← Interest Free Banking Financing: Practitioner

Contracts, takaful, disbursement and files

Module 09 / 9 · 55 min

Prepare, sign and register contracts, arrange takaful cover, check every condition before paying out, pay suppliers directly, and keep a complete file.

In this module you will learn to

Prepare and form IFB contracts, including contracts for renewable facilities
Register contracts and securities with the authorities and arrange takaful cover
Check disbursement conditions on a complete and an incomplete file, and pay suppliers directly
Keep, prune and dispatch the financing and security file, and set up follow-up

Built on

Erudite Africa training outline: Interest Free Banking Financing, Three-Level Course, Level 2 Practitioner (October 2026)
A typical Ethiopian bank's IFB financing business procedure (May 2025), unnamed: definitions, governance, roles, modes, products, processing, pricing, collateral and disbursement
AAOIFI Sharia'h Standards, including No. 8 Murabaha, No. 9 Ijarah, No. 10 Salam and No. 11 Istisna'; the host bank's Sharia'h Advisory Committee rulings take precedence in that bank
NBE Directive No. SBB/72/2019, Licensing and Authorization of Interest Free Banking Business; Directive No. SBB/91/2024, Bank Corporate Governance; Directive No. NBE/INT/13/2026, Interest Rates (As Amended)
NBE Foreign Exchange Directive No. FXD/01/2024 as amended, including Directive No. FXD/05/2026

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.