Askari Islamic Kissan Livestock Development Finance is designed to help Pakistani farmers purchase livestock such as milch animals, goats, sheep, poultry, and fish in a Shariah-compliant manner, without incurring additional costs. This program enables farmers to generate regular income to support their household needs and sell any surplus. It aims to boost the farmer's income potential, improve their financial stability, and enhance their ability to repay loans. Financing is tailored to support the growth and sustainability of livestock-based farming operations.
| Description | Specific Product Details |
| Product Name | Askari Islamic Livestock Development Finance |
| Underlying Mode | Musawamah |
| Target Customer | Any individual/ entity directly involved in agribusiness (as per SBP agricultural PRs) |
| Purpose | Purchase of cattle/Milk animal, goat/sheep for rearing fattening/ Dairy Business. |
| Financing Limit | As per assessed credit requirement of the applicant by the Bank. |
| Rentals/Pricing | 6MK+550 bps |
| Payment by Customer | In equal quarterly/ half Yearly/ Yearly or as per Facility Approval |
| Maximum Tenor | Up to 10 years including one-year grace period for purchase of Livestock. |
| Security/ Collateral |
Primary Hypothecation of the Asset. Collateral Mortgage/ Charge on agriculture land through Zari Pass Book Or Registered/ Equitable of urban/ residential/ commercial property Or Pledge of duly discharged DSC (s)/ SSC (S)/ Banks’s own TDR/ Lien on deposit account (To the extent acceptable to Shariah) |
