Small and Medium Sized Enterprises (SMEs) drive economic growth by stimulating innovation, acting as a competitive spur to existing businesses to increase their productivity and making a disproportionately large contribution to job creation. BankIslami Pakistan Ltd is dedicated in supporting SME business with all the products and services available through its branch banking network. The products and services are offered to SME clients strictly under Shariah modes.
|Number of Employees||Annual Sales Turnover||Financing Allowed|
|Upto 50 *||Upto Rs.150 Mn||Upto Rs. 25 Mn|
* including contractual employees
However, in cases where an entity fulfills one parameter of SE and its second parameter falls within the range prescribed for medium enterprise (ME) or above the upper limit prescribed for ME, then the subject entity shall be classified as ME or commercial/corporate entity as the case may be.
* Age of the individuals/sole proprietors should be up to 60 years, deviation in the same up to 65 years can be allowed by approving authority of BankIslami.
Medium Enterprise (ME) is a business entity, ideally not a public limited company which meets the following parameters:
|Number of Employees||Annual Sales Turnover||Financing Allowed (Maximum per party)|
|51-250 for Manufacturing and Service ME
51-100 for Trading ME
|Above Rs.150M and up to Rs.800M for all types of ME||Rs.200M (including leased assets) exposure from single or all banks.|
*In cases where an entity fulfills one parameter of ME and its second parameter falls above the upper limit prescribed for ME, the subject entity shall be classified as commercial/corporate entity as the case may be.
BankIslami offers all basic banking services to suit your routine business needs.
To Understand the Difference between Islamic Liability side and conventional Liability side kindly click
Following are the Working Capital Financing products:
Islamic Export Refinance
To Understand the Difference between Islamic Assets side and conventional Assets side kindly click
Following are the Medium and Long term financing products:
To Understand the Difference between Ijarah and conventional Lease kindly click
To Understand the Difference between Diminishing Musharakah and Conventional Long Term Financing kindly click
Establishment of Letter of credits (Sight / Usance) and registration of Contract
Collection of export documents
Letter of Guarantee
Flexible pricing (floating / fixed with revision monthly/Quarterly/Half-yearly/yearly).
Long term: Monthly / Quarterly / Half-yearly
Short term: As agreed between client and the bank
Charity @ 20% per annum will be received after due date which will be credited to Charity account.
Private Limited Company:
How I/we can obtain credit facility application form?
Which type of Security bank Prefer against financing?
Is there any Islamic Banking product available as an alternative to conventional banking product of Running Finance (RF) / Overdraft?
Which type of Credit facility can I avail from BankIslami?
All Banks/DFIsDear Sirs/Madam,
Risk Sharing Facility for SBP Refinance Scheme to support employment and prevent layoff of workers
Please refer to IH&SMEFD Circular No. 06 and 07 of 2020 dated April 10, 2020 regarding SBP Refinance Scheme to support employment and prevent layoff of workers.
2. With a view to incentivize banks/DFIs for financing to SMEs and small corporates under above mentioned schemes, Government of Pakistan has approved budgetary allocation for ‘Risk Sharing Facility for State Bank of Pakistan (SBP) Refinance Scheme to Support Employment and Prevent Layoff of Workers’. Accordingly, the risk sharing facility is being provided with immediate effect, with following key features.
Note: In case of non-repayments, after being classified as ‘Loss’ (as per the classification criteria laid down under respective SBP Prudential Regulations, credit loss subsidy claim will be paid by the GOP).
|Security arrangements will be as per executing agency’s own credit policy after taking into account the factor of this risk sharing facility. Hence, banks are encouraged to facilitate collateral deficient borrowers. In any case, banks will not be asking for additional collaterals over and above 60% of the principal amount and markup thereon.|
|Banks and DFI assigned limits under SBP scheme will be eligible Executing Agencies (EAs).|
|EAs shall develop and implement robust mechanism to ensure that the loans are utilized for intended purpose only.|
|Development Finance Support Department (DFSD), SBP BSC will manage operational aspects of the risk sharing facility. DFSD will submit data under the risk sharing facility on quarterly basis to the Finance Division.|
|EAs shall submit credit loss subsidy claims to DFSD on quarterly basis within 15 working days after the end of each quarter. DFSD after scrutiny of the claims shall submit the same to Finance Division, GOP. FD will release payment against submitted claims within 15 working days. Upon receipt of subsidy from GOP, SBP BSC Karachi will credit the account of EAs with the subsidy amount.|
3. The banks/DFIs are advised to ensure immediate implementation of ‘Risk Sharing Facility for SBP Refinance Scheme to support employment and prevent layoff of workers’ and facilitate the eligible businesses to avail financing under this facility.
(Dr. Mian Farooq Haq)
You can access the same circular via State Bank’s website by clicking on the following link: