Because milestones keep you moving forward
Business owners can make the most of the opportunity to obtain a cash advance on work that their companies are yet to perform. Our Contract Financing solution comprises milestones and payments based on project progression. SIB's unique, Sharia compliant structure helps businesses to avail finance based on creditworthiness.
Reap all the benefits
Our resident experts not only specialize at understanding your business requirements, but are also able to build comprehensive finance structures based on need or customer profile.
From Letters of Guarantee (Letters of Credit) and project funding, to short-term financing for liquidity management, our team combines a variety of products with absolute ease.
They are also equipped to effectively manage cash flows via several cash management tools.
Over and above our core services, we also offer effective Online Banking solutions, host-to-host, and many other tools that can help you monitor activity and perform day-to-day banking quickly and conveniently.
Contract Finance – what's in it for you?
Project-specific and general limits
SIB provides Contract Finance per specific project requirements or as a general limit, in close coordination with customer need, credit-worthiness and overall performance.
All types of guarantees
Customers can gain access to a comprehensive range of guarantees, including bid bond, performance bond and advance payment guarantees, as well as any other related guarantee types required to finalize the contract awarded to their business.
Financing against progressive payments
Finance solutions that can help in bridging the working capital gap during the term of the project.
SIB continuously strives to better understand and improve customer experiences with state-of-the-art transaction banking and digital services, as well as a variety of innovative features and benefits.
- Our Corporate Banking solutions aim to increase your wealth and help you achieve your business goals
- Increase your wealth and make your business goals a reality with Corporate Banking
- Trust our experts to help you get the ideal solution based on footprint, industry and size of your business
Utility payment
It’s easy, quick and convenient. Utility bills can be paid via SIB Online Banking, at a branch, or at any of our ATMs across the network.
Cash delivery
For those looking to get a significant amount of cash delivered, there's no need to carry the risk of doing so in person. SIB delivers cash at specified locations safely, securely quickly and conveniently – while closely following all customer instructions.
Remote cheque scan
This unique service provides customers a way to deposit cheques without the hassle of having to visit a branch, waiting in lines and filling out paper forms. Cheques can be deposited by businesses via digital application from their office quickly and conveniently, with funds credited to the beneficiary's account instantly.
Business Service Unit
This centralized service center is dedicated to supporting corporate banking customers with services such as the submission of various security and transaction-related documents, and much more. The unit brings the bank and customer closer together, and coordinates with all related departments to execute day-to-day transactions.
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