Long-term Islamic financing
Long-term Islamic Financing
More about financing
Long-term Islamic financing from Ipak Yuli Bank is a halal solution designed for entrepreneurs who want to grow their business in full compliance with Sharia principles.
This financing format is ideal for purchasing equipment, machinery, furniture, production capacities, and other real assets that strengthen your company. Everything is transparent: a pre-agreed markup, a clear payment schedule, no interest, no penalties, and no hidden conditions.
You focus on growing your business — we ensure the halal structure of the transaction.
About the Product
Halal and transparent
• Financing without interest and penalties
• Structured under the Murabaha model — a Sharia-compliant sale with a fixed markup
• Every transaction undergoes Sharia review
Created to support your business growth
• Suitable for small, medium, and large enterprises
• Financing applies only to real assets — money itself is not sold
• Ideal for purchasing equipment, machinery, furniture, or buildings
Reliability with international support
• Financing is provided through the EEFU line — the Economic Empowerment Fund for Uzbekistan
• Funds are allocated under an international program supporting MSMEs through Sharia-compliant mechanisms
Benefits
• Maximum amount: 100,000 USD – 3,000,000 USD
• Term: up to 60 months
• Markup: starting from 12%
• Currency: USD / UZS
• Collateral: real estate, equipment, or third-party guarantees (per bank policy)
• Review time: 3–10 days
• Only Sharia-compliant business activities are eligible
How Islamic financing works:
1. You provide an import contract for the equipment or asset
2. We submit your project to EEFU for approval
3. Once approved, you sign the Murabaha agreement
4. EEFU pays the supplier, and you receive the asset on deferred payment terms
Why it’s beneficial for your business
• Full Sharia compliance — no interest, no penalties
• Transparent conditions — you know the final price upfront
• Financing real assets — strengthening long-term business stability
• Full support at every stage — documentation, approvals, and Sharia consultation
• Long-term solution — up to 60 months
• Backed by an international support program — financing through EEFU
How to get the financing?
Important to know
Required documents to get the service
• Request letter
• Incorporation documents
• Financial statements
• Collateral documents
Requirements for borrower
The core activity of the project company must comply with Islamic Sharia.
Financing is not provided to companies offering interest-based financial services, or those involved in alcohol, pork products, weapons, tobacco, gambling, nightclubs, pornography, or any other activities prohibited by Sharia.
Questions and answers
Islamic financing does not involve any interest. Instead, the bank purchases goods or equipment and resells them to the client on deferred terms with a fixed markup — this is called Murabaha. You know exactly how much you are paying and what for. Everything is transparent, with no hidden fees.
Mainly the purchase of equipment, machinery, or raw materials. Financing is only provided for real assets that comply with Sharia. For example, products related to alcohol, gambling, or tobacco are not eligible.
No penalties or fines apply. All terms are agreed in advance and remain unchanged throughout. It’s fair and contract-based
Yes. All transactions are reviewed by the bank’s internal Sharia board. We finance only activities permitted under Islamic law and ensure all documentation follows Sharia principles
No, the markup in Murabaha is not interest. The bank first purchases the goods (e.g. equipment) itself and then resells them to the client on deferred terms at an agreed price. It’s a traditional Sharia-compliant sales contract, not a loan. The full amount is known from the start, with no hidden charges or overpayments — transparent, interest-free, and fully compliant with Islamic principles.
EEFU is a national fund established in 2025 aimed at supporting small and medium-sized businesses in Uzbekistan through Islamic (halal) financing. The fund is managed by an international company, funded by major international institutions, and enables entrepreneurs to acquire equipment, asset purchases, and necessary funds for business development through Shariah-compliant financial models (including Murabaha). In addition, it provides technical and consulting support.