Islamic Export Refinance Schemes
The State Bank has been striving to ensure that the credit requirements of the genuine exporters from the banking system are not effected. In order to ensure smooth flow of credit to the genuine exporters Askari Ikhlas offers refinance facilities under the schemes offered by State Bank of Pakistan to facilitate the eligible exporters under the following modes of financing.
Export Refinance Scheme
The Refinance facilities are offered under Islamic modes of financing to cater short-term needs of the Direct/Indirect Exporters as eligible under SBP’s EFS. Askari Ikhlas, through its designated branches, provides export financing facilities to exporters for exports of all permissible manufacturing goods especially value-added products in both Part-I and Part-II as per the original Export Refinance Scheme of the State Bank of Pakistan.
| Description | Specific Details |
| Underlying Mode: |
|
| Target Market | Direct/Indirect Exporters as eligible under SBP EFS |
| Purpose: | To provide short term financing facilities to exporters for exports of all permissible manufacturing goods especially value added products. |
| Maximum Limit |
|
| Expected pricing /Return | SBP IERS rate + Bank’s margin (as per SBP Policy) |
| Maximum Tenor | 180 days from the date of shipment |
| Repayment by Customers | Export proceeds or as guided by the SBP |
| Security/Collateral | Adequate security, collateral or other arrangements acceptable to the bank and as provided in the relevant manual of Islamic mode of financing and SBP’s prudential Regulation. |
