedures.
Types of Financing
- Commercial Financing (Conventional)
- Islamic Financing
Collateral / Guarantees
Rowwad accepts a diversified range of collateral and guarantee instruments, subject to the borrower’s repayment capacity, including but not limited to:
- Post-dated cheques / monthly promissory instalments aligned with the financing/loan repayment schedule (As per Rowwad’s policy).
- Financing / loan agreement.
- Duly executed promissory note (debt instrument).
- Personal guarantees (sureties).
- Gold pledge as collateral security.
- Any other acceptable forms of collateral.
*The product is subject to terms and conditions.
