U Bank Islamic Banking offer Shari’ah compliant financing product based on Salam Islamic mode of finance through individual financing. The financing is extended to help the agricultural sector and farmers meet their working capital requirements, such as for tube wells, solar panels and batteries, and other agriculture-related needs. This is based on the concept of the sale of homogenous goods and commodities by the customer, with deferred delivery of goods to the bank against an immediate full payment in advance.
Salient Features
- Financing amount up to PKR 600,000/- to meet the basic needs of agriculture sector
- Financing tenure of 3 to 6 months
- Easy and fair financing processing
- Complimentary credit Family Takaful
- Financing facility on personal guarantee
- Lump sum and Bullet financing repayment option
Minimum Required Documents
- Valid CNIC
- One passport-size photograph
