Islamic Financing Products

ZTBL-islamic Loader Rickshaw Financing:

Islamic Loader Rickshaw financing is launched under the Islamic Tractor/Farm Transport Machinery Musharakah Financing Product on the principles of Diminishing Musharakah. The transaction starts with the formation of a partnership, between the Bank and the Customer, which enables customer to purchase an asset jointly with the Bank. During the financing period, the customer will periodically purchase the ShareslMusharakah units of the Bank’ along with payment of rent against the usage of outstanding Musharakah units owned by the Bank. Hence ownership of customer will be transferred accordingly. After purchase of all the Musharakah units of Bank by the Customer, the title of the asset will be transferred in favor of the customer.

Eligibility Criteria

1. All new as well as old creditworthy farmers, are eligible to get financing under the scheme, however preference will be given to those farmers who are already engaged in this agri. business/activity.
2. Pass BookiFard Jamabandi etc.
3. Valid copy ofCNIC. iv) Clear e-CIB report from SBP. v) Any other criteria as per Bank or SBP requirement.

ZTBL-Islamic Tractor Financing

Islamic Tractor financing is launched on the principles of Diminishing Musharakah. The transaction starts with the formation of a partnership, between the Bank and the Customer, which enables the customer to purchase an asset jointly with the Bank. During the financing period, the customer will periodically purchase the Shares/Musharakah units of the Bank along with payment of rent on the outstanding Musharakah units owned by the Bank. After purchase of all the Musharakah units of Bank by the Customer, the asset will be transferred in favor of the customer.

Eligibility Criteria

1. All new as well as old creditworthy farmers are eligible to apply for financing under the scheme
2. Pass Book/Fard Jamabandi etc.
3. Valid copy of CNIC
4. Clear e-CIB report from SBP
5. Any other criteria as per Bank or SBP requirement

ZTBL-Islamic Rice Transplanter Financing

Islamic Rice Transplanter financing is launched on the principles of Diminishing Musharakah. The transaction starts with the formation of a partnership, between the Bank and the Customer, which enables the customer to purchase an asset jointly with the Bank. During the financing period, the customer will periodically purchase the Shares/Musharakah units of the Bank along with payment of rent on the outstanding Musharakah units owned by the Bank. After the purchase of all the Musharakah units of the Bank by the Customer, the asset will be transferred in favor of the customer.

Eligibility Criteria

1. All new as well as old creditworthy farmers are eligible to apply for financing under the scheme.
2. Pass Book/Fard Jamabandi etc.
3. Valid copy of CNIC
4. Clear e-CIB report from SBP
5. Any other criteria as per Bank or SBP requirement.

Islamic Milk Chilling Unit Financing

Islamic Milk Chilling Unit is launched under Zarai Islamic Milk Processing & Preservation Financing. The purpose of the facility is to provide financing facility to the clients requiring financial support involved in the dairy milk collection business and its distribution. The transaction begins with the establishment of a partnership between the Bank and the Customer, allowing the Customer to jointly acquire an asset with the Bank. Throughout the financing period, the Customer will periodically purchase the Bank’s shares/Musharakah units and pay rent on the remaining Musharakah units owned by the Bank. Once the Customer has purchased all of the Bank’s Musharakah units, ownership of the asset will be transferred to the Customer.

Eligibility Criteria

1. All new as well as old creditworthy farmers, are eligible to get financing under the scheme, however preference will be given to those farmers who are already engaged in this agri. business/activity.
2. Customer must not be a defaulter of any other Bank
3. Valid copy of CNIC
4. Clear e-CIB report from SBP

Islamic Solar Energy System Financing

Islamic Solar Energy System Financing have been introduced under Zarai Islamic Alternate Renewable Energy Financing, using the Diminishing Musharakah structure. The transaction begins with the establishment of a partnership between the Bank and the Customer, allowing the Customer to jointly acquire an asset with the Bank. Throughout the financing period, the Customer will periodically purchase the Bank’s shares/Musharakah units and pay rent on the remaining Musharakah units owned by the Bank. Once the Customer has purchased all of the Bank’s Musharakah units, ownership of the asset will be transferred to the Customer.

Eligibility Criteria

1. All new as well as old creditworthy farmers, are eligible to get financing under the scheme, however preference will be given to those farmers who are already engaged in this agri. business/activity.
2. Customer must not be a defaulter of any other Bank
3. Valid copy of CNIC
4. Clear e-CIB report from SBP