|
 FCB CEO exchanges business relationship MOU with the late abdulrazak Ali, Chairman of Hass Petroleum. At FCB we have developed financing products that are innovative and flexible so that they can be customized to the requirements of our business clients thus enabling those clients to realize optimum value from the benefits and practicality of Islamic Finance. We undertake various financing transactions for our business clients using different Instruments of Finance. Some of our financing transactions include:
Working Capital Finance
We have created for our customers innovative Working Capital Finance solutions; fast and on favourable terms structured in full accordance with Sharia Compliance. Whether you are a Sole Proprietor, a Partnership, a Limited Liability Company, an SME or a large Corporation, visit any of our branches and our experienced relationship officers will help you get the right Working Capital support that you deserve for your business.
 Trade Finance
The Bank is geared to handle all forms of trade related services in the form of letters of Credit or Guarantees. Whether importing for local consumption or for re-exports, FCB has appropriate solutions, tailor-made to the requirements of our customers. Our Trade Products are envisaged to provide quick, efficient and seamless processes and are not complicated in terms of analysis and turnaround time. Our Trade Finance activities include the following:
We Provide both import and export letters of credit to our business clients. Our letters of credit services assure our clients timely payments from buyers and little worry or concerns about paying their suppliers. For instance, our Import Letters of Credit enables our clients to define the exact conditions under which their suppliers will be paid and if necessary we will require that third party inspections are undertaken to ensure that the goods are the ones you ordered.
The choice of a trade finance provider is vital in a world where both speed and attention to details are crucial.
This is an undertaking by the bank as a Guarantor to pay the beneficiary of the guarantee a specified sum should the bank’s customer fail or default. FCB offers its customers various guarantees e.g. Bid Bonds, Performance Guarantees, Advance Payment Guarantees, Shipping Guarantees, Custom Bonds, Transit Bonds, Immigration Bonds and other forms of sureties. These are based on the Islamic concept of Kafala i.e. a contract of guarantee or surety given by one party to discharge the liability of a third party in the event of default.
FCB delivers relevant commercial documents to an importer against payment/acceptance according to the collection instructions. Collections are ideal for those traders who have established good supplier-buyer relationships.
Asset Finance
We make it easier for our business clients to acquire their required assets with speed and ease, all in a sharia compliant manner. Using the different Instruments of Finance available to us, we finance all types of assets including the following:
- Heavy transport machinery such as Prime Movers
- Driving schools and car hire fleets
- Agricultural (farm) machinery
- Industrial equipment
- Small scale transport vehicles
- Vans and pick ups
For instance, over the past one year, we financed a large number of transport machinery for different clients, including fleets for driving schools amongst them a major transaction for Rocky Driving School which is one of the largest driving schools in Kenya.
Real Estate Financing
 Monali park FCB is quickly taking position as the partner of choice for commercial & real estate developers. It is our intention to play a major role in supporting Real Estate development projects to alleviate the shortfall in housing in Kenya with an emphasis on financing the acquisition and construction of all types of commercial, residential and industrial properties across the country.
Our Real Estate financing solutions are designed to be flexible and can be simply adapted to suit your precise requirements, and have the overriding benefits of being Sharia compliant.
For instance in Construction Finance, the bank granted financial support to various projects including Monali Park, a modern residential house development located in Nairobi's South 'C' suburb. The project which is being developed on the concept of a gated community, comprises of 111 detatched and semi-detached town-houses. The Bank's financing line is largely a bridging finance facility to back the project.
|
FCB Branch Network
Our ATM Network
PesaPoint ATM Network
Instruments of Finance
Glossary of Islamic Banking Terms