Tawfeeq Financing – Diminishing Musharakah

Empowering businesses with Shari’ah-compliant growth

U Bank Islamic Banking brings Tawfeeq Financing, a Shari’ah-compliant solution based on the Islamic mode of Diminishing Musharakah. Designed to strengthen established businesses, this facility is an ideal solution for the funds required to meet your business’s liquidity needs and ensure smooth cash flow management against your pre-owned vehicle. It is exclusively tailored for established small and medium-scale businesses looking to grow or enhance their operations.

Salient Features

Financing limit up to PKR 3,000,000

Financing tenure up to 7 years

Repayment in easy monthly installments

Complete Takaful coverage of the vehicle

Required Documents

Original CNIC
Passport-sized photograph of the applicant
Proof of business
Proof of Vehicle Ownership
Terms and Conditions are applicable

FAQs

Who can apply for this financing?

The applicant must be a resident Pakistani with a CNIC/NICOP.

What is the eligibility criteria?

The applicant must have an annual income (net of business expense) in excess of PKR 1,200,000. The applicant must be a business individual and Vehicle to be in customer’s ownership as per excise records for at least 3 months.

Is there any age limit for the customer to avail this financing?

The applicant must be between 18 and 68 years old at the time of application and maturity, respectively.

What is the procedure to apply for this financing?

The customer will be required to follow the following steps:

Visit your nearest U Bank Islamic Banking branch
Provide the required documents
Sign the financing application form and submit

What documents are required to avail this financing facility?

Original CNIC
Passport-sized photograph of the applicant
Proof of business

For what purpose can I receive this financing?

To improve existing business or enhance a small scale business

Any processing charges included?

As per the applicable Schedule of Charges

Is this Shari’ah-compliant financing?

Yes – It is Shari’ah-compliant financing based on Diminishing Musharakah

U Bank Commercial Vehicle – Diminishing Musharakah Financing

How Much do you need ?

Rs 350,000 Rs 3,000,000

12 months 120 months

YOU ARE GETTING

Rs. 0

TERMS OF USE

Months

Total Profit

Rs. 0

INSTALLMENT AMOUNT

Rs. 0

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