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NRSP Rozgar Ijarah Above 1M

A current account with no minimum balance requirement operating under the Qarz –e– Hasna basis

Underlying Islamic mode Ijarah
Acceptable currency PKR
Type of product (Corporate, SME, Agriculture, Consumer, Commodity Finance, etc.) SME, Agriculture, and transporters
Minimum and Maximum financing limit Minimum limit PKR 1,000,001/- Maximum limit 2,000,000/-
Tenure (minimum and maximum) Minimum 12 months Maximum 60 months
Basis of pricing/return As per SOC
Target Customers SME, Agriculture & transporter
Security/collateral Required Cash Security, Post-dated Cheques, Demand Promissory Note
Other salient features/services For the purchase of Tractor, Car, Bolan , Pick up and mini truck etc.
Launch date of the product With the approval of SBP