Askari Islamic Kissan Murghban Finance

Key Features

Description	Specific Product Details
Product Name	Askari Islamic Kissan Murghban Finance
Underlying Mode	For working Capital: Musawamah For construction & Purchase of assets: Diminishing Musharakah
Target Customer	Any individual/ entity directly involved in agribusiness (as per SBP agricultural PRs)
Purpose	For working Capital: Purchase chicks, feed Purchase of vitamins, vaccination and other medicines. Purchase of fuel and packaging material. For construction & Purchase of assets: Purchase/ construction of Sheds including controlled environment farms, machinery equipment etc. Construction and Machinery of de-feathering and chicken waste processing/rendering unit
Financing Limit	As per assessed credit requirement of the applicant by the Bank.
Rentals/Pricing	For working Capital: 3MK+550 bps For construction & Purchase of assets: 6MK+550 bps
Repayment by Customer	In equal Quarterly/ Half Yearly/at maturity or as per Facility Approval
Maximum Tenor	For working Capital: up to 1 year For construction & Purchase of assets: Up to 10 years (including grace period of up to 6 month
Security/ 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)

No documents available.