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Islamic Financing Facility For Storage Of Agricultural Produce (IFFSAP)Islamic Financing Facility For Storage Of Agricultural Produce (IFFSAP)

Islamic Financing Facility For Storage Of Agricultural Produce (IFFSAP)

Islamic Financing Facility for Storage of Agricultural Produce, based on State Bank of Pakistan’s Scheme, enables customers to avail long-term facility for the establishment, expansion & Balancing, Modernization & Replacement (BMR) of Steel/Metal/Concrete Silos, Warehouse & Cold Storage facilities for storing agriculture produce on concessionary rates

Scope & Eligibility Criteria:

Financing facilities shall be available for: 

  • All sectors of SME’s, corporate and commercial involved in agriculture sector. 
  • Purchase of new imported & locally manufactured plant & machinery, equipment and accessories thereof, to be used in Steel/Metal/Concrete Silos, Warehouses and Cold Storages.
  • Purchase of new generators
  • Up-to 65% cost of entire civil works.

Amount of Finance:

Financing shall be available to the extent of C&F value/ex-factory/ showroom price of the new imported or locally manufactured plant, machinery, equipment and accessories thereof.

Features:

Type of Financing Long term financing to finance establishment and upgradation of storage facilities for agricultural produce.
Pricing/ Return Max. end-user rate for all eligible sectors: 6%. 
Maximum Financing Limit Max. financing of Rs. 500 million to a single project 
Tenure
  • Max 07 years with up to grace period of 06 months 
  • Max. 10 years with up to grace period of 06 months for SME

SBP Scheme Link

https://www.sbp.org.pk/smefd/circulars/2019/C2-Annex-A.pdf

For more details, visit your nearest Bank Alfalah Islamic branch or call us at 021 111225111.

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PAKISTAN

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UAE

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