Enaya Murabaha Financing
Empower your Earnings, Banking with Shari’ah Principles!
U Bank Islamic Banking is offering Shari’ah-compliant financing facility for salaried individuals and pensioners. With the Enaya Murabaha Financing facility, assets and commodities can easily be purchased to help establish or expand a business to generate additional sources of income.
The financing facility can be utilized by the individual to procure supplies that will help enhance or set up a business for them, such as for the purchase of livestock, motorbikes for business mobility, raw materials, electric appliances, machines, solar panels or batteries, generators, etc.
Salient Features
Financing facility of up to PKR 350,000
Financing tenure of 3 to 60 months
Financing facility for salaried individuals and pensioners
Individual financing facility
Repayment option in easy monthly installments
Required Documents
- Original CNIC
- Passport-sized photograph of the applicant
- Proof of income (salary slip or bank statement) or pension book
Terms & 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?
Minimum one year with current employer (Not on Probation Period) – If current employment tenure is less than one year, proof of previous employment is required for salaried individuals.
For Pensioner: Must receive at least 01 pension
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 nearest U Bank Islamic Banking branch
- Provide the required KYC documents
- Read & Sign financing application form and submit
What documents are required for this?
- Original CNIC
- Passport-sized photograph of the applicant
- Proof of income (salary slip or bank statement) or pension book
What kind of processing charges are there?
Processing Fee
Are there any limitations to the nature of work to get this financing?
This financing is restricted to Asset Purchases for various purposes i.e. (various commodities, live stocks, Bikes, Solar panels/batteries, electrical appliances, generators etc.).
Is this Shari’ah-compliant?
Yes – It is Shari’ah-compliant financing based on Murabaha – Trade based mode of financing