{"id":79775,"date":"2026-02-04T10:43:00","date_gmt":"2026-02-04T05:43:00","guid":{"rendered":"https:\/\/bankislami.com.pk\/?page_id=79775"},"modified":"2026-02-04T10:54:27","modified_gmt":"2026-02-04T05:54:27","slug":"faqs","status":"publish","type":"page","link":"https:\/\/bankislami.com.pk\/ur\/gold-based-financing\/faqs\/","title":{"rendered":"FAQS"},"content":{"rendered":"<section id=\"bt_bb_section6a27acd704152\" class=\"bt_bb_section bt_bb_layout_boxed_1200 bt_bb_vertical_align_top bt_bb_top_spacing_medium bt_bb_bottom_spacing_normal\"  data-bt-override-class=\"null\"><div class=\"bt_bb_port\"><div class=\"bt_bb_cell\"><div class=\"bt_bb_cell_inner\"><div class=\"bt_bb_row  bt_bb_column_gap_20\" style=\"; --column-gap:20px;\" data-bt-override-class=\"{}\"><div class=\"bt_bb_row_holder\" ><div  class=\"bt_bb_column col-xl-12 col-xs-12 col-sm-12 col-md-12 col-lg-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_animation_fade_in move_up animate bt_bb_padding_normal\"  data-width=\"12\" data-bt-override-class=\"{}\"><div class=\"bt_bb_column_content\"><div class=\"bt_bb_floating_element bt_bb_floating_element_horizontal_position_left bt_bb_floating_element_vertical_position_top bt_bb_floating_element_animation_delay_default bt_bb_floating_element_animation_duration_default bt_bb_floating_element_animation_style_ease_out\" style=\"transform: translate(-15%,-120%); z-index: -1;\" data-speed=\"0.6\"><div class=\"bt_bb_floating_element_html\" data-speed=\"0.6\"><span  style=\"width: 50px; height: 50px; box-shadow: 0 0 0 3px #ccb892 inset; border-radius: 50%;\"><\/span><\/div><\/div><div class=\"bt_bb_separator bt_bb_border_style_none bt_bb_top_spacing_none bt_bb_bottom_spacing_small\" data-bt-override-class=\"{&quot;bt_bb_top_spacing_&quot;:{&quot;current_class&quot;:&quot;bt_bb_top_spacing_none&quot;,&quot;def&quot;:&quot;none&quot;,&quot;xl&quot;:&quot;none&quot;},&quot;bt_bb_bottom_spacing_&quot;:{&quot;current_class&quot;:&quot;bt_bb_bottom_spacing_small&quot;,&quot;def&quot;:&quot;small&quot;,&quot;xl&quot;:&quot;small&quot;}}\"><\/div><header data-bb-version=\"5.6.3\" class=\"bt_bb_headline btPeopleProfileDash bt_bb_font_weight_700 bt_bb_dash_none bt_bb_size_large bt_bb_align_center btPeopleProfileDash\" style=\";color:rgb(10,81,161);\" data-bt-override-class=\"{&quot;bt_bb_size_&quot;:{&quot;current_class&quot;:&quot;bt_bb_size_large&quot;,&quot;def&quot;:&quot;large&quot;},&quot;bt_bb_align_&quot;:{&quot;current_class&quot;:&quot;bt_bb_align_center&quot;,&quot;def&quot;:&quot;center&quot;},&quot;bt_bb_animation_&quot;:{&quot;current_class&quot;:&quot;bt_bb_animation_no_animation&quot;,&quot;def&quot;:&quot;no_animation&quot;}}\"><h4 style=\"font-size:50px\" class=\"bt_bb_headline_tag\"><span class=\"bt_bb_headline_content\"><span>Gold Financing<\/span><\/span><\/h4><\/header><div data-bb-version=\"4.9.8\" class=\"bt_bb_separator bt_bb_border_style_none bt_bb_top_spacing_none bt_bb_bottom_spacing_normal\" data-bt-override-class=\"{&quot;bt_bb_top_spacing_&quot;:{&quot;current_class&quot;:&quot;bt_bb_top_spacing_none&quot;,&quot;def&quot;:&quot;none&quot;},&quot;bt_bb_bottom_spacing_&quot;:{&quot;current_class&quot;:&quot;bt_bb_bottom_spacing_normal&quot;,&quot;def&quot;:&quot;normal&quot;}}\"><\/div><\/div><\/div><\/div><\/div><div class=\"bt_bb_row\"  data-bt-override-class=\"{}\"><div class=\"bt_bb_row_holder\" ><div  class=\"bt_bb_column col-xl-12 col-xs-12 col-sm-12 col-md-12 col-lg-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\"  data-width=\"12\" data-bt-override-class=\"{}\"><div class=\"bt_bb_column_content\"><div  class=\"bt_bb_text\" ><\/p>\n<div style=\"background-color: transparent; padding: 30px;\">\n<p><strong>What is Gold-Based Financing?