Islamic Sahar Agriculture Finance

Overview

Empowering Women, Cultivating Growth!

Askari Islamic Sahar Agriculture Finance is a Shariah-compliant facility dedicated to empowering women farmers. It provides tailored financial support to help them meet their agricultural and development needs, with loan amounts determined by the bank’s assessment of each applicant’s requirements.

Apply today and take your farming forward with Askari Islamic Agriculture Finance.

Key Features

Description	Specific Product Details
Product Name	Askari Islamic Sahar Agriculture Finance
Target Customer	Women Farmers (Owners/Tenant) – New to Bank women farmers may be encouraged for their financial inclusion and there should be no compulsion for having existing banking relationship.
Purpose	To meet agriculture Production and Development needs of women farmers as per SBP list of “Indicative Credit Limits & Eligible Items for Agriculture Financing” in line with Askari Kissan Finance Products.
Financing Limit	Tier 1: Clean up to Rs.1.00M Tier 2: Secured for any amount
Rentals/Pricing	For working capital: 3MK+300 bps For construction & purchase of assets: 6MK + 300bps
Repayment by Customer	Monthly/Quarterly/ Half Yearly (as per facility approval) or as per crop cycle/cash flow
Maximum Tenor	Up to 1 year
Security/ Collateral	Tier 1 (Clean financing) PG of customer PG of male relative of Customer (Brother, Father, Son husband) having existing financing relationship with AKBL (availing collateralized facility) with satisfactory repayment and subject to availability of cushion in security held with approved margins. An undertaking to be provided by the customer that she or her family members are not availing clean facility from any Bank/Financial Institution. In case of crop financing, cultivation proof/khasra gardawri will be held on record in the name of customer as per policy. An undertaking from male relative guarantor will be arranged that his collateral security shall be released by Bank upon complete adjustment of his own and female customer liabilities. Tier 2 (Secured Financing): Hypothecation of assets/livestock (where applicable). Tractor Vehicle to be Registered under HPA in joined name of Customer and Bank. 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)

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