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 |