<\/strong><\/p>\n<p>Gold-Based Financing is a Shariah-compliant consumer financing facility that allows customers to obtain financing against the pledge of their gold ornaments, while the gold remains safely secured with BankIslami until full settlement.<\/p>\n<p>The facility is offered strictly for genuine and Shariah-compliant personal needs.<\/p>\n<p><strong>Is this product Shariah-compliant?<\/strong><\/p>\n<p>Yes. This product is fully Shariah-compliant and approved by BankIslami\u2019s Shariah Board.<\/p>\n<p>The financing is structured on <strong>Tawarruq<\/strong>, using Shariah-compliant Mutual Fund Units (MFUs) as the underlying asset, in line with SBP and AAOIFI guidelines.<\/p>\n<p><strong>How is this different from conventional gold loans?<\/strong><\/p>\n<ul class=\"pad_left list_cst\">\n<li>No interest (Riba) is charged<\/li>\n<li>Financing is based on the sale and purchase of assets, not money lending<\/li>\n<li>Late payment charges are treated as charity, not Bank income<\/li>\n<\/ul>\n<p><strong>What is Tawarruq and why is it used?<\/strong><\/p>\n<p>Tawarruq is a Shariah-approved mechanism used to generate liquidity through:<\/p>\n<ul class=\"pad_left list_cst\">\n<li>Purchase of a Shariah-compliant asset<\/li>\n<li>Sale of that asset on deferred payment<\/li>\n<li>Redemption of the asset for cash<\/li>\n<\/ul>\n<p>This structure ensures asset-backed financing without Riba.<\/p>\n<p><strong>Can I use the financing amount for any purpose?<\/strong><\/p>\n<p>The facility is available for dire and genuine personal needs, including:<\/p>\n<ul class=\"pad_left list_cst\">\n<li>Medical expenses<\/li>\n<li>Education<\/li>\n<li>Marriage-related expenses<\/li>\n<li>Paying off conventional liabilities<\/li>\n<\/ul>\n<p>Any other purpose may require prior Shariah approval.<\/p>\n<p><strong>How much financing can I avail?<\/strong><\/p>\n<ul class=\"pad_left list_cst\">\n<li>Minimum: PKR 250,000<\/li>\n<li>Maximum: PKR 5,000,000<\/li>\n<li>Up to 70% of the net value of pledged gold (Bank Investment Ratio)<\/li>\n<\/ul>\n<p><strong>How is the value of my gold determined?<\/strong><\/p>\n<p>Your gold is valued inside the branch by BankIslami-approved goldsmiths based on:<\/p>\n<ul class=\"pad_left list_cst\">\n<li>Net gold weight and purity only (minimum 21 karat)<\/li>\n<\/ul>\n<p>Stones, alloy, wax, or other materials are excluded from valuation.<\/p>\n<p><strong>Where is my gold kept?<\/strong><\/p>\n<ul class=\"pad_left list_cst\">\n<li>Sealed in tamper-proof bags<\/li>\n<li>Stored in fireproof vaults<\/li>\n<li>Held under dual control<\/li>\n<li>Covered under Takaful for the entire financing tenure<\/li>\n<\/ul>\n<p><strong>Who can apply for Gold-Based Financing?<\/strong><\/p>\n<ul class=\"pad_left list_cst\">\n<li>Salaried individuals<\/li>\n<li>Self-employed professionals (SEPs)<\/li>\n<li>Businesspersons<\/li>\n<\/ul>\n<p>Subject to:<\/p>\n<ul class=\"pad_left list_cst\">\n<li>Minimum net disposable income of PKR 80,000<\/li>\n<li>Satisfactory credit history<\/li>\n<li>SBP and BankIslami eligibility criteria<\/li>\n<\/ul>\n<p><strong>What is the financing tenure?<\/strong><\/p>\n<p>You may choose a tenure between <strong>1 year to 4 years<\/strong>, with monthly instalments.<\/p>\n<p><strong>What is the profit rate?<\/strong><\/p>\n<p>The profit rate is linked to <strong>1-Year KIBOR plus approved spread<\/strong>.<br \/>The final rate is communicated through the Offer Letter.<\/p>\n<p><strong>Are there any processing or valuation charges?<\/strong><\/p>\n<p>Yes. Applicable charges include:<\/p>\n<ul class=\"pad_left list_cst\">\n<li>Processing fee as per the Bank\u2019s Schedule of Charges<\/li>\n<li>Gold valuation charges (paid at actual)<\/li>\n<li>Applicable government taxes (FED)<\/li>\n<\/ul>\n<p>All charges are disclosed upfront.<\/p>\n<p><strong>Is early settlement allowed?<\/strong><\/p>\n<p>Yes. Early or partial settlement is allowed.<\/p>\n<p>Any rebate on unearned profit:<\/p>\n<ul class=\"pad_left list_cst\">\n<li>Is not pre-agreed<\/li>\n<li>Requires Shariah approval<\/li>\n<li>Is granted at the Bank\u2019s discretion<\/li>\n<\/ul>\n<p><strong>What happens if I delay an instalment?<\/strong><\/p>\n<p>In case of late payment:<\/p>\n<ul class=\"pad_left list_cst\">\n<li>Charity is charged instead of penalty<\/li>\n<li>Charity is credited to the Charity Fund<\/li>\n<li>Charity does not form part of the Bank\u2019s income<\/li>\n<\/ul>\n<p><strong>Can the charity amount be waived?<\/strong><\/p>\n<p>Charity waiver may be considered only in genuine hardship cases, subject to Shariah approval and the Bank\u2019s authority matrix.<\/p>\n<p><strong>What happens if I am unable to pay the financing?<\/strong><\/p>\n<p>If instalments remain unpaid beyond the defined period:<\/p>\n<ul class=\"pad_left list_cst\">\n<li>The Bank may liquidate the pledged gold<\/li>\n<li>Proceeds are used to settle outstanding dues<\/li>\n<li>Any surplus is returned to the customer<\/li>\n<\/ul>\n<p><strong>What happens in case of the customer\u2019s death?<\/strong><\/p>\n<ul class=\"pad_left list_cst\">\n<li>Financing is settled through successors or Takaful (if applicable)<\/li>\n<li>Gold is released upon settlement<\/li>\n<li>Unclaimed gold may be auctioned<\/li>\n<li>Any surplus proceeds are returned to legal heirs<\/li>\n<\/ul>\n<p><strong>Can I get my gold back before maturity?<\/strong><\/p>\n<p>Yes, once all outstanding dues (including charity, if any) are fully settled and the formal settlement process is completed.<\/p>\n<p><strong>Is Takaful mandatory?<\/strong><\/p>\n<ul class=\"pad_left list_cst\">\n<li>Gold ornament Takaful is mandatory<\/li>\n<li>Life Takaful is optional (subject to availability)<\/li>\n<\/ul>\n<p><strong>How can I apply?<\/strong><\/p>\n<ul class=\"pad_left list_cst\">\n<li>Visit an authorized BankIslami branch<\/li>\n<li>Call Phone Banking: 111-ISLAMI (111-475-264)<\/li>\n<li>\u0627\u06cc \u0645\u06cc\u0644 <a href=\"mailto:support@bankislami.com.pk\">support@bankislami.com.pk<\/a><\/li>\n<\/ul>\n<\/div>\n<p>\n<\/div><\/div><\/div><\/div><\/div><\/div><!-- cell_inner --><\/div><!-- cell --><\/div><!-- port --><\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":72978,"parent":79768,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-79775","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/pages\/79775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/comments?post=79775"}],"version-history":[{"count":2,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/pages\/79775\/revisions"}],"predecessor-version":[{"id":79779,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/pages\/79775\/revisions\/79779"}],"up":[{"embeddable":true,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/pages\/79768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/media\/72978"}],"wp:attachment":[{"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/media?parent=79775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}