Description

Al Dhameen program allows Qataris or Qataris in partnership with foreigners who own a small and medium-sized business to obtain a guarantee of 85% of the value of the fund granted to them, to be provided to the financing bank after applying directly to one of the banks participating in the program, provided that the amount does not exceed 15 million QR. The program aims at facilitating the opportunity of obtaining the necessary financing for the owner’s project from the banks participating in the program. The applicant should submit directly to one of the banks participating in the program.

Online Instructions

• Choose Products and Services list found on QDB’s homepage, and then choose Al Dhameen from the Financial Products lists. 
• To apply for the program, choose "Apply Here" on the service information page.

Enter the required data and attach the following documents:

• QID of the owner or partner
• Business Model - Feasibility Study
• CV 
• Choose Al Dhameen from the list of "Services you are interested in” 
• Enter the verification word 
• Agree on the terms and conditions
• Submit the application

Additional Information 

• All main sector business activities are eligible for support under AL Dhameen, except the following sectors: agriculture, fishing and livestock, non-oil mining and quarrying, wholesale and retail, financial, insurance and real estate.
• A single project can obtain more than one financing through Al Dhameen, which issues guarantee letters for each financing separately. In this case, the total value of issued guarantees should not exceed QR 15 million per project.
• If the Qatari business owner has more than one project – two at the most – he can obtain two separate guarantee letters, provided the total amount of the guarantees does not exceed QR 20 million.
• The Bank shall approve funding above this limit at its discretion. The coverage of the participating bank remains the same throughout the term of the loan, while the level of guarantee provided by QDB declines in conjunction with the repayment of the term loan.
•  Participating banks may grant loans higher than the approved limit, but we must set the guarantee limit, as we see convenient, on a case-by-case basis.

A company that is applying for a financing from one of the participating banks must have the following attributes:

• The application must be submitted under a Qatari citizen ownership (QID card). 
• The project to be financed should be among the sectors supported and financed by the Bank.
• The company must have a technical and economic feasibility study of the project.
• The company must have its headquarter in the State of Qatar (for existing and emerging projects).
• The company must comply with the Qatari law governing commercial companies
• The company must obtain all licenses required for the project.
• For more details, you can check the service information page on QDB’s website.