Islamic Fauri Business Finance

Overview

Swift Financial Solutions for Growing Businesses!

Askari Bank’s Islamic Fauri Business Finance (AFBF) is a Shariah-compliant solution designed to provide swift financing support for new-to-bank obligors. Tailored to meet short, medium, and long-term business requirements, it ensures quick access to funds, empowering businesses to address their immediate needs while planning for sustainable growth.

Fuel your business ambitions with Askari Islamic Banking today.

Key Features

Features	Criteria
Applicant Legal Structure	All except individuals
Business Age	No limit
Nature of Finance	AFBF-1: Running Finance AFBF-2: Term Loan AFBF-3: Letter of Guarantee AFBF-4: Letter of Credit – Sight/Usance
Max Financing Amount	Max Rs. 200 Mn (For all products)
Pricing	AFBF-1: 3MK /COD +1.50% AFBF-2: 12 MK /COD +2.0% AFBF-3: As per SOC AFBF-4: As per SOC
Tenor	AFBF-1: Up to 1 Year AFBF-2: Up to 3 Years AFBF-3: Up to 30 Months AFBF-4: At Sight / Usance period 120 days
Grace Period	Term Loan (Up to 03 Months)
Processing Charges	Flat @ Rs. 3,000/. (at the time of initiating and on each renewal) Legal/Documentation charges (At Actual)
TAT	Turnaround time (TAT) for disposal of the approval is fixed to 03 days from the date of pre-approval completion of documents.
Collateral Type	Lien on AKBL deposit CA/SA/ TDR, including 3rd party (LCY/FCY) Lien Over National Saving Certificates (NSC) including joint name/owner

How to Apply

To view the instruction guide for Applying SME Financing, please Click Here
To view Frequently Asked Questions related to Askari Fauri Business Finance, please Click Here

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