Askari Islamic Financing, under the SBP Islamic Refinance and Credit Guarantee Scheme for Women Entrepreneurs (IRCGS-WE), is tailored specifically to empower women entrepreneurs. Offering accessible financing with competitive rates and a credit guarantee, this scheme aims to support women in launching and growing their businesses, fostering economic participation and growth
This initiative is in accordance with Letter No. IH&SMEFD/SMEFD/WE/2021-3136 dated March 17, 2021.
| Name of Product | Islamic Sahar Financing – SBP Islamic Refinance & Credit Guarantee Scheme for Women Entrepreneurs |
| Underlying Mode | Any Shariah-compliant financing mode can be applied based on requirements. |
| Purpose of Financing | Launching of new ventures and expansion of existing ones. |
| Target Customer | Women entrepreneurs across the country to meet the credit need of their business. |
| Customer Pricing | Rate of profit for end user under the facility will be as per SBP announced rate. |
| Maximum Financing Limit | PKR 5 Million. |
| Tenor & Grace Period | 5 Years including grace period up to 6 months. |
| Repayment | Equal Quarterly/Half Yearly Installment. |
| Security & Collaterals | Financing under this scheme will be provided to women customers, preferably under the personal guarantee of the customer. |
