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Askari Bank
Askari Bank

Diminishing Musharaka / Ijara

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Loan Limit Range
PKR 500K - 200M
Markup Rate
3 month KIBOR + 2.5% - 4.5%
Max Tenure
Up to 5 years
Eligible Sectors
Agriculture, Manufacturing, Services, Trading

Eligibility & Qualification Criteria

  • Customers having good business profiles, track record, cash flow.
  • Able to meet the obligations.
  • Shariah mindset.
  • Positive approach towards growth as well as repayment of obligations.

Financing Scope & Purpose

  • Purchase of Dairy/Livestock/Poultry Machinery
  • Purchase of Agricultural Machinery and Implements
  • Purchase / Construction / Renovation of Building
  • Purchase of Land
  • Purchase of Machinery and Equipment

Required Documentation Checklist

  • Financing request/application.
  • Bank account statement of last 6 months.
  • Last 3 years audited financial statements.
  • Financial projections up to the tenor of financing.
  • Copy of CNIC individual / partners /directors Partnership deed (in case of AOP) Memorandum & Article along with Form A & 29 (In case of limited company)
  • Copy of Utility Bills.
  • Copy of latest income tax return.
  • Copy of trade/association document.

Collateral & Security Requirements

  • Cash Collateral in shape of lien over account, deposit certificates etc.
  • Mortgage of property. Hypothecation of plant & machinery.
  • Charge over assets in case of limited companies. Personal Guarantees. Any other security acceptable to bank.
D
Danish Saleem
Vice President
Meezan House, C-25 Estate Avenue, SITE،, Shershah Colony
City: Karachi
Call 021-38103500 Ext-3735 Compare with Other Banks