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.
Laptops | Smart Phone | Bikes |
Generators | Split ACs | Refrigerators |
Deep freezers | LEDs | Treadmills |
• 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)
• 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
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 |