A financing facility that enables customers to purchase raw material, finished goods, etc to fulfill their business needs.
Ideal Shariah compliant option for short-term ﬁnancing needs
Flexible payment options - spot, deferred or in installments
Customer or primary sponsor must be a Pakistani resident
Minimum length of business should be 3 years
Customer must meet the bank’s as well as applicable regulator’s policies
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
Under this mechanism, the bank purchases and acquires the underlying asset and then sells it to the customer by disclosing the cost and proﬁt at the time of sale execution.
Note: Terms and Conditions apply. Charges to be applied as per effective Islamic Schedule of Banking Charges (I-SOBC)