Islamic Kissan Evergreen Finance

Overview

Empowering Farmers & Nurturing Growth Shariah-Compliantly!

Askari Bank introduces Islamic Kissan Evergreen Finance, a Shariah-compliant financing facility tailored to empower farmers in meeting their essential crop production needs. This solution provides financial assistance for the purchase of seeds, fertilizers, pesticides, herbicides, weedicides, and for covering labour and other related expenses. Structured as an Islamic Running Finance/Revolving Credit facility, it ensures farmers enjoy flexible and timely access to funds, enabling them to sustain productivity and growth throughout the crop cycle.

Apply today and strengthen your harvest with Askari Islamic Agriculture Finance.

Key Features

Description	Specific Product Details
Product Name	Askari Islamic Kissan Evergreen Finance
Underlying Mode	Any shariah compliant mode approved by shariah board but not limited to Salam, Murabaha and Musawamah In case of long-Term financing, preferred mode is Diminishing Musharakah (DM)
Target Customer	Entities (Corporate Farms) Partnership Individuals
Age of Customer	Purchase of seeds, fertilizers, pesticides, herbicides, and weedicides Covering labor charges, water and electricity charges Establishing and maintaining orchards and nurseries Purchasing manual sprayers Sericulture Apiculture
Financing Limit	As per assessed credit requirement of applicant by bank
Pricing	3 Months KIBOR + 5.5%
Maximum Tenor	Up to 3 years

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