A medium to long-term financing facility used to finance capital assets such as plant, machinery and vehicles.
Bank bears the risk of the asset throughout the Ijarah tenure
Flexibility to choose between ﬁxed and ﬂoating rate
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
Under this facility, the bank acquires the asset needed by the customer and then leases it to the customer for a ﬁxed period.
Note: Terms and Conditions apply. Charges to be applied as per effective Islamic Schedule of Banking Charges (I-SOBC)