Wakala Bil Istithmar

Wakala Bil Istithmar is a type of Islamic investment arrangement where a Fawry MSME (Muakil) appoints the client (Wakil) to invest its funds in a Shariah-compliant way. The Wakil earns a fee for managing the investment, and the profits are shared according to an agreed-upon ratio.

Segments:

    • Microfinance*: up to EGP 266,000
    • Very Small Business*: up to EGP 2,000,000
    • SMEs*: up to EGP 20,000,000

Product Details:

  • Tenor (Maturity): from 6 months to 36 months.
  • Purpose of the loan:
    • Working capital.
    • Activity operation expansion and Working capital finance.
    • Financing for the investment.
  • Disbursement method: Cash, bank transfer or credit (digital money) into Fawry account.
  • Guarantor/s: applied (based on Client Segment and Wakala Amount).

Conditions:

  • Business experience: not less than 12 months.
  • Client’s age: from 21 up to 70 years’ old. (based on Client Segment and Wakala Amount).
  • Business type: Trade, Manufacturing, Services and Industrial.

Documents:

  • A valid national ID for the customer and guarantors.
  • Ownership or rental contract for housing or utility bill.
  • Ownership or rental contract for the business activity.
  • Copy of the commercial register and tax card or operating licenses (based on type of activity).
  • Business photos.
  • Other documents based on Client Segment and credit assessment.

How to Apply:

  • Website
  • Hotline
  • Fawry MSME Official Social Media Accounts
  • Mobile Application (تمويلك فوري)

 

* T&C of each segment are applied.