Corporate

Companies Financing

Companies Financing

Through Tadhamon Finance the bank can offer you many financing forms such Murabaha or Musharakah and Ijarah in the form of Murabaha, you can own a house, shop, or any real estate with an independent ownership certificate . and we assure you that all these services are Sahariah compliant.

Murabaha finance:

After an agreement is reached between the client and the bank on the profit that will be added to the actual price of the estate, the bank buys the estate and then sell it to the client on installments. 

Musharakah and Ijarah finance:

  • According to this kind of finance, the bank and the client share in buying one house and each of them has a fixed part of the capital as stated in an agreement singed by both parts.
  • The client leases the bank's share for a specific period during which she pays leases installments.
  • When the period is over, the bank transfers its share of the house to the client. 
  • Tadhamon real estate finance applies the Ijarah Principle of finance .

Commercial Services

Commercial Services

We always work in Commercial services Dept. to facilitate and overcome the difficulties which may face our customers while importing and exporting process from/to Yemen. Services offered by the Bank are significant, competitive and taking-the-lead services compared with services offered by other local, international, Islamic and commercial banks working in Yemen.

 

 

This pioneering heading comes as result of the Bank acquisition of almost 30 % market share of export LCs and to Bank prestige for several consecutive years that shapes our excellent international reputation among Yemeni local banks.

Tadhamon Bank is classified No. 1 among Yemeni Banks. We have a net of worldwide correspondents which is growing day after another as customers’ trust of the Bank increases.

Therefore, we, the Bank, put ourselves in great responsibility to offer significant services which our costumers look for and fitting them.   For that, we are keen that our goal, which we are longing to in a clear way, is moving parallel with our customers’ goals. This is to promote our services that are conducted by skilled and trained minds that have experience in international trade and its possible risks.

In addition, the Bank involves actively in building our dear country and participates in its progress and prosperity by the help of pure and loyal Yemeni minds. This building process could be achieved by facilitating commercial exchange process and involving in economic growth of Yemen.      

Import LCs Service:

This bank service is designed to facilitate and ensure the commercial exchange between the local importer and external exporter. This is to ensure that goods delivered save and sounds and exporter receives goods value. This is to be done through a net of our worldwide correspondents in order to enhance the Bank-Dealers mutual trust.  Tadhamon Bank offers all types of import LCs such as self-funding LCs, Morabaha LCs and speculation LCs.

Export LCs Service:

By this bank service, exporter’s LCs are being received and Bank local customers being informed in order to process goods and documents. This service is offering all suitable expediting to encourage export movement. This will be reflected positively on improving local currency price by exchanging foreign currencies. This process offsets cash losses caused by importing process and encourages local production and markets it internationally

Import Documentary Collection Service:

Due to the trust between bank and its dealers, the Bank sends the documents directly from the international exporter to the local importer and collects fees on this process. The Bank here plays the mediator role by collecting fees according to the correspondent bank and beneficiary’s instructions, delivering documents, paying to offshore beneficiary and providing all kinds of collections (i.e. self-funding, Morabaha collections).

Export Documentary Collections Service:

Charged documents are being offered by the local beneficiary in order to export goods. Documents are being circulated and sent to the offshore bank according to instructions. Then the offshore bank delivers documents and collects fees to the benefit of the offshore bank customer.

External Guarantees Service:

Guarantees issued by our Bank to a beneficiary are considerably accepted in all banks worldwide due to the financial and international good reputation and widespread of correspondent banks that we deal with. The Bank offers all types of guarantees such as advance-payment guarantee, payment guarantee, proper implementation guarantee … etc.

External Counter-Guarantee Service:

TIIB is considered to be the best destination of offshore banks as so many incoming export guarantees from external banks directed to local beneficiaries mostly for government agencies. Government agencies do not accept guarantees form banks located outside Yemen therefore offshore banks are forced to choose local Yemeni banks to issue a text and content counter-guarantee on its behalf for the benefit of the government agency. 

Current Account

Current Account

It is on request deposit for individuals and corporations, through which you can deposit and withdraw cash, send and receive transfers in and out the bank. 

For more information: 

Please visit the nearest branch of the Tadhamon International Islamic Bank 

or call (00967 1 666666).

Advantages:

  • Account confidentiality
  • The possibility of involving two or three individuals in the account
  • Available for citizens, residents, and immigrants.
  • Opening the account for free
  • Available for the following currencies: Yemeni Rial, Saudi Rial, US Dollar, Euro, British Pound.
  • Making local and international transfers
  • Fulfilling all banking formalities ( opening credits, letters of guarantee, documentary credits, and Murabaha)
  • Having Tadhamon ATM card
  • Withdrawing 24 hours all week days
  • Suitable to receive the profits of the Tadhamon investing deposits
  • Having a chequebook
  • Getting a balance summary for all the transactions on your account
  • Cheque withdraw from any branch of the bank without referring to the branch issuing the Cheque
  • Dealing with your account through any branch of the bank
  • Islamic law rules compliant

Requirements:

  • Visit the nearest branch of Tadhamon International Islamic Bank to fill the opening account request form and attach the following:
  • A formal letter from your (company / institution) to open the account including the names of the individuals authorized to manage the account
  • a copy of a valid commercial Register along with the original for matching
  • a copy of a valid license along with the original for matching
  • a copy of ID (personal / family) or a valid passport for the individuals authorized to manage the account along with the original for matching
  • a copy of the regulations of the company / institution with a limited responsibility approved by they bodies of concern
  • a copy of the foundation contract of the company / institution approved by they bodies of concern
  • the minimum amount for opening the account is 50.000 YR, 2000 SR, 500 US dollars, or the corresponding amount n Euro.
  • filling the request form for opening the account

Profit:

  • The current account balances have no profit.
  • Do not share profits or losses.

 

Financial Institutions

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2005

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2000

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1999

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1998

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1997

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1996

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Standard Settlement Instructions list

Qustomer Questionnaire

Services applied by us

1- What is your name?
2- What is your job?
3- What is your job?