AL Habib Islamic Diminishing Musharkah
- The Customer and Bank purchase asset in which ownership is created jointly. The Bank leases its share to the customer and the customer purchases units (of Bank's ownership in the asset) at periodic intervals. Upon purchase of all the units, the customer becomes the sole owner of the asset.
- This product is suitable for financing of fixed Assets such as for construction / purchase of Godowns, Warehouses, Storage Units and Commercial Properties, Plant, Equipment and Commercial Vehicles (Fleet Financing).
AL Habib Islamic Ijarah
- Ijarah is technically referred to give something on rent. The Bank uses this product for medium and long term financing purposes where the Bank acquires the asset required by the customer and then leases it to the customer for a fixed period.
- This product is used for the financing of Fixed Assets such as Plant, Machinery, Equipment and, Commercial Vehicles.
Step-Wise Process/Procedure of Financing
- Customer approaches the Branch and requests for credit facility.
- Upon completion of required documentation by the customer; the branch will complete the formalities.
- Upon approval of credit request; Branch coordinates with the customer for signing and acceptance of the required documentation in line with SBP PR's, Bank's internal policies, and credit approvals.
A Small Enterprise (SE) is a business entity which meets the following parameters:
| Number of Employees | Upto 50 (including contractual employees) |
| Annual Sales Turnover | Upto Rs.150 million |
Medium Enterprise (ME) is a business entity, ideally not a public limited company which meets both the following parameters:
| Number of Employees | Upto 51- 250 (for Manufacturing & Services Sector) Upto 51-100 (for Trading Sector) |
| Annual Sales Turnover | Above Rs.150 million upto Rs.800 million |
Based on the following SBP’s PRs and business need of the customers.
| For ME – Maximum financing allowed | Upto Rs.200 million (total from all banks). |
Profit is charged by applying the applicable benchmark (KIBOR, LIBOR & IERF) in addition to bank’s spread.
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