NRSP Rozgar Murabaha Solar Product
A current account with no minimum balance requirement operating under the Qarz –e– Hasna basis
Underlying Islamic mode | Murabaha |
Acceptable currency | PKR |
Type of product (Corporate, SME, Agriculture, Consumer, Commodity Finance, etc.) | (Green Energy) Business, Agriculture, and consumer |
Minimum and Maximum financing limit | Minimum limit PKR 500,001/- Maximum 1,500,000/- |
Tenure (minimum and maximum) | Minimum 3 months Maximum 60 months |
Basis of pricing/return | As per SOC |
Target Customers | Commercial, Agriculture & Domestic (Household) |
Target Customerst | PLS Account holders |
Security/collateral Required | Passbook, Mutation, Property mortgage, undated Cheques, Salary Transfer |
Other salient features/services | For the purchase of Solar Plates, Turbines, Tub-well, Electrical Solar equipment, and Grid systems for energy needs. |
Launch date of the product | With the approval of SBP |