Employee Banking Services Financing

EBS - Financing

BankIslami offers a unique Shariah Compliant Islamic financing of its kind, through which employees of our Corporate/Commercial/SME
clients can avail Bike & durable goods on easy monthly installments. It’s a pack of Riba-Free products & attract those
salaried individuals who are interested in financing on easy installments.

Salient Features
https://bankislami.com.pk/wp-content/uploads/2021/12/EBS-Bike.jpg
Bike Financing
  • Shariah Compliant Bike Financing Scheme, based on Shariah concept of Musawamah
  • Flexible Payment Options for 1,2 and 3 years
  • Financing limit PKR 35,000 to 300,000
  • Minimum Down Payment – 15%
  • Low Monthly Payment
https://bankislami.com.pk/wp-content/uploads/2021/12/EBS-Durable.jpg
Durable Financing
  • Shariah Compliant Consumer Durable Financing, based on Shariah concept of Musawamah
  • Flexible Payment Plan for 6 to 36 months
  • Financing limit PKR 35,000 to 2,000,000
  • Minimum Down Payment – 15%
  • Low Monthly Payment
Product Offering
Laptops Smart Phone Bikes
Generators Split ACs Refrigerators
Deep freezers LEDs Treadmills
Basic Eligibility Criteria

• Citizenship: Pakistani, Adult, Permanent resident
• Age + Tenor: 21 – 60 years old at maturity
• Income (PKR): 30,000/- (Gross Salary)
• Down Payment: Upto 15% of Market Price
• Tenure (on job):
i) Permanent (6 months with the company, total 1 year working experience)
ii) Contractual ( 1 year with the company, total 2 year working experience)
• Processing Fee: PKR 1200/- (inclusive of FED)

Documents Required

• Copy of applicant’s CNIC
• Last three months’ salary slip
• Employee Letter (with tenure, designation and salary)
• Last six months’ bank statements
• Declaration of financing

Tentative Monthly Installment Calculator
Monthly Installment = Net Financing * 1.25% + Net Financing /Tenure in Months
= 42,500  *  1.25%  +  42,500 / 12
= 531  + 3,542
= 4,073
Cost Price 50,000
Down Payment 7,500
Net Financing 42,500
Fatwa of Consumer Bike Finance
Fatwa Consumer Durable Finance
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