| Description | Specific Product Details |
| Product Name | Askari Islamic Kissan Gulban Finance |
| Underlying Mode |
For AIKGF - 1: Salam For AIKGF - 2: Murabahah |
| Target Customer | Any individual/ entity directly involved in agribusiness (as per SBP agricultural PRs) |
| Purpose |
AIKGF - 1 Cultivation/growing of flowers for decorative / export purpose. AIKGF – 2 Purchase of seeds, fertilizers, pesticides, herbicides, weedicides maintenance of farm machinery/ implements etc. Purchase of packing material for cut stems, etc. |
| Financing Limit | As per assessed credit requirement of the applicant by the bank. |
| Rentals/Pricing | 3MK+550 bps |
| Repayment by Customer |
For AIKGF - 1 Through sale proceeds of Salam Goods For AIKGF - 2 Monthly/Quarterly/ Half Yearly or as per Facility Approval |
| Maximum Tenor | Up to 1 year |
| 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) |
