Export Financing

1.Finished Goods Financing (Under Murabahah Mode) – Export

A short-term financing facility to meet the working capital requirements of the customers. Customer owned finished goods are purchased by the bank on Murabahah basis disclosing Cost and profit in the selling price. The Bank will then appoint Customer as Selling Agent to sell the goods/commodities/assets in the market on behalf of the Bank. The Bank will adjust the financing from the sale proceeds of the goods/commodities/assets.

2.Finished Goods Financing (Under Musawamah Mode) – Export

A short-term financing facility to meet the working capital requirements of the customers. Customer owned finished goods are purchased by the bank on Musawamah basis disclosing only the selling price. The Bank will then appoint Customer as Selling Agent to sell the goods/commodities/assets in the market on behalf of the Bank. The Bank will adjust the financing from the sale proceeds of the goods/commodities/assets.

3.Istisna-Export

A short-term financing facility to meet the working capital requirements of the customers which is based on the concept of order to manufacture/construct/assemble a specified subject matter that needs to be delivered upon completion. The Bank will then appoint Customer as Selling Agent to sell the goods/commodities/assets in the market on behalf of the Bank. The Bank will adjust the financing from the sale proceeds of the goods/commodities/assets.

4.Commodity Salam – Export

A short-term financing facility to meet the working capital requirements of the customers which is based on the concept of sale of homogenous goods/commodities by the customer with deferred delivery of goods to the Bank against immediate full payment in advance.The Bank will then appoint Customer as Selling Agent to sell the goods/commodities/assets in the market on behalf of the Bank. The Bank will adjust the financing from the sale proceeds of the goods/commodities/assets.

5.Currency Salam

Currency Salam can be used for providing financing facility to Customers who are involved in export oriented business. The Bank purchases foreign currency from Customer (Exporter) to be delivered on a specified future date against immediate payment in local currency (PKR).

6.Musharakah Running Finance

Musharakah Running Finance is based on the principles of ‘Shirkat-ul-Aqd’ i.e. contractual partnership in which the Bank will invest in the core business/primary operating activities (all activities of the Customer other than Operating activities will not be part of Partnership) of the customer for the share in profit/loss.

7.Murabahah – Local Purchase

A short-term financing facility extended to customers for the purchase of raw materials/goods/assets. The bank purchases the assets and subsequently sells them to the customer on spot/deferred basis in which the Bank will disclose the cost and the profit to determine the Murabaha selling price to the customer

8.Islamic Export Refinance Scheme (IERS)

To facilitate export oriented businesses to extend refinancing at a concessionary rate of profit to boost the country’s exports. IERS provides finance of eligible items under two parts i.e. Part I and Part II for Direct / Indirect exporters. IERS provides finance of eligible items under two parts i.e. Part I and Part II for Direct / Indirect exporters. The SBP has recently introduce rupee based discounting facility under IERS through post as well as pre-shipment Part 1 and 2.

• Istisna based financing under IERS Part I / Part II
• Murabaha based financing under IERS Part I / Part II
• Finished Goods Murabaha based financing under IERS Part I / Part II
• Commodity Salam based financing under IERS Part I / Part II
• Finished Goods (under Musawamah) based financing under IERS Part I / Part II
• Musharakah Running Finance (MRF) based financing under IERS Part I / Part II
• Finished Goods financing (under Musawamah mode) – Pre-shipment – Rupee based discounting
• Finished Goods financing (under Musawamah mode) – Post-shipment – Rupee based discounting
• Finished Goods Murabaha based financing – Pre-shipment – Rupee based discounting
• Istisna based financing Pre-shipment – Rupee based discounting
• Istisna based financing Post-shipment – Rupee based discounting
• Murabaha based financing Post-shipment – Rupee based discounting MURABAHA
• Finished Goods Murabaha based financing Post-shipment – Rupee based discounting

9.Exim Administered Islamic Export Refinance Scheme (E-IEFS)

To facilitate export oriented businesses to extend refinancing at a concessionary rate of profit to boost the country’s exports. E-IEFS provides finance of eligible items under two parts i.e. Part I and Part II for Direct / Indirect exporters. E-IEFS provides finance of eligible items under two parts i.e. Part I and Part II for Direct / Indirect exporters. The Exim Bank will introduce rupee based discounting facility under E-IEFS through post as well as pre-shipment Part 1 and 2.

• Istisna based financing under E-IEFS Part I / Part II
• Murabaha based financing under E-IEFS Part I / Part II
• Finished Goods Murabaha based financing under E-IEFS Part I / Part II
• Commodity Salam based financing under E-IEFS Part I / Part II
• Finished Goods (under Musawamah) based financing under E-IEFS Part I / Part II
• Musharakah Running Finance (MRF) based financing under E-IEFS Part I / Part II
• Finished Goods financing (under Musawamah mode) – Pre-shipment – Rupee based discounting
• Finished Goods financing (under Musawamah mode) – Post-shipment – Rupee based discounting
• Finished Goods Murabaha based financing Pre-shipment – Rupee based discounting
• Istisna based financing Pre-shipment – Rupee based discounting
• Istisna based financing Post-shipment – Rupee based discounting
• Murabaha based financing Post-shipment – Rupee based discounting MURABAHA
• Finished Goods Murabaha based financing Post-shipment – Rupee based discounting.
• Diminisging Musharakah based financing against Islamic Long Term Financing Facility (ILTFF)
• Islamic Financing Facility for Renewable Energy (IFRE)
• Islamic Financing Facility for Storage of Agricultural Produce( IFFSAP)