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
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
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
BankIslami
Registered / Head Office
11th Floor, Executive Tower, Dolmen City, Marine Drive, Block-4, Clifton, Karachi.
English 
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