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CBK's Approval on the Full Conversion of Gulf Bank to Operate in Accordance with the Provisions of Islamic Sharia'a and to Proceed with Completing the Conversion Procedures

 

Ahmad Mohammad Al Bahar
Gulf Bank Chairman
 

  • "Approval reflects our strategic vision and commitment to meeting the aspirations of customers and shareholders"

Benefits

  • You can tailor the amount and term to match your business needs.

  • You can repay and redraw with ease of flexibility to fund business outflows at short notice.

  • You do not have to ?lock in ? to unfavorable long-term interest rates, instead you have the option to choose the optimum borrowing amount and term accordingly.

  • It can be used to finance a wide range of working capital needs.

Features

  • A Revolving Term Loan can be made available on either a secured or unsecured basis, subject to status.

  • Term and amount can be mutually agreed and reflects your individual company requirements and of course your ability to service the debt.

  • Revolving Term credit Facilities are an important component in the package of financial solutions provided by Gulf Bank.

  • The ability to repay and redraw the facility enables you to effectively control interest expense.

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