Islamic Refinance Scheme for Working Capital Financing of Small Enterprises and Low-End Medium Enterprises

Eligibility & Qualification Criteria

• Financing is allowed for working capital requirements only, i.e. mainly for financing stocks (receivable financing is not permitted in Islamic banking)

Financing Scope & Purpose

Available for working capital, machinery & equipment purchase, business expansion, and trade financing.

Required Documentation Checklist

• Company profile.
• CNIC of all sponsors
• SBP's LAF
• Audited or Management Financing.
• Exact utilization of funds.
• Repayment plan.
• Future cash flows.
• Other documents/information may be required considering the sector where the client operates.

Collateral & Security Requirements

• For well-established companies, FBL may allow financing against personal guarantees and hypothecation of current or fixed assets.
• For larger exposures, hypothecation over current or fixed assets with tangible collateral will be required.