Consumer Financing

Home Finance

Everyone wants to live in a comfortably affordable home. This means being able to manage other financial commitments while still having money left over for extras and unexpected expenses.

Auto Finance

Ijarah is a rental agreement that allows a client to benefit from an asset under agreed-upon terms and conditions. This Shariah-compliant financing option, offered by Askari Ikhlas Islamic Banking, is designed to meet the car financing needs of our valued customers.

Fixed Rental

Lock in a stable and predictable rental rate with AKBL Ijarah Bis Sayyarah. Now offering a fixed rental rate for the entire tenure of the facility.

Personal Finance Secured

Askari Bank Limited (AKBL) offers Islamic Personal Finance (Secured), a Shariah-compliant solution for immediate liquidity. Whether for education, weddings, medical costs, or emergencies, this facility provides a Halal alternative to conventional loans.

Corporate Financing

Murabaha

At Askari Bank, our Murabaha Financing allows your business to grow without compromising on your values. We purchase the goods you need—whether raw materials, inventory, or equipment—and sell them to you at a mutually agreed price with a transparent profit margin.

Musawamah

With Askari Bank’s Musawamah, trade becomes simpler and more flexible. You can negotiate prices without the need to disclose costs, giving you the freedom to focus on growing your business. It’s an ideal solution for businesses engaged in buying and selling goods.

Ijarah Financing

Ijarah is a contract whereby the owner of an asset, other than consumables, transfers its usufruct to another person, for an agreed period, for an agreed consideration. In Ijarah, the corpus of the leased asset remains in the ownership of the lessor and only its usufruct is transferred to the lessee.

Salam

Salam financing solution designed for working capital needs of businesses through an advance payment against deferred delivery of goods. Under this contract, the seller agrees to supply specific goods (known as Al-Muslam Fihi) to the buyer at a future date, with the price fully paid in advance at the time the contract is established.

Diminishing Musharakah

Diminishing Musharakah is a form of co-ownership in which two or more persons share the ownership of a tangible asset in an agreed proportion and one of the co-owners undertakes to buy in periodic installments the proportionate share of the other co-owner until the title to such tangible asset is completely transferred to the purchasing co-owner.

Running Musharakah

The Bank and the customer enter into a Musharakah agreement based on Shirkat-ul-Aqd. Under this arrangement, both parties invest jointly in the identified primary operating activities or any specific segment of the customer's business. The profits or losses generated from the Musharakah are shared between the Bank and the customer according to the agreed Profit Sharing Ratio (PSR).

Istisna

Istisna is a mode of sale, at an agreed price, whereby the buyer places an order to manufacture, assemble or construct, or cause so to do anything to be delivered at a future date. The commodity must be known and specified to the extent of removing any ambiguity regarding its specifications including kind, type, quality and quantity etc.

Finished Goods Financing

Askari Islamic Finished Goods financing is a (Musawamah) Sale & Agency based financing facility. The facility offers short to medium-term working capital financing facilities to Local/Export-based customers involved in the manufacturing and/ or trading of finished goods.

Islamic Export Refinance (IERF)

Islamic Export Refinance (IERF) by Askari Bank is a Sharia-compliant financing solution for corporate and SME clients, using modes like Murabaha, Musawamah, or Istisna. It offers financing based on the SBP refinance rate, with tenors and limits aligned with SBP regulations.

Letter of Credit (LC)

Askari Bank’s Islamic Banking Division (AKBL-IBSD) offers Sharia-compliant Letters of Credit (LCs) in three ways: Sight LCs under a Master Murabaha Facility Agreement (MMFA) or Agency Agreement, Usance LCs without MMFA/Agency Agreement, and Usance LCs under MMFA/Agency Agreement.

Letter of Guarantee (LG)

AKBL-IBSD provides Sharia-compliant Letters of Guarantee (LG) for various purposes, including Bid Bonds, Performance Bonds, Advance Payment Guarantees, Retention Money Guarantees, Maintenance Guarantees, Payment Guarantees, Financial Guarantees, and Shipping Guarantees.