A facility that caters to the working capital requirements of agricultural sector and manufacturers/exporters of homogenous commodities.
Can be used by customers to ﬁnance overheads and utilities cost
Ideal for agricultural ﬁnancing needs.
Customer or primary sponsor must be a Pakistani resident
Minimum length of business should be 3 years
Customer to provide acceptable collateral as per bank’s requirement
How to apply
Applicant to provide:
Original CNIC along with veriﬁed copy
Customer’s audited ﬁnancial statements and disclosures
Proprietorship declaration/partnership deed/latest Form 29
Copy of collateral documents
Other documents as per bank’s policy
It is a sale whereby the seller (customer) delivers speciﬁc goods to the buyer (bank) at a future date in exchange of a price fully paid in advance. Upon delivery of the goods to the bank, the bank appoints the customer as its agent to sell the goods in the market.
Note: Terms and Conditions apply. Charges to be applied as per effective Islamic Schedule of Banking Charges (I-SOBC)