Simplify your life by opening your bank account at IFB
Opening this account will allow you to deposit all the receipts that are related to the activity of your company: cash, checks, transfers of the customers, commercial bills ……
To open an account at IFB, simply go to one of our branches with all the required documents. The IFB current account guarantees you the following benefits:
Advantages:
List of documents to provide:
An account opening request specifying the type of account requested and the persons authorized on this account
Among the solutions proposed by the IFB to finance the creation, the extension or the modernization of your company, we offer a whole set of possibilities of financing in the short, medium and long term and which are adapted to your type project.
Mourabaha
Form of financing that allows the customer to make a purchase without having to take out an interest-bearing loan.
The Bank purchases a good and then sells it to the customer at cost price plus a profit margin set by agreement.
The Mourabaha contract specifies in particular the nature of the good, the purchase price, the exchange rates, the cost price, the profit margin, the selling price, as well as the conditions of delivery and payment. Mourabaha can relate to domestic or foreign trade operations.
Ijara
A lease agreement under which the Bank buys property for a customer and then leases it for a specified period.
Moudharaba
Investment Partnership. Financing technique used by Islamic Banks in which the capital is fully provided by the Bank while the other party manages the project.
The profit is distributed between the two parties according to a ratio that should be determined at the time of signing the contract. The financial loss is the responsibility of the owner of the capital; the loss of the manager being the opportunity cost of their own labor force that has failed by not generating a surplus of income.
Moucharaka
Investment Partnership. The Bank and the customer participate together in the financing of a transaction and jointly assume the risk in proportion to their participation. Profit or loss is distributed between the client and the Bank on a basis determined in advance by the parties.
Istisna
Contract by which the manufacturer agrees to produce and deliver a commodity at a given price and at a specified future date.
Salam
Contract providing prepayment of goods delivered subsequently. No sale is possible if the goods do not exist at the time of the contract but this type of sale, which is an exception, is allowed provided that the goods are defined and the delivery date set.
We guarantee that you can achieve all of your ambitions….
The bank guarantee is an operation in which the IFB undertakes to replace its client in the event of a default: it thus guarantees the performance of the obligation to pay. Market sureties allow businesses to gain the trust of their clients in the realization of a given market.
The different securities on the market that exist at the IFB are as follows:
Simple transfers
OPT for a simple and secure international payment solution
Settling an import or cashing an export in a very simple way?
This is a transfer from a foreign account to an IFB account (the request must be made to the foreign bank) or a transfer from an IFB account to a foreign account (the request must be made to the IFB)
The transfer is, as far as possible, made within 48 hours.
Advantages
Payment abroad with ease on both import and export
Execution of the transfer within a short time.
Documentary Credit (CREDOC)
Benefit from our know-how for your documentary credit operations
For all your international transactions, the IFB assists you as the issuing bank for your documentary credits.
It will always propose a solution adapted to your type of activity (import / export). For more information, please contact your account manager.
This technique meets a double requirement:
Advantages
Provide the exporter with a bank commitment from the importer’s bank and separate from the actual payment from the importer (the bank committing itself to pay, even if the importer has difficulties)
Provide assurance to the importer that payment of their bank will only be made if the seller demonstrates that he has properly performed all of his contractual obligations.
The IFB is your ally for the optimization of your documentary remittances abroad.
Attentive to the needs of its customers in international exchanges, the IFB is the reference bank for the management of documentary remittances for export as well as for import.
A solution adapted to your type of activity (import / export).
You are an importer and you regularly buy from abroad. You are not prepared to provide an advance, a guarantee of payment or to use a documentary credit in favor of your supplier.
However, you are ready to guarantee your solvency from the moment you receive the goods that were sent you.
You are an exporter and you are negotiating a deal with a foreign buyer. Due to the small amount or history of your relationship with the buyer, you do not want to go through a documentary credit.
The IFB can accompany you in the realization of your documentary discounts.
Advantages
A simpler procedure than the documentary credit and which does not require any line of financing
A powerful banking formula