Funder
Registration
When you register as a Funder with ALAMI, you will not be charged with any fee.
Tax
The return received by the Funder has not been taxed. Tax reporting on the Returns received, including calculation, payment, and reporting, is the personal responsibility of the Funder.
Ujrah Range Based on the Risk Profile of funders
Every time a financing request is submitted, the beneficiary will undergo a Risk Assessment Criteria analysis from ALAMI team. This will determine the Ujrah fee decision that will be received by Funder for each funding given. The range will be as below:
Beneficiary
Registration
As a potential beneficiary, you will not be charged any fee to submit financing request to ALAMI.
Tax
As a beneficiary, you will need to pay the taxes charged. You will need to upload your withholding tax slip so that the Funders can access the document from their dashboard.
Personal Guarantee
When you submit a financing request, you need to submit a personal guarantee or a guarantor deed from the company’s shareholders. This guarantor deed will need to be signed in front of an authorized notary and you as a beneficiary will need to pay the guarantor deed and signing fee to the notary.
Ujrah Range Based on the Risk Profile of Beneficiaries
Every time a financing request is submitted, including your submission, the beneficiary will undergo a Risk Assessment Criteria analysis from ALAMI team. This will determine the Ujrah fee decision that will be applied in a given financing scheme, including yours. The range will be as below: