Employee Banking Services Financing

EBS - Financing

Only for employees of those companies maintaining payroll account with BankIslami

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

Smart Phone



Split ACs


Deep Freezers



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)

درکار دستاویزات

• 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
Cost Price 50,000
Down Payment 7,500
Net Financing 42,500
Monthly Installment = Net Financing * 1.25% + Net Financing /Tenure in Months
= 42,500  *  1.25%  +  42,500 / 12
= 531  + 3,542
= 4,073
Step by Step Guide for Bike and Durable Financing
Step # 1: Select product from product list provided by Bank.
Step # 2: Obtain Application Form and Declaration of Financing from your company’s HR/ Admin or Click to Download.

Step # 3: Fill Application Form and provide below listed documents to your company’s HR/Admin or directly to BankIslami Employee Banking Department.

  • Copy of CNIC
  • Last Three months’ salary slip
  • Employment Letter (confirming tenure, designation and salary)
  • Last six months bank statement (required only if not maintaining account in BankIslami)
  • Declaration of financing

Step # 4: Once case is approved and confirmed by the bank, you need to deposit processing charges, documentation charges and minimum down payment in your pool account communicated by bank’s representative (Note: Account opening in BankIslami is mandatory).

Step # 5: Accept and sign minimum documents like Offer Letter, Key Fact Sheet and Musawamah Agreement.

Step # 6: Get your desired product. For durable goods, vendor will deliver product at your doorstep. For Bike, Bank will advise you to get delivery from selected locations.

Fatwa of Consumer Bike Finance
Fatwa Consumer Durable Finance
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