| Description | Specific Product Details |
| Product Name | Askari Islamic Green House & Tunnel Finance |
| Underlying Mode | Diminishing Musharakah |
| Target Customer | Any individual/ entity directly involved in agribusiness (as per SBP agricultural PRs) |
| Purpose |
a. Construction of Green House & Tunnels for growing off season vegetables/fruits etc. in controlled environment. b. Purchase of Green House Equipment/Technology, including portable tunnels. |
| Financing Limit |
80% of construction cost (excluding value of land) 80% of Purchase Price of Green House Equipment /Technology |
| Rentals/Pricing | 6MK+550 bps |
| Payment by Customer |
Rental + Principal (Units) In equal half Yearly/ Yearly or as per Facility Approval |
| Maximum Tenor | Up to 5 years including grace period of 3 to 6 months |
| 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) |
