Bank Alfalah Islamic offers the Islamic Financing Facility for Storage of Agricultural Produce (IFFSAP), a Shariah-compliant financing solution under the State Bank of Pakistan’s scheme. This facility empowers clients to establish, expand, modernize, and replace storage infrastructure, including Steel/Metal/Concrete Silos, Warehouses, and Cold Storage facilities for agricultural produce—all at concessionary rates.
Scope & Eligibility:
This facility is designed for all sectors involved in the agriculture industry, including SMEs, corporate, and commercial entities. Eligible financing can be used for:
- Purchase of new imported or locally manufactured plant, machinery, equipment, and accessories for Silos, Warehouses, and Cold Storage.
- Purchase of new generators.
- Up to 65% of the cost of civil works for construction or upgrades.
Financing Amount:
Clients can avail financing equivalent to the C&F value, ex-factory, or showroom price of the new plant, machinery, equipment, and accessories.
Key Features:
- Type of Financing: Long-term facility for establishment, expansion, modernization, and replacement of agricultural storage infrastructure.
- Pricing/Return: Maximum end-user rate of 6% for all eligible sectors.
- Maximum Financing Limit: Up to PKR 500 million for a single project.
- Tenure:
- Up to 7 years with a grace period of 6 months.
- Up to 10 years with a grace period of 6 months for SMEs.
Why Choose IFFSAP with Bank Alfalah Islamic?
- Access Shariah-compliant long-term finance for agricultural storage projects.
- Concessionary rates for eligible sectors.
- Flexible financing limits and tenure to match project requirements.
- Expert guidance and dedicated support throughout the financing process.
For more information, visit your nearest Bank Alfalah Islamic branch or call 021 111225111.
State Bank of Pakistan Scheme Details