1.0Sharakahhttps://sharakah.om/ar/rich600338<blockquote class="wp-embedded-content" data-secret="x7xdfICIiX"><a href="https://sharakah.om/ar/services/funding-process/">عملية التمويل</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://sharakah.om/ar/services/funding-process/embed/#?secret=x7xdfICIiX" width="600" height="338" title="“عملية التمويل” — Sharakah" data-secret="x7xdfICIiX" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://sharakah.om/wp-includes/js/wp-embed.min.js </script> Funding Process Introduction Screening Credit Check Submission of Documents Appraisal Committee Decision Promoter Decision Legal Documentation Disbursement 01 Introduction Meet with the Promoter (provide an overview of Sharakah’s services and schemes and explain the requirements and the consultation services) 1-15 Days Sharakah Filling the guest information in the inquiry database. Promoter Submission of the Business Plan, Audited Financials (past 2 years), Applicant’s Resume and other documents as instructed by Sharakah. 02 Screening Ensuring that the plan is viable and the promoter is committed to the business. 2-5 Days Business plan is not viable Regret Letter/e-mail issued explaining the reasons for declining the application and offering a chance for the applicant to submit another/revised business plan. Business plan is viable Inform Promoter that business plan is viable and explain the upcoming process including providing information for Credit Check from Malla. Business Idea Viable but More Info is Needed Identify gaps in the business plan and request revised business plan/additional information. 03 Credit Check Check the credit history of the Applicant 3-15 Days Promoter Fill and sign Malla from and submit to Sharakah. Sharakah Obtain and review Malaa report. If the Promoter is A Defaulter Inform him/her/them that the application cannot be processed unless proper justification is provided. If the Promoter isnot a Defaulter Inform him/her/them of the processing fee and share the checklist of all documents that needs to be prepared/submitted. Promoter has to provide any documents or information as requested by Sharakah to obtain credit committee approval to continue the process. 04 Submission of Documents Promoter has to submit all documents required based on the checklist as well as pay the processing fee. 2-5 Days Promoter Promoter has to pay the 2% processing fee and submit all documents as explained in the Checklist. If additional information or documents requested by the concerned committee, Sharakah will inform the Promoter. Sharakah Collection of: 2% Processing Fee. Checklist Documents. Sharakah Visit the site of the Project and (if applicable) the property (collateral security) 05 Appraisal Evaluate the business plan and all documents submitted 5-15 Days Sharakah Prepare Proposal for sanctioning after evaluating the business and conducting sensitivity analysis then submit the proposal to the concerned committee. 06 Committee Decision Members meet and issue their decision whether to approve, reject or ask for further information. 5 Days More informationneeded Request Promoter to provide additional information. Project is Approved Issue Offer Letter. Project Rejected Issue Regret letter with feedback Return half of the Processing Fee 07 Promoter Decision Promoter to take a decision whether they accept the terms of the Offer Letter, would like to negotiate or reject. 1-2 Days Discussion Requested Offer Letter Accepted Offer Letter is notAccepted 08 Legal Documentation Preparation and execution of legal documents. 2-5 Days Sharakah Prepare Legal Documents, send them to the Promoter and propose a signing date. Promoter Review the Legal Documents and confirm acceptance or send an email with queries or points that needs clarifications and agree on the signing date. Promoter Attend the signing date ensuring all shareholder and guarantors are present. 09 Disbursement Disbursement processing as per the agreed terms and conditions. 2-5 Days Promoter Submit Disbursement Request Letter Submit supporting documents Sharakah A pre disbursement visit & First Disbursement as per the agreed terms and conditions.https://sharakah.om/wp-content/uploads/2023/11/down-arrow-direction.png3238