A short-term facility extended to purchase raw materials/goods/asset(s) by the Bank and its onward sale to client(s) on a cost-plus-profit basis, usually with deferred payment. The facility is provided by keeping the accepted/unaccepted, clean/discrepant export/inland bill under LC/Contract as a security. Any other security, as per the Bank’s Policy, may also be taken along with the lien over the export/inland bill, keeping in view the risk profile of the client.
This kind of facility is designed to cater to the requirements (usually short-term financing) of exporters. In this facility, the Bank purchases the goods of the customer at an agreed price. The goods are delivered to the Bank. After taking delivery, these goods are then sold and exported to the foreign buyer by the exporter (customer) acting as an agent of the Bank. The Bank receives export proceeds as per the payment terms.
Istisna Export is a Shariah-compliant trade finance/working capital structure in which a local exporter (seller/manufacturer) enters into an Istisna contract with Allied Aitebar Islamic Banking for the manufacturing of specific goods or commodities, and the product is delivered at a future date as per agreed specifications. The Bank further sells the goods through its agent (exporter/manufacturer).
Currency Salam is a variant of Salam whereby the exporter undertakes to provide a specific amount of foreign currency at a specified future date in exchange for an advance price fully paid by the Bank in the form of local currency at the time of contract.
Currency Salam is a fund-based facility designed as a substitute for Export Bill Negotiation/Discounting and shall be offered to the exporter against the following types of export documents, subject to financing approval as per the Bank’s Policy:
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Export Documents under an Accepted Usance Bill
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Export Documents under a Letter of Credit
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Export Documents under Collection (CAD/DA basis)
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Export Documents under Contracts
Whether you are a trader or manufacturer seeking financing up to PKR 15 million, Allied Aitebar Business Finance offers a tailored solution to meet your financial or working capital requirements. Designed to ensure quick processing and competitive pricing, this Shariah-compliant facility is ideal for growing your business with ease and confidence.
Salient Features:
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Quick and easy processing for faster access to funds
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Affordable pricing to support cost-effective financing
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Facility types include:
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Working Capital Financing
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Term Financing
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Letter of Credit (LC)
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Letter of Guarantee (LG)
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Financing available up to PKR 15 million
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Facility is secured against acceptable Residential, Commercial, or Industrial real estate
ABL IBG offers long-term finance facilities on the basis of Ijarah or Diminishing Musharakah, where exporters can avail financing for the purchase of assets, machinery, equipment, etc. This facility can be used for Balancing, Modernization and Replacement (BMR) of businesses, including export-oriented units.
Allied Aitebar Islamic Banking offers refinance facilities to cater to short-term needs of exporters with complete compliance to Shariah principles. This scheme provides for all the unique requirements of exporters and is available in both Part-I and Part-II, as per the original Export Refinance Scheme of the State Bank of Pakistan (SBP). The scheme is offered through different modes of financing like Murabaha, Musawamah, Istisna, etc.
Allied Aitebar Islamic Banking provides the Islamic Long Term Financing Facility (ILTFF) to its customers for the purchase of imported and locally manufactured plant and machinery. ILTFF is a scheme introduced by SBP, granting exporters an opportunity to avail concessional long-term financing for imported and locally manufactured new plant and machinery.
The scheme will be financed through Islamic modes of financing duly approved by the Shariah Board of the Bank, i.e., Ijarah, Diminishing Musharakah, or any other mode.
In order to hedge the risk of foreign currency price fluctuations, Allied Aitebar Islamic Banking offers a Shariah-compliant hedging facility on the basis of Wa’ad.
This product is used to facilitate trade finance customers by providing Forward Cover for import and export-related transactions.
At times, exporters have some import requirements for which Allied Aitebar Islamic Banking offers Letter of Credit services.
In order to facilitate trade, Allied Aitebar Islamic Banking offers a Shariah-compliant guarantee facility to its customers, where the Bank provides different types of payment and performance guarantees on behalf of the customer.