| Nature of Finance | Murabaha finance for Salaried persons |
| Tenure | 01 to 05 years |
| Pricing | Pricing as per declared in monthly Circulars |
| Eligibility criteria | Pakistani national, including AJK |
| age | 22 to 58 years |
| Period of employment | 03 years or more in Permanent cadre |
| Income of Applicant | Net take home Salary to be minimum Rs. 15,000/- & installment should not be more than 33% of the net take home income or 50% corrective installments not to exceed salary other loans |
| Maximum Amount | Rs. 1.00 Million or 15 net take home salary, whichever is less |
RAAST CONUMER MURABAHA” SALARY FINANCING POLICY
|
Security For Govt.& semi Govt./Local Bodies Employees Option 01 |
Terminal Benefits are sufficient to cover sum of installments.
|
| Option 02 |
Terminal Benefits are not sufficient but at-least cover 75% or more total financing amount.
|
| Option 03 |
Terminal Benefits are not sufficient but at-least cover 50% to 74% of total financing amount.
|
| For Private Organization employees |
Lien on Provident fund/end service benefits.
|
| Mode of Payment | Post dated cheques |
