Bank Alfalah Islamic supports Pakistan’s exporters through the Islamic Export Refinance Scheme (IERS), introduced by the State Bank of Pakistan. This Shariah-compliant facility provides financing at concessionary rates to help exporters meet their working capital requirements, aligned with government policies to promote and incentivize exports.
Eligibility Criteria:
-
Corporate, commercial, and SME clients engaged in export-oriented businesses.
-
Both direct and indirect exporters are eligible.
-
Financing is provided in two parts:
-
Part I: Up to 100% of export orders, contracts, or Letter of Credit (LC).
-
Part II: Based on the performance of past exports for direct and indirect exporters.
-
Key Features:
-
Type of Financing: Short-term financing for exports of manufacturing goods and services, especially value-added products.
-
Pricing / Return: Maximum end-user rate: SBP Policy Rate minus 3%.
-
Maximum Financing Limit: Up to 50% of export performance during the preceding fiscal year (July–June).
-
Tenure:
-
Direct exports: up to 180 days
-
Indirect exports: up to 120 days
-
Note: Prevailing Profit Rates and SBP Guidelines apply and may vary from time to time.
Why Choose IERS with Bank Alfalah Islamic?
-
Access Shariah-compliant financing tailored for exporters.
-
Concessionary rates to optimize working capital.
-
Flexible short-term tenor based on export performance.
-
Expert guidance to support smooth export operations.
For more information, visit your nearest Bank Alfalah Islamic branch or call 021 111225111.