Items Needed
Items Needed
Fatwa Update History
Requirements for
An Islamic Commercial Loan
Items needed to apply for Islamic Commercial Loan
Commercial Finance Topics
The following Items will be Required for your application
- Three Year Tax Returns (Business / Personal).
- YTD Financial Statements including Balance Sheet.
- Last Two Month Bank Statements (Bus. / Pers.)
- Organization Documents (Corporate Papers).
- Executive Summary (Business Plan).
- 3 Year Income and Expense Projection.
- For Existing Business Purchase – Need Operating History.
- For Construction – Plans / Contractor Estimates.
Studies / Reports That May Be Required
Appraisal – Valuation of Business / Real Estate / Inventory
Environmental (not always required)
Transaction Screen
Phase I ESA
Phase II ESA
Phase III Remediation
For New Construction
Soils Reports
Architectural / Construction drawings
Engineering
Traffic Studies