Commercial Document Checklist

Our Islamic Financing Requirements for Commercial Properties

The below checklist will assist you in putting together the information that a licensed commercial lender will require. The list below is basically a good starting point, but it is likely that more information will be needed; a more detailed downloadable checklist is available.

  • Executive summary/business plan (detailed summary of the project describing the basic concept of what the organization is seeking to do, including property information such as the address, purchase price, down payment, overall project plan, and the history of the organization)
  • Articles of organization for entity (documentation providing the incorporation of a company, LLC, and/or corporation)
  • Personal Financial Statement filled out (form is attached to be filled out)
  • Business Financial Statements including cash flow, income, and expenditures for past 3 years (year-end balance sheet, income statements, profit, and loss statements for 3 years) (interims-past 90 days financial statements)
  • Copy of bank statements for past 2 months (personal and business, all pages must be included)
  • Tax Returns for past 3 years (personal and business)
  • Pro Forma PNL and balance sheet projection for the next two years
  • Copy of purchase agreement or property/business ownership docs (purchase agreement between seller and buyer that has been ratified by both parties or a Letter of Intent/Commitment of purchasing the property)
  • Construction – a copy of plans (PDF format) and contractor estimates (if applicable)
  • Ijara Loans Commercial Packet

Documents Required From Each Guarantor

  • Personal Financial Statement filled out and signed by the guarantor
  • Tax Return for most recent 3 years (personal and business)
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