Auto Finance facility is based on Diminishing Musharakah under Shirkat-ul-Milk arrangement. Under this joint partnership agreement, BankIslami Pakistan Limited share in vehicle is represented by Musharakah units.
Upon purchase of all Musharakah units, you will become the sole owner of the vehicle.
BankIslami is offering Islami Tractor Finance facility under Prime Minister’s Kamyab Jawan Program to Agri. farmers involved in Growing of Crops based on Islamic Mode of Financing under the principle of Diminishing Musharakah which enables farmers to purchase New Tractors on subsidized rates to enhance crop yield and increased income.