| Product Name |
Mode |
Type of Product |
Basis for Pricing |
Tenors |
Target Customers |
| Murabaha |
Murabaha |
Financing for working capital requirements of SME, Corporate, Commodity Operations and consumer |
Currently ranging between 14% to 18% as per policy of the Bank approved on case to case basis by competent authority subject to change as per profit rates/market trend. However, price of Murabaha once booked cannot changed |
1 month-2 years |
Business Community |
| Chief Minister NWFP Agriculture Scheme |
Murabaha |
Agriculture |
6.5 % p.a. as per policy of the Bank. |
1 year |
Farmer Community |
| Ijarah Muntahia Bitamleek |
Ijarah Muntahia Bitamleek |
Consumer, SME, Corporate |
Currently ranging between 14% to 18% as per policy of the Bank approved on case to case basis by competent authority subject to change as per market trend. |
1 Year-- Five years in case of Car Ijarah and Commercial Ijarah, three years in case of Motorcycle Ijarah and fifteen years in case of House Ijarah Facility. (House Ijarah is used for conversion of loans only) |
Five years in case of Car Ijarah and Commercial Ijarah, three years in case of Motorcycle Ijarah and fifteen years in case of House Ijarah Facility. (House Ijarah is used for conversion of loans only) |
| Khyber Motor Cycle Ijarah Scheme |
Ijarah Muntahia Bitamleek |
Consumer (For Government Employees) |
Currently ranging between 14% to 20% as per policy of the Bank approved on case to case basis by competent authority subject to change as per profit
Islamic Banking Department
74
rates/market trend |
3 years |
Government Employees |
| Musharaka |
Musharaka |
SME, Corporate. |
As per Agreement |
As agreed by parties/depending upon project |
Business Community |
| Diminishing Musharaka |
Diminishing Musharaka |
Consumer, SME, Corporate |
Currently ranging between 14% to 18% as per policy of the bank approved on case to case basis by competent authority subject to change as per profit rates/market trend. |
1-15 years |
Business Community, Employed & Self Employed people of N.W.F.P. |
| Mudaraba Financing |
Mudaraba Financing |
Consumer, SME, Corporate |
Actual sharing of profit |
Depending upon project completion |
NGOs/ Reputed Businessmen |
| Foreign Currency Remittances under Islamic Banking |
Service charges |
Remittances |
Percentage of remittances |
nil |
Starting from Hayatabad Branch where target market is the local area businessman. It will soon be extended to other areas of the country. |
| Foreign Currency Deposit under Islamic Banking |
Qarz-e-Hasana |
Deposits |
Current Account |
nil |
Starting from Hayatabad Branch where target market is the locan area businessman. It will soon be extended to other areas of the country. |